Standard product cost, direct materials variancecondiments company uses standards to control its materials costs. assume that a batch of ketchup (2,000 pounds) has the following standards: standard quantity standard pricewhole tomatoes 3,300 lbs. $ 0.39 per lb. vinegar 190 gal. 2.40 per gal. corn syrup 16 gal. 8.70 per gal. salt 76 lbs. 2.20 per lb. the actual materials in a batch may vary from the standard due to tomato characteristics. assume that the actual quantities of materials for batch k-54 were as follows: 3,400 lbs. of tomatoes182 gal. of vinegar17 gal. of corn syrup75 lbs. of salta. determine the standard unit materials cost per pound for a standard batch. if required, round amounts to the nearest cent. ingredient standard cost per batchwhole tomatoes $vinegar $corn syrup $salt $total $standard unit materials cost per pound $b. determine the direct materials quantity variance for batch k-54. if required, round amounts to the nearest cent. enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. ingredient materials quantity variance favorable/unfavorablewhole tomatoes $ 8vinegar $ 10corn syrup $ 12salt $ 14total direct materials quantity variance $ 16

Guardian inc. is trying to develop an asset-financing plan. the firm has $450,000 in temporary current assets and $350,000 in permanent current assets. guardian also has $550,000 in fixed assets. assume a tax rate of 40 percent. a. construct two alternative financing plans for guardian. one of the plans should be conservative, with 70 percent of assets financed by long-term sources, and the other should be aggressive, with only 56.25 percent of assets financed by long-term sources. the current interest rate is 12 percent on long-term funds and 7 percent on short-term financing. compute the annual interest payments under each plan.

Journalize the following transactions that occurred in september 2015 for aquamarines. no explanations are needed. identify each accounts payable and accounts receivable with the vendor or customer name. sep. 3 purchased merchandise inventory on account from shallin wholesalers, $5,000. terms 1/15, n/eom, fob shipping point. 4 paid freight bill of $80 on september 3 purchase. 4 purchased merchandise inventory for cash of $1,700. 6 returned $500 of inventory from september 3 purchase. 8 sold merchandise inventory to hermosa company, $6,000, on account. terms 2/15, n/35. cost of goods, $2,640. 9 purchased merchandise inventory on account from thomas wholesalers, $8,000. terms 2/10, n/30, fob destination. 10 made payment to shallin wholesalers for goods purchased on september 3, less return and discount. 12 received payment from hermosa company, less discount. 13 after negotiations, received a $200 allowance from thomas wholesalers. 15 sold merchandise inventory to jordan company, $2,500, on account. terms 1/10, n/eom. cost of goods, $1,050. 22 made payment, less allowance, to thomas wholesalers for goods purchased on september 9. 23 jordan company returned $400 of the merchandise sold on september 15. cost of goods, $160. 25 sold merchandise inventory to smithsons for $1,100 on account that cost $400. terms of 2/10, n/30 were offered, fob shipping point. as a courtesy to smithsons, $75 of freight was added to the invoice for which cash was paid by aquamarines. 26 after negotiations, granted a $100 allowance to smithsons for merchandise purchased on september 25. 29 received payment from smithsons, less allowance and discount. 30 received payment from jordan company, less return.

The new york stock exchange is an example of what type of stock market?