Jackson industries uses a standard cost system in which direct materials inventory is carried at standard cost. jackson has established the following standards for one unit of product. during may, jackson purchased 125,000 pounds of direct material at a total cost of $475,000. the total factory wages for may were $364,000, 90 percent of which were for direct labor. jackson manufactured 22,000 units of product during may using 108,000 pounds of direct material and 28,000 direct labor-hours. standard quantity standard price/rate standard cost direct material 5 pounds 3.60 per pound 18.00 direct labor 1.25 hours 12 per hour 15.00 direct labor price variance is

1. 8400 f
2. 7200 u
3. 6000 f
4. none are correct

You've arrived at the pecan shellers conference—your first networking opportunity. naturally, you're feeling nervous, but to avoid seeming insecure or uncertain, you've decided to a. speak a little louder than you would normally. b. talk on your cell phone as you walk around. c. hold an empowered image of yourself in your mind. d. square your shoulders before entering the room.

Suppose the production function in an economy is y = k0.5l0.5, where k is the amount of capital and l is the amount of labor. the economy begins with 64 units of capital and 16 units of labor. use a calculator and equations in the chapter to find a numerical answer to each of the following questions. what are the wage and the rental price of capital? the wage is equal to unit(s) of output and the rental price of capital is equal to unit(s) of output.

Sailcloth & more currently produces boat sails and is considering expanding its operations to include awnings for homes and travel trailers. the company owns land beside its current manufacturing facility that could be used for the expansion. the company bought this land 5 years ago at a cost of $319,000. at the time of purchase, the company paid $24,000 to level out the land so it would be suitable for future use. today, the land is valued at $295,000. the company has some unused equipment that it currently owns valued at $38,000. this equipment could be used for producing awnings if $12,000 is spent for equipment modifications. other equipment costing $490,000 will also be required. what is the amount of the initial cash flow for this expansion project?