Hairston corporation manufactures and sells a single product. the company uses units as the measure of activity in its budgets and performance reports. during november, the company budgeted for 7,900 units, but its actual level of activity was 7,920 units. the company has provided the following data concerning the formulas used in its budgeting and its actual results for november: data used in budgeting: fixed element per month variable element per unit revenue − $ 46.1 direct labor $ 0 $ 11.8 direct materials 0 18.5 manufacturing overhead 42,600 3.6 selling and administrative expenses 23,150 2.2 total expenses $ 65,750 $ 36.1 actual results for november: revenue $ 363,782 direct labor $ 93,926 direct materials $ 146,050 manufacturing overhead $ 69,102 selling and administrative expenses $ 40,434 the direct materials cost in the flexible budget for november would be closest to

Afinancial institution, the thriftem bank, is in the process of formulating its loan policy for the next quarter. a total of $12 million is allocated for that purpose. being a full-service facility, the bank is obligated to grant loans to different clientele. the following table provides the types of loans, the interest rate charged by the bank, and the possibility of bad debt as estimated from past experience.type of loaninterest rateprobability of bad debtpersonal.140.10car.130.07home.120.03farm.125.05commercial.100.02 bad debts are assumed unrecoverable and hence produce no interest revenue either. competition with other financial institutions in the area requires that the bank allocate at least 40% of the total funds to farm and commercial loans. to assist the housing industry in the region, home loans must equal at least 50% of the personal, car, and home loans. the bank also has a stated policy specifying that the overall ratio for bad debts on all loans may not exceed .04. formulate this problem as a linear program. define your variables clearly and write all the constraints explaining the significance of each.

Managers in a firm hired to improve the firm's profitability and ultimately the shareholders' value will add to the overall costs if they pursue their own self-interests. what does this best illustrate? a. diseconomies of scale b. principal-agent problem c. experience-curveeffects d. information asymmetries

Richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.