Newton bay is a sparsely populated area. the government plans to build an international airport there and announces this plan publicy. when hotel chains learn about the airport, they become interested in building new hotels near the airport to accommodate travellers. what is the likely economic impact of the situation on commercial real estate in newton bay?

Turrubiates corporation makes a product that uses a material with the following standards standard quantity 8.0 liters per unit standard price $2.50 per liter standard cost $20.00 per unit the company budgeted for production of 3,800 units in april, but actual production was 3,900 units. the company used 32,000 liters of direct material to produce this output. the company purchased 20,100 liters of the direct material at $2.6 per liter. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for april is: