Wadding Corporation applies manufacturing overhead to products on the basis of standard machine-hours. For the most recent month, the company based its budget on 4,700 machine-hours. Budgeted and actual overhead costs for the month appear below:

Original Budget Actual Costs
Variable overhead costs:
Supplies $ 11,680 $ 12,930
Indirect labor 41,900 42,800
Fixed overhead costs:
Supervision 20,800 20,440
Utilities 7,000 6,980
Factory depreciation 8,000 8,310
Total overhead cost $ 89,380 $ 91,460

The company actually worked 4,740 machine-hours during the month. The standard hours allowed for the actual output were 4,730 machine-hours for the month.

What was the overall variable overhead efficiency variance for the month? (Round your intermediate calculations to 2 decimal places.)

1. the political environment in india has proven to be critical to company performance for both pepsico and coca-cola india. what specific aspects of the political environment have played key roles? could these effects have been anticipated prior to market entry? if not, could developments in the political arena have been handled better by each company? 2. timing of entry into the indian market brought different results for pepsico and coca-cola india. what benefits or disadvantages accrued as a result of earlier or later market entry? 3. the indian market is enormous in terms of population and geography. how have the two companies responded to the sheer scale of operations in india in terms of product policies, promotional activities, pricing policies, and distribution arrangements? 4. “global localization” (glocalization) is a policy that both companies have implemented successfully. give examples for each company from the case.

Amarket that consists of all possible consumers regardless of their specific needs or wants is a

When used-car dealers signal the quality of a used car with a warranty, a. buyers believe the signal because the cost of a false signal is high b. it is not rational to believe the signal because some used-car dealers are crooked c. the demand for lemons is eliminated d. the price of a lemon rises above the price of a good used car because warranty costs on lemons are greater than warranty costs on good used cars