Hexene, inc. produces a specialized machine part used in forklifts. for last year's operations, the following data were gathered: units produced 40,000 direct labor 32,000 hours @ $10.00 actual variable overhead $140,000 hexene employs a standard costing system. during the year, a variable overhead rate of $6.00 was used. the labor standard requires 0.75 hours per unit produced. the variable overhead spending and efficiency variances

a.$45,000 u and $6,500 u.
b.$52,000 f and $12,000 u.
c.$9,600 u and $45,000 f.
d.$16,000 f and $8,400 f.
e. none of these choices are correct.

For each separate case below, follow the 3-step process for adjusting the prepaid asset account at december 31. step 1: determine what the current account balance equals. step 2: determine what the current account balance should equal. step 3: record the december 31 adjusting entry to get from step 1 to step 2. assume no other adjusting entries are made during the year. a. prepaid insurance. the prepaid insurance account has a $4,700 debit balance to start the year. a re- view of insurance policies and payments shows that $900 of unexpired insurance remains at year-end. b. prepaid insurance. the prepaid insurance account has a $5,890 debit balance at the start of the year. a review of insurance policies and payments shows $1,040 of insurance has expired by year-end. c.prepaidrent.onseptember1ofthecurrentyear,thecompanyprepaid$24,000 for 2 years of rentfor facilities being occupied that day. the company debited prepaid rent and credited cash for $24,000.

20. to add body to a hearty broth, you may use a. onions. b. pasta. c. cheese. d. water.

Which of the following describes one of the ways that the demographics of an area affect the price of housing in that area? a. when more people have children, their incomes tend to be higher and the housing prices are also higher. b. older people are more likely to stay in their houses, creating a seller's market that keeps prices low. c. an area with a lower population density won't have enough construction workers to build new houses quickly. d. an area with younger people will have a higher demand for rentals and a lower demand for buying.