Tharaldson Corporation makes a product with the following standard costs:

Std Quantity or Hours Std Price or Rate Std Cost Per Unit
Direct materials 6.7 ounces $ 3.00 per ounce $ 20.10
Direct labor 0.8 hours $11.00 per hour $ 8.80
Variable overhead 0.8 hours $ 6.00 per hour $ 4.80
The company reported the following results concerning this product in June.

Originally budgeted output 2,100 units
Actual output 2,600 units
Raw materials used in production 19,500 ounces
Purchases of raw materials 20,000 ounces
Actual direct labor-hours 4,700 hours
Actual cost of raw materials purchases $ 41,000
Actual direct labor cost $12,100
Actual variable overhead cost $ 3,050

The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.

The materials price variance for June is:

Suppose that fizzo and pop hop are the only two firms that sell orange soda. the following payoff matrix shows the profit (in millions of dollars) each company will earn depending on whether or not it advertises: pop hopadvertise doesn’t advertisefizzo advertise 10, 10 18, 2doesn’t advertise 2, 18 11, 11for example, the upper right cell shows that if fizzo advertises and pop hop doesn't advertise, fizzo will make a profit of $18 million, and pop hop will make a profit of $2 million. assume this is a simultaneous game and that fizzo and pop hop are both profit-maximizing firms.if fizzo decides to advertise, it will earn a profit if pop hop advertises and a profit if pop hop does not advertise.if fizzo decides not to advertise, it will earn a profit if pop hop advertises and a profit if pop hop does not advertise.if pop hop advertises, fizzo makes a higher profit if it chooses (not to advertise, to .if pop hop doesn't advertise, fizzo makes a higher profit if it chooses (not to advertise, to . suppose that both firms start off not advertising. if the firms act independently, what strategies will they end up choosing? fizzo will choose to advertise and pop hop will choose not to advertise.both firms will choose to advertise.fizzo will choose not to advertise and pop hop will choose to advertise.both firms will choose not to advertise.again, suppose that both firms start off not advertising. if the firms decide to collude, what strategies will they end up choosing? fizzo will choose not to advertise and pop hop will choose to advertise.both firms will choose not to advertise.fizzo will choose to advertise and pop hop will choose not to advertise.both firms will choose to advertise.