New Jersey Valve Company manufactured 8,200 units during January of a control valve used by milk processors in its Camden plant. Records indicated the following: Direct labor41,900hr. at $14.50 per hr. Direct material purchased33,000lb. at $3.00 per lb. Direct material used23,600lb. The control valve has the following standard prime costs: Direct material3lb. at $2.90 per lb.$8.70 Direct labor5hr. at $14.90 per hr. 74.50 Standard prime cost per unit$83.20 Required: Prepare a schedule of standard production costs for January, based on actual production of 8,200 units. For the month of January, compute the following variances.

How does knowing about supply and demand

Cool beans is a locally owned coffee shop that competes with two large coffee chains, planeteuro and frothies. alicia, the owner, hired two students to count the number of customers that entered each of the coffee shops to estimate what percent of people who are interested in coffee are visiting each shop. after a week, the students found the following results: 589 visited cool beans, 839 visited planeteuro, and 1,290 visited frothies. the students were surprised that cool beans had 139 visits on monday which represented 59% of all people who visited one of the three coffee shops on mondays. how many people visited one of the three coffee shops during the week?

The following transactions occurred during july: received $1,000 cash for services provided to a customer during july. received $4,000 cash investment from bob johnson, the owner of the business received $850 from a customer in partial payment of his account receivable which arose from sales in june. provided services to a customer on credit, $475. borrowed $7,000 from the bank by signing a promissory note. received $1,350 cash from a customer for services to be rendered next year. what was the amount of revenue for july?