PART B: DIRECI MAL At the beginning of June, Faiz Mainan Sdn. Bhd. budgeted 5,000 toys action figures to be
manufactured in June at standard direct materials and direct labor costs as follows:
Sp
Direct materials
RM50,000
Direct labor
RM36,000
Total
RM86,000
The standard materials price is RM4.00 per pound. The standard direct labor rate is RM18.00
per hour. At the end of June, the actual direct materials and direct labor costs were as follows:
Actual direct materials
RM49,600
RM34,020
Actual direct labor
Total
RM83,620
There were no direct materials price or direct labor rate variance for June. In addition, assume
no charges in the direct materials inventory balances in June. Faiz Mainan Sdn. Bhd. actually
produced 4,850 units of toys action figures during June.
REQUIRED:
(a) Determine the direct materials price variance.
(6) Determine the direct labor rate variance.

Suppose your firm is considering investing in a project with the cash flows shown as follows, that the required rate of return on projects of this risk class is 10 percent, and that the maximum allowable payback and discounted payback statistics for the project are three and a half and four and a half years, respectively. use the irr decision to evaluate this project; should it be accepted or rejected

6. why the aggregate supply curve slopes upward in the short run in the short run, the quantity of output that firms supply can deviate from the natural level of output if the actual price level in the economy deviates from the expected price level. several theories explain how this might happen. for example, the misperceptions theory asserts that changes in the price level can temporarily mislead firms about what is happening to their output prices. consider a soybean farmer who expects a price level of 100 in the coming year. if the actual price level turns out to be 90, soybean prices will , and if the farmer mistakenly assumes that the price of soybeans declined relative to other prices of goods and services, she will respond by the quantity of soybeans supplied. if other producers in this economy mistake changes in the price level for changes in their relative prices, the unexpected decrease in the price level causes the quantity of output supplied to the natural level of output in the short run.

The wall street journal reported that over a recent five-month period, a downturn in the economy has caused endowments to decline 23%. what is the estimate of the dollar amount of the decline in the total endowments held by these 10 universities (to the nearest billion)?