Top sound international designs and sells high-end stereo equipment for auto and home use. engineers notified management in december 2021 of a circuit flaw in an amplifier that poses a potential fire hazard. further investigation indicates that a product recall is probable, estimated to cost the company $2.5 million. the fiscal year ends on december 31.

Which of the following statements accurately describes how costs and benefits are calculated?

Aquatic marine stores company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. aquatic uses standard costs to prepare its flexible budget. for the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: direct materials: 3 pounds per unit; $ 6 per pound direct labor: 4 hours per unit; $ 19 per hour during the first quarter, aquatic produced 5 comma 000 units of this product. actual direct materials and direct labor costs were $ 65 comma 000 and $ 330 comma 000, respectively. for the purpose of preparing the flexible budget, calculate the total standard direct materials cost at a production volume of 5 comma 000 units.

When the federal reserve buys and sells bonds to member banks, it is called a. monetary policy b. reserve ratio c. interest rate adjustment d. open market operations