Answer the Following Question(s)using the Information Below

question 70

Multiple Choice

Answer the following question(s) using the information below.Eco Furniture Ltd.makes wooden furniture.One of their products is a wooden desk.The exterior is made of walnut, a high quality wood, but the interior drawers are made of pine, a less expensive wood.The budgeted direct materials quantities and prices for one desk are:
During the month of November 600 desks were produced.The actual material volume and costs were:

-What is the direct materials yield variance for walnut?

• A)$28,750 U
• B)$16,500 U
• C)$19,500 F
• D)$16,500 F
• E)$13,950 U

Analyze the effect of operational changes on a firm’s financial cycle.

Understand the relationship between sales, cost of goods sold (COGS), and inventory turnover.

Calculate and interpret the effective annual interest rate on financial arrangements.

Understand the significance of accounts receivable turnover as a measure of liquidity.

---

Definitions:

Balanced Ecosystem

An ecological state where natural systems are in harmony, with stable populations and sustainable interactions among organisms and their environment.

Matter Cycle

The movement and exchange of organic and inorganic matter back into the production of living matter, involving processes like the carbon and nitrogen cycles.

Ecological Pyramid

A graphical representation that shows the biomass or bio productivity at each trophic level in a given ecosystem.

Producer Trophic Level

The first level in a food web, comprised of organisms that produce organic materials (usually through photosynthesis) from inorganic substances.