A review of the December 31, 2021, financial statements of Page Company revealed the following items: (1) Depreciation for 2020 was understated by $150,000 (2) The inventory at December 31, 2018 was overstated by $200,000. (3) During 2021, several factories were shut down during a major strike by employees, resulting in a loss of $125,000. Assuming a 30% tax rate, the effect of these events and transactions on 2021 income from continuing operations net of tax would be?

Turrubiates corporation makes a product that uses a material with the following standards standard quantity 8.0 liters per unit standard price $2.50 per liter standard cost $20.00 per unit the company budgeted for production of 3,800 units in april, but actual production was 3,900 units. the company used 32,000 liters of direct material to produce this output. the company purchased 20,100 liters of the direct material at $2.6 per liter. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for april is: