Logistics solutions provides order fulfillment services for dot. com merchants. the company maintains warehouses that stock items carried by its dot. com clients. when a client receives an order from a customer, the order is forwarded to logistics solutions, which pulls the item from storage, packs it, and ships it to the customer. the company uses a predetermined variable overhead rate based on direct labor-hours.

in the most recent month, 120,000 items were shipped to customers using 4,100 direct labor-hours. the company incurred a total of $11,480 in variable overhead costs.

according to the company’s standards, 0.03 direct labor-hours are required to fulfill an order for one item and the variable overhead rate is $2.85 per direct labor-hour.

(1) what is the standard labor-hours allowed (sh) to ship 120,000 items to customers?
(2) what is the standard variable overhead cost allowed (sh × sr) to ship 120,000 items to customers?
(3) what is the variable overhead spending variance?
(4) what is the variable overhead rate variance and the variable overhead efficiency variance?

Ido not understand this project overview agricultural commodities are bought and sold through the stock exchange. the price of commodities changes all the time. investors buy many agricultural commodities before they are ready for shipping. when an investor buys an agricultural commodity that is going to be ready in the future, they call this purchasing futures. this might be a future crop, meat that has not yet been processed, or another type of agricultural commodity. for this project, you will have to decide how to spend $10,000. research the new york stock exchange. find one or more agricultural commodities that you are interested in. remember, it may be listed as a future crop. instructions identify the agricultural commodities that you think have the best chance of going up in price. think about what is going on with supply and demand. decide how you will spend your money. you may purchase only agricultural commodities. check the market every day for a week. record the price of your commodity or commodities each day. you may buy or sell your commodities at any time during the week. you may sell your commodities and buy different ones. feel free to experiment with the $10,000 by buying and selling commodities, but make sure to keep a careful record of your activities. at the end of the week, you will write a report on your investments. this report should be structured to include this information: page 1: explain how the stock market works. page 2: list all commodities purchased. describe each in detail. discuss why you selected these commodities. remember, they must be agricultural. page 3: create a chart or graph to illustrate the price of your commodity or commodities over the week’s time. list all of your activity buying and selling. make sure you include prices and details. page 4: write a summary of your experience. describe what you might do differently if you were using actual money. propose potential reasons why the price of each commodity may go up or down.