Bond P is a premium bond with a coupon rate of 9.7 percent. Bond D is a discount bond with a coupon rate of 5.7 percent. Both bonds make annual payments, have a YTM of 7.7 percent, have a par value of $1,000, and have twelve years to maturity. a. What is the current yield for Bond P? For Bond D?

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.