Milar Corporation makes a product with the following standard costs:

Input Standard Quantity or Hours Standard Price or Rate
Direct materials 7.7 pounds $ 4.00 per pound
Direct labor 0.1 hours $ 20.00 per hour
Variable overhead 0.1 hours $ 4.00 per hour

In January the company produced 4,700 units using 10,280 pounds of the direct material and 2,260 direct labor-hours. During the month, the company purchased 10,850 pounds of the direct material at a cost of $76,730. The actual direct labor cost was $38,238 and the actual variable overhead cost was $11,939.

The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The materials quantity variance for January is:

Suppose there are three types of consumers who attend concerts at your university’s performing arts center: students, staff, and faculty. each of these groups has a different willingness to pay for tickets; within each group, willingness to pay is identical. there is a fixed cost of $1,000 to put on a concert, but there are essentially no variable costs. for each concert: i. there are 140 students willing to pay $20. (ii) there are 200 staff members willing to pay $35. (iii) there are 100 faculty members willing to pay $50. a) if the performing arts center can charge only one price, what price should it charge? what are profits at this price? b) if the performing arts center can price discriminate and charge two prices, one for students and another for faculty/staff, what are its profits? c) if the performing arts center can perfectly price discriminate and charge students, staff, and faculty three separate prices, what are its profits?