The following materials standards have been established for a particular product: standard quantity per unit of output 1.7 meters standard price $19.80 per meter. the following data pertain to operations concerning the product for the last month: actual materials purchased 5,800 meters. actual cost of materials purchased $ 113,680 actual materials used in production 5,100 meters actual output 3200 units what is the materials price variance for the month?

The former chairman of the federal reserve, alan greenspan, used the term "irrational exuberance" in 1996 to describe the high levels of optimism among stock market investors at the time. stock market indexes such as the s& p composite price index were at an all-time high. some commentators believed that the fed should intervene to slow the expansion of the economy. why would central banks want to clamp down when the economy is growing? a. to block the formation of unsustainable speculative asset bubbles. b. to curtail excessive profits in the banking system. c. to prevent inflationary forces from gathering momentum. d. all of the above. e. a and c only.