Milar Corporation Makes a Product with the Following Standard Costs

question 373

Multiple Choice

Milar Corporation makes a product with the following standard costs: In January the company produced 2,000 units using 16,060 pounds of the direct material and 210 direct labor-hours. During the month, the company purchased 16,900 pounds of the direct material at a cost of $65,910. The actual direct labor cost was $4,473 and the actual variable overhead cost was $756.The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.The labor efficiency variance for January is:

• A) $200 Unfavorable
• B) $213 Unfavorable
• C) $200 Favorable
• D) $213 Favorable

Understand the calculation and implications of bond duration and modified duration.

Recognize the effects of yield changes on bond prices.

Identify and apply different bond immunization and swap strategies in portfolio management.

Analyze the impact of coupon rate, maturity, and yield to maturity on bond duration and price volatility.

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Definitions:

Sustainability Concept

The principle of meeting present needs without compromising the ability of future generations to meet theirs, particularly in environmental, social, and economic contexts.

Rate of Replenishment

The speed at which resources, such as inventory or cash, are renewed or restocked to maintain operational efficiency.

Green Chemistry

An area of chemistry focused on designing products and processes that minimize or eliminate the use and generation of hazardous substances.

Renewable Feedstocks

are materials that are continually replenished naturally and can be used repeatedly to manufacture products, reducing reliance on non-renewable resources.