7. On January 1, 20X1, Brandon Excavation Company purchased a new bulldozer for $120,000. The equipment had an estimated useful life of ten years and an estimated residual value of $10,000. On January 1, 20X3, Brandon determined that the bulldozer would have a total useful life of only eight years instead of ten years (i.e., it has 6 years left of useful life). Brandon uses straight-line depreciation. Compute depreciation expense on this bulldozer for 20X1, 20X2, and 20X3.

Direct Materials Variances The following data relate to the direct materials cost for the production of 1,900 automobile tires: Actual: 54,400 lb. at $1.70 Standard: 53,300 Ib. at $1.65 a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Price variance Unfavorable Quantity variance Unfavorable Total direct materials cost variance Unfavorable b. The direct materials price variance should normally be reported to the Purchasing Department - V. If lower amounts of direct materials had been used because of production efficiencies, the variance would be reported to the Production Supervisor V. If the favorable use of raw materials had been caused by the purchase of higher- quality raw materials, the variance should be reported to the Purchasing Department

7-3 A

Question 4 Listen Which of the following points are on the unit circle? Select all that apply. A (--) B (33.3) C 12 (1/13. 31/3)