Etcher company collected the following data regarding production of one of its products. compute the direct materials quantity variance
direct materials standard (6 įbs. e $2/lb.) s 12 per finished unit
actual direct materials used 279,300 ibs
actual finished units produced 46,000 units
actual cost of direct materials used $556,110
multiple choice
a. $2.490 favorable.
b. $4,110 unfavorable.
c. $6,600 unfavorable.
d. $2,490 unfavorable.
e. $4,110 favorable.

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 process.