In actually producing 700 units of product last period, Azure Company used 5,000 pounds of Material at $6.85/pound. The company has established the standard (or budget) of using 7.2 pounds of Material K per unit of product, at a price of $7.50 per pound. Azure had budgeted for 700 units of product. Calculate the direct materials efficiency (quantity) variance associated with producing the 700 units. Please enter a positive number only. You will not be able to indicate in your answer whether the variance is favorable, but you should think about whether or not the variance is favorable.

Which of the following statements is correct? a) one drawback of forming a corporation is that it generally subjects the firm to additional regulationsb) one drawback of forming a corporation is that it subjects the firms investors to increased personal liabilitiesc) one drawback of forming a corporation is that it makes it more difficult for the firm to raise capitald) one advantage of forming a corporation is that it subjects the firm's investors to fewer taxese) one disadvantage of forming a corporation is that it is more difficult for the firm's investors to transfer their ownership interests

Alaska king crab fishing in the 1960s and '70s was a dangerous but rich fishery. boats from as far away as california and japan braved the treacherous gulf of alaska crossing to reach the abundant king crab beds in cook inlet and bristol bay. suddenly, in the early 1980s, the fishery crashed due to over fishing. all crabbing in those areas ended. to this day, there is no crabbing in bristol bay or cook inlet. a. how would an economist explain the decline of the alaska king crab fishery

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