In its first month of operations, multiplex corporation purchased 40,000 pounds of material for $3.40 per pound. the company used 38,000 pounds of the material to produce 18,000 units of its only product. multiplex uses a standard cost system and its standard quantity and price per unit are 2 pounds at $3.50 per pound. what was the material price variance for the month? a. $4,000 favorableb. none of these. c. $4,000 unfavorabled. $2,000 unfavorablee. $2,000 favorable

If a company’s employees are angry about their work, a visiting auditor may also become agitated, illustrating the power of

The following selected circumstances relate to pending lawsuits for erismus, inc. erismus’s fiscal year ends on december 31. financial statements are issued in march 2019. erismus prepares its financial statements according to u.s. gaap. required: indicate the amount erismus would record as an asset, liability, or not accrued in the following circumstances. 1. erismus is defending against a lawsuit. erismus's management believes the company has a slightly worse than 50/50 chance of eventually prevailing in court, and that if it loses, the judgment will be $1,000,000. 2. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages could fall anywhere in the range of $2,000,000 to $4,000,000, with any damage in that range equally likely. 3. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages will eventually be $5,000,000, with a present value of $3,500,000. 4. erismus is a plaintiff in a lawsuit. erismus's management believes it is probable that the company eventually will prevail in court, and that if it prevails, the judgment will be $1,000,000. 5. erismus is a plaintiff in a lawsuit. erismus’s management believes it is virtually certain that the company eventually will prevail in court, and that if it prevails, the judgment will be $500,000.

Atrough in the business cycle occurs when