Arestaurant has a cost with the following cost formula: $1,400 + $5.0q, where q is the number of meals served. the restaurant's planning budget is based on 1,400 meals. its actual level of activity was 1,200 meals and the actual amount of the cost at that level of activity was $7,485. the activity variance for this cost is:

The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november.

Which of the following is true concerning the 5/5 lapse rule? a) the 5/5 lapse rule deems that a taxable gift has been made where a power to withdraw in excess of $5,000 or five percent of the trust assets is lapsed by the powerholder. b) the 5/5 lapse rule only comes into play with a single beneficiary trust. c) amounts that lapse under the 5/5 lapse rule qualify for the annual exclusion. d) gifts over the 5/5 lapse rule do not have to be disclosed on a gift tax return.

Abond purchased for $950 was sold for $980 after one year. the interest received during the year is $25. the bond's yield is: