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 6,300 of these meals using 1,800 direct labor-hours. the company paid these direct labor workers a total of $18,000 for this work, or $10.00 per hour. according to the standard cost card for this meal, it should require 0.30 direct labor-hours at a cost of $9.20 per hour. required: 1. according to the standards, what direct labor cost should have been incurred to prepare 6,300 meals? how much does this differ from the actual direct labor cost?

Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.

4. why do you think it is important to follow the markkula centers steps to making good decisions?

How do unseen costs make it difficult to decide if it is better for government or private companies/people to spend our money? provide an example using a “seen” and “unseen” cost to prove your answer.