Assume martin guitar company has a standard of 3 hours of direct labor per unit produced and $20 per hour for the labor rate. during last period, the company used 24,000 hours of direct labor at a $456,000 total cost to produce 6,000 units. compute the direct labor rate and efficiency variances. a. rate variance: $120,000 unfavorable; efficiency variance: $24,000 unfavorable.
b. rate variance: $24,000 favorable; efficiency variance: $120,000 unfavorable. c. rate variance: $24,000 unfavorable; efficiency variance: $120,000 favorable. d. rate variance: $120,000 favorable; efficiency variance: $24,000 unfavorable. e. rate variance: $96,000 favorable; efficiency variance: $96,000 unfavorable.

Bear, inc. estimates its sales at 200,000 units in the first quarter and that sales will increase by 20,000 units each quarter over the year. they have, and desire, a 25% ending inventory of finished goods. each unit sells for $35. 40% of the sales are for cash. 70% of the credit customers pay within the quarter. the remainder is received in the quarter following sale. cash collections for the third quarter are budgeted at

Suppose the marginal damage and marginal benefit curves in a polluted neighborhood are md = p/3 and mb = 4 – p. also, suppose that transactions costs are low, so that the consumers and the firm can bargain. we saw that in this case, the socially-optimal level of pollution is achieved. start by computing the socially-optimal p. then, for each of the following cases, compute the amount of money transferred through the bargaining process, and indicate who pays whom (i.e., whether consumers pay the firm, or vice versa). also, compute the gains to each party relative to the status quo (i.e., the starting point of the bargaining process).a)consumers have the right to clean air; firm is dominant in the bargaining process.b)consumers have the right to clean air; consumers are dominant in the bargaining process.c)firm has the right to pollute; firm is dominant in the bargaining process.d)firm has the right to pollute; consumers are dominant in the bargaining proces

The following information relates to the pina company. date ending inventory price (end-of-year prices) index december 31, 2013 $73,700 100 december 31, 2014 100,092 114 december 31, 2015 107,856 126 december 31, 2016 123,009 131 december 31, 2017 113,288 136 use the dollar-value lifo method to compute the ending inventory for pina company for 2013 through 2017.