Consider the hypothetical listing below for 10-year Treasury note futures on the Chicago Board of Trade. One futures contract for Treasury notes =$100,000 face value of 10-year 6% notes. a. If today you bought two contracts expiring in December 2018, how much would you pay? b. What does the "OpenInt" on a futures contract mean? What is the OpenInt on the contract expiring in March 2019? c. If you were a speculator who expected interest rates to fall, would you buy or sell these futures contracts? Briefly explain. d. Suppose you sell the December futures contract, and one day later, the Chicago Board of Trade informs you that it has credited funds to your margin account. What happened to interest rates during that day? Briefly explain.

Skychefs, inc. prepares in-flight meals for a number of major airlines. one of the company's products is grilled salmon in dill sauce with baby new potatoes and spring vegetables. during the most recent week, the company prepared 4000 of these meals using 960 direct labor hours. the company paid these direct labor workers a total of $19,200 for this work, or $20.00 per hour. according to standard cost card for this meal, it should require 0.25 direct labour-hours at a cost of $19.75 per hour.1. what is the standard labor-hours allowed (sh) to prepare 4,000 meals? 2. what is the standard labor cost allowed (sh x sr) to prepare 4,000 meals? 3. what is the labor spending variance? 4. what is the labor rate variance and the labor efficiency variance?