Dubberly corporation's cost formula for its manufacturing overhead is $31,100 per month plus $50 per machine-hour. for the month of march, the company planned for activity of 8,000 machine-hours, but the actual level of activity was 7,930 machine-hours. the actual manufacturing overhead for the month was $454,110.the activity variance for manufacturing overhead in march would be closest to:
a. 23010 u.
b. 23010 f.
c. 3500 u.
d. 3500 f.

Martha is the head of the accounts department in a small manufacturing company. the company follows the accrual-basis method of accounting. it recently purchased raw materials worth $5,000 from its vendors. however, the company paid only $3,000 to its vendors. it plans to pay the remaining amount after three months. considering this information, which entry should martha record in the company’s accounts? a. $5,000 as accounts receivable b. $3,000 as accounts payable c. $2,000 as accounts payable d. $2,000 as accounts receivable

Suppose that the firm cherryblossom has an orchard they are willing to sell today. the net annual returns to the orchard are expected to be $50,000 per year for the next 20 years. at the end of 20 years, it is expected the land will sell for $30,000. calculate the market value of the orchard if the market rate of return on comparable investments is 16%.

Most economists report the elasticity of demand asa. the absolute value of the actual number.b. a negative number, since price and quantity demanded move in opposite directions.c. a percentage, since both the numerator and denominator are percentages.d. a dollar amount, since we are measuring the change in price.