Under which theories of product liability can Kolchek sue Porter to recover for Litisha’s injuries? Would privity of contract be required for Kolchek to succeed in a product liability action against Great Lakes? Explain. For an action in strict product liability against Great Lakes, what six requirements must Kolchek meet? What defenses to product liability might Porter or Great Lakes be able to assert?

Levine inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. direct materials (9 pounds at $1.80 per pound) $16.20 direct labor (6 hours at $14.00 per hour) $84.00 during the month of april, the company manufactures 270 units and incurs the following actual costs. direct materials purchased and used (2,500 pounds) $5,000 direct labor (1,660 hours) $22,908 compute the total, price, and quantity variances for materials and labor.