Java Gourmet Coffee Java Gourmet Coffee Reports the Following Data for April 2010

question 4

Multiple Choice

Java Gourmet Coffee
Java Gourmet Coffee reports the following data for April 2010 where 200,000 pounds of roasted gourmet coffee beans were actually produced (note: standard costs do not allow for any wastage) ,
Actual:

Standard:

Refer to Java Gourmet Coffee.Calculate the direct labor efficiency variance.

• A)$11,000 F
• B)$9,000 U
• C)$20,000 U
• D)$9,500 U

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Definitions:

Bond Premium

The amount by which the market price of a bond exceeds its principal amount or face value.

Discount on Bonds Payable

The gap between a bond's face value and its market selling price, occurring when the bond sells below its nominal value.

Straight-Line Amortization

A method of reducing the carrying amount of an intangible asset over its useful life in equal amounts.

Bond Discount

The difference between the face value of a bond and the price for which it sells, when the bond's market price is lower than its face value.