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The Brilliant Furniture Company has established standard costs for the cabinet department in which one size of a single four-drawer style if dresser is produced. The standard costs are used in evaluating actual performance. The standard costs of producing one of these dressers are shown below: Direct material: Lumber –50 board feet @ Br. 5 = Br. 250 Direct labour : 3hours @ Br. 24 = 72 Factory over head: Variable costs :3 hours @ Br. 10 = 30 Fixed costs : 3hours @ Br. 20 = 60 Total per dresser Br. 412 The actual costs of operations to produce 400 of these dressers during January are as follows (there were no initial inventories) Direct material purchased: 25000 board feet @5.60 = Br. 140,000 Direct material used: 19000 board feet Direct labour: 1,100 hours @ Br. 22 = 24,200 Factory over head: Variable costs = 12,760 Fixed costs = 29,800 The flexible budget for this department at the monthly volume level used to set the budgeted fixed –overhead rate called for 1,400 direct labour hours of operation.

At this level, the variable overhead was at Br. 14,000 and the fixed overhead at Br. 28,000. Required: compute the following variances from standard cost. Label your answers favorable (F) or unfavorable (U).

1. Direct material price variance, isolated at time of purchase

2. Direct material quantity variance

3. (a) Direct labour price variance

    (b) Direct labour efficiency variance

4. (a) Variable –over head flexible budget variance

    (b) Fixed –over head spending (flexible budget) variance

    (c) Fixed –overhead production volume variance

5. (a) Variable –over head spending variance

    (b) Variable –over head efficiency variance

The presidencies of this decade are being re-evaluated by numerous historians, politicians, and popular culture and society. What are the legacies of Nixon and darter in your opinion?

The 1980s is a decade that is still fresh in the minds of many Americans, either through nostalgia or actually living through the decade. How has your perceptions of the 1980s changed, if at all?

What does Joseph M. Juran mean by the following?

1. Definition for quality: Fitness for use

2. General Approach: General management approach to quality, especially human elements

3. Improvement Basis: Project by project team approach, set goals

4. Cost of quality: Quality is not free, there's an optimum

5. Vendor Rating: Yes, but help supplier improve

What is the mass of 5.0 moles of Fe2O3?