On september 30 of the current year, a u. s. company entered into a futures contract to hedge the value of itsinventory. the inventory was reported on the balance sheet at its cost of $250,000 on september 30. ondecember 31, the market value of the inventory had decreased to $175,000. the entity had a gain of$74,500 on the futures contract at december 31. what is the proper accounting for this hedging transactionon the december 31 year-end financial statements, assuming that the hedge is considered to be highlyeffective? a. other comprehensive income will increase by $74,500.b. other comprehensive income will decrease by $500.c. net income will increase by $74,500.d. net income will decrease by $500.

Tandard product costs deerfield company manufactures product m in its factory. production of m requires 2 pounds of material p, costing $4 per pound and 0.5 hour of direct labor costing, $10 per hour. the variable overhead rate is $8 per direct labor hour, and the fixed overhead rate is $12 per direct labor hour. what is the standard product cost for product m? direct material answer direct labor answer variable overhead answer fixed overhead answer standard product cost per unit answer

Vendors provide restaurants with what? o a. cooked items ob. raw materials oc. furniture od. menu recipes

This exercise illustrates that poor quality can affect schedules and costs. a manufacturing process has 130 customer orders to fill. each order requires one component part that is purchased from a supplier. however, typically, 3% of the components are identified as defective, and the components can be assumed to be independent. (a) if the manufacturer stocks 130 components, what is the probability that the 130 orders can be filled without reordering components? (b) if the manufacturer stocks 132 components, what is the probability that the 130 orders can be filled without reordering components? (c) if the manufacturer stocks 135 components, what is the probability that the 130 orders can be filled without reordering components?