The Basket Co. produces intricate baskets. The direct materials and direct labor standards for one basket is as follows:

Standard Quantity of Hours Standard Rate or Cost Standard Cost per Basket
Direct Materials 2 meters of plastic $2.00/meter $4.00
Direct Labour 1.5 hours $12/hour $18
Variable Overhead 1.5 hours $4/direct labour hour $6

The budgeted fixed overhead is $10,000. The allocation base is direct labour hours which was estimated to be 2,100 hours.

During the most recent month, the following activity was recorded:
The company purchased 4,000 meters of plastic during the month at a total cost of $7,600. The company used 3,000 meters of the purchased plastic to make 1,400 baskets during the month.

Direct labor costs totaled $25,480 for hours worked of 1,960.

Overhead costs included $7,448 of variable overhead and $10,500 of fixed overhead.
a. Compute the direct materials price variance. Indicate if it favorable (F) or unfavorable (U).
b. Compute the direct materials quantity variance. Indicate if it is favorable (F) or unfavorable (U).

Which statement below best describes george waring's approach to solving the problems of water-borne illness? a. waring is going with his "gut," because he believes that instincts and emotions are the best guides for action. b. waring efficiently and thoroughly lays out the case for why the problems are too large and overwhelming to be solved: people should just move out of cities back to their farms. c. waring has gathered the testimonies of people who live in densely populated areas in order to learn how they themselves have solved their problems. d. waring exhibits the industrial age's increased respect for and reliance on science and the scientific method.

In december of 2004, the company you own entered into a 20-year contract with a grain supplier for daily deliveries of grain to its hot dog bun manufacturing facility. the contract called for "10,000 pounds of grain" to be delivered to the facility at the price of $100,000 per day. until february 2017, the supplier provided processed grain which could easily be used in your manufacturing process. however, no longer wanting to absorb the cost of having the grain processed, the supplier began delivering whole grain. the supplier is arguing that the contract does not specify the type of grain that would be supplied and that it has not breached the contract. your company is arguing that the supplier has an onsite processing plant and processed grain was implicit to the terms of the contract. over the remaining term of the contract, reshipping and having the grain processed would cost your company approximately $10,000,000, opposed to a cost of around $1,000,000 to the supplier. after speaking with in-house counsel, it was estimated that litigation would cost the company several million dollars and last for years. weighing the costs of litigation, along with possible ambiguity in the contract, what are three options you could take to resolve the dispute? which would be the best option for your business and why?

Which of the following services will be provided by a full-service broker but not by a discount broker? i. research of potential investment opportunities ii. purchase and sale of stock at your request iii. recommendation of investments a. i and iii b. ii only c. iii only d. i, ii, and ii