Hutto corp. has set the following standard direct materials and direct labor costs per unit for the product it manufactures.
direct materials (15 lbs. @ $3 per lb.) $45
direct labor (2 hrs. @ $15 per hr.) 30
during may the company incurred the following actual costs to produce 9,000 units.
direct materials (137,100 lbs. @ $2.80 per lb.) $ 383,880
direct labor (21,600 hrs. @ $15.10 per 326,160
required :
(1) compute the direct materials price and quantity variances. (indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.)

Choose the statement that is incorrect. a. search activity occurs only in markets where there is a shortage. b. when a price is regulated and there is a shortage, search activity increases. c. the time spent looking for someone with whom to do business is called search activity. d. the opportunity cost of a good is equal to its price plus the value of the search time spent finding the good.

Which term best describes the statement given below? if p = q and q = r, then p = r

In each of the cases below, assume division x has a product that can be sold either to outside customers or to division y of the same company for use in its production process. the managers of the divisions are evaluated based on their divisional profits. case a b division x: capacity in units 200,000 200,000 number of units being sold to outside customers 200,000 160,000 selling price per unit to outside customers $ 90 $ 75 variable costs per unit $ 70 $ 60 fixed costs per unit (based on capacity) $ 13 $ 8 division y: number of units needed for production 40,000 40,000 purchase price per unit now being paid to an outside supplier $ 86 $ 74 required: 1. refer to the data in case a above. assume in this case that $3 per unit in variable selling costs can be avoided on intracompany sales. a. what is the lowest acceptable transfer price from the perspective of the selling division? b. what is the highest acceptable transfer price from the perspective of the buying division? c. what is the range of acceptable transfer prices (if any) between the two divisions? if the managers are free to negotiate and make decisions on their own, will a transfer probably take place?