Madden corporation manufactures tminus−shirts, which is its only product. the standards for tminus−shirts are as follows: standard direct materials cost per yard $ 8 standard direct materials quantity per tminus−shirt (yards) 1.5 during the month of may, the company produced 1,250 tminus−shirts. related production data for the month follows: actual yards of direct material purchased 1,400 actual direct materials total cost $ 15,500 what is the direct materials price variance for the month? a. $4,300 unfavorable b. $3,800 favorable c. $4,300 favorable d. $3,800 unfavorable

He taylor company sells music systems. each music system costs the company $100 and will be sold to the public for $250. in year one, the company sells 100 gift cards to customers for $250 each ($25,000 in total). these cards are valid for just one year, and company officials expect them to all be redeemed. in year two, only 96 of the cards are returned. what amount of net income does the company report for year two in connection with these cards? a. $15,000b. $15,400c. $15,500d. $15,800

An employer who is considering hiring eva has asked donna, eva’s former supervisor, for a report on eva. in truth, eva’s work for donna has been only average. however, eva is donna’s friend, and donna knows that eva probably will not get the job if she says anything negative about eva, and donna knows that eva desperately needs the job. further, donna knows that if the situation were reversed, she would not want eva to mention her deficiencies. nevertheless, it has been donna’s policy to reveal the deficiencies of employees when she has been asked for references by employers, and she knows that some of eva’s faults may be bothersome to this particular employer. finally, this employer has leveled with donna in the past when donna has asked for a report on people who have worked for him. should donna reveal deficiencies in eva’s past performance? (remember to use one of the three moral theories acceptable for this test to solve this dilemma. any discussion of any personal opinion, religious perspective, or theory other than the moral theories acceptable for this test will result in a score of "0" for this question.)

Why is efficiency an important economic goal?