An estimated 1.9 million students take on student loans to pay ever-rising tuition and room and board. it is also known that the average cumlulative debt of recent college graduates is about 20,500. let the cumulative debt among recent college graduates be normally distributed with a standard deviation of 6,000. approximately how many recent college graduates have accumulated a student loan of more than 30,000.

Abbington company has a manufacturing facility in brooklyn that manufactures robotic equipment for the auto industry. for year 1, abbingtonabbington collected the following information from its main production line: actual quantity purchased-200 units, actual quantity used-110 units, units standard quantity-100 units, actual price paid-$8 per unit, standard price-$10 per unit. atlantic isolates price variances at the time of purchase. what is the materials price variance for year 1? 1. $400 favorable. 2. $400 unfavorable. 3. $220 favorable. 4. $220 unfavorable.