Standard Quantity or Hours Standard Price or Rate Direct materials 4.5 pounds $10.50 per pound Direct labor 0.55 hours $21.50 per hour Variable overhead 0.55 hours $4.00 per hour In October the company produced 5,600 units using 28,000 pounds of the direct material and 3,360 direct labor-hours. During the month, the company purchased 27,600 pounds of the direct material at a total cost of $266,000. The actual direct labor cost for the month was $73,080 and the actual variable overhead cost was $11,760. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchase variance is computed when the materials are purchased. Required: Compute the materials price variance. Compute the materials quantity variance. Compute the labor rate variance. Compute the labor efficiency variance. Compute the variable overhead rate variance. Compute the variable overhead efficiency variance.

Emily bought 200 shares of abc co. stock for $29.00 per share on 60% margin. assume she holds the stock for one year and that her interest costs will be $80 over the holding period. ignoring commissions, what is her percentage return (loss) on invested capital if the stock price went down 10%?

Suppose an economist believes that the price level in the economy is directly related to the money supply, or the amount of money circulating in the economy. the economist proposes the following relationship: p=a x m - p=price level - m=money supply - a=a composite of other factors, including real gdp, that change very slowly over time. how might an economist gather empirical data to test the proposed relationship between money and the price level? an economist would persuade the federal reserve to change the money supply to various levels, and observe the resulting changes in the price level. unlike researchers in the hard sciences, economists cannot study complex relationships using data. economists do not usually develop theoretical models of the economy but only analyze summary statistics about the current state of the economy. an economist would look for data on past changes in the money supply, and note the resulting changes in the price level

Aproperty title search firm is contemplating using online software to increase its search productivity. currently an average of 40 minutes is needed to do a title search. the researcher cost is $2 per minute. clients are charged a fee of $400. company a's software would reduce the average search time by 10 minutes, at a cost of $3.50 per search. company b's software would reduce the average search time by 12 minutes at a cost of $3.60 per search. which option would have the higher productivity in terms of revenue per dollar of input?