Pfeiffer Company Produces a Number of Products,including a Small American

question 91

Essay

Pfeiffer Company produces a number of products,including a small American flag.The firm,which began operations at the beginning of the current year,uses a standard cost system.The standard costs for one American Flag are provided below: $\begin{array}{|l|r|}\hline \text { Direct material (0.5 yd.@\$1.00) } & \$ 0.50 \\\hline \text { Direct labor (1hr.@\$10.00) } & 10.00 \\\hline \text { Variable overhead }(1 \mathrm{hr} . @ 1.00) & 1.00 \\\hline \text { Fixed overhead }(1 \mathrm{hr} @ \$ 0.50) & \underline { .50 }\\\hline & \underline {\$ 12.00} \\\hline\end{array}$ The $0.50 fixed overhead rate is based on total budgeted fixed overhead costs of $17,000.There were no changes in any inventory account during the period.The company produced and sold 35,000 units at the following costs: $\begin{array}{|l|r|}\hline \text { Direct materials ( } 18,000 \text { yds.) } & \$ 17,280 \\\hline \text { Direct labor }(36,000 \mathrm{hrs} \text {.) } & 374,400 \\\hline \text { Variable factory overhead } & 34,500 \\\hline \text { Fixed factory overhead } & 15,000 \\\hline\end{array}$ Required:
1)Compute and label as Favorable (F)or Unfavorable (U)the following flexible budget variances: a) Direct materials price variance
b) Direct materials usage variance
c) Direct labor price variance
d) Direct labor usage variance
e) Total variable overhead variance
f) Fixed overhead spending variance
g) Fixed overhead volume variance 2)Comment on the firm's performance.

Identify the proportion of female leaders in top companies and executive positions.

Comprehend the metaphors describing barriers to women's advancement in leadership positions.

Acknowledge the research findings on gender differences in leadership styles.

Understand the GLOBE project's findings on leadership dimensions across different cultures.

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Definitions:

Induction

A method of reasoning in which general principles are derived from specific observations, opposite of deduction.

Psychogenic

Refers to symptoms or conditions that originate from mental or emotional causes rather than physical ones.

Repression

Repression is a psychological defense mechanism where unpleasant thoughts, memories, or desires are kept out of conscious awareness.

Preconscious

Part of the mind that contains thoughts and feelings that are not currently in consciousness but can be readily brought to consciousness.