Goen Corporation produces a single product. The standard costs for one unit of its Metro Metro product are as follows: LOADING... (Click the icon to view the standard costs for one unit.) During November November Year 2, 4 comma 400 4,400 units of Metro Metro were produced. The costs associated with November November operations were as follows: LOADING... (Click the icon to view the costs.) What is the variable overhead efficiency variance for Metro Metro for November November Year 2? 1. $ 2 comma 800 $2,800 unfavorable. 2. $ 1 comma 400 $1,400 favorable. 3. $ 1 comma 400 $1,400 unfavorable. 4. $ 2 comma 800 $2,800 favorable.

What is the most important type of decision that the financial manager makes?

Abank has $132,000 in excess reserves and the required reserve ratio is 11 percent. this means the bank could have in checkable deposit liabilities and in (total) reserves.

Example1 lcnrv: ted company uses the lower of cost or nrv method in valuing its inventory items. the inventory at december 31, 2017, consists of products a, b and c, each having 1,000 units. relevant unit data for these products appear below: item a item b item c cost $ 80 $80 $80 estimated selling price 180 100 90 estimated selling cost 30 30 30 required: using the lower of cost or net realizable value rule, determine the proper value of inventory for balance sheet reporting purposes at december 31, 2017. prepare any necessary journal entry. apply the lower of cost or nrv method: • on an individual inventory basis; • on a group basis; • on a total inventory basis. solution worksheet: inventory (on an individual basis): inventory value item nrv cost lc- item a item b item c total inventory (on a group basis): inventory value item nrv cost lc- group 1 (item a and b) group 2 (item c) total inventory (on an aggregate inventory basis): inventory value item nrv cost lc- total inv