Chillco Corporation produces containers of frozen food. During April, Chillco produced 765 cases of food and incurred the following actual costs.

Variable overhead $ 6,500
Fixed overhead 13,200
Actual labor cost (5,500 direct-labor hours) 104,500
Actual material cost (24,000 pounds purchased and used) 81,600

Overhead is budgeted and applied using direct-labor hours in a standard costing system. Standard cost and annual budget information are as follows:

Standard Costs per Case
Direct labor (5 hours at $18 per hour) $ 90.00
Direct material (30 pounds at $3.00 per pound) 90.00
Variable overhead (5 direct-labor hours at $1.70 per hour) 8.50
Fixed overhead (5 direct-labor hours at $3 per hour) 15.00
Total $ 203.50
Annual Budget Information Variable overhead $ 85,000
Fixed overhead $ 150,000
Planned activity for year 50,000 direct-labor hours

Compute the following cost variances from the available data.
a. Direct materials price variance
b. Direct materials purchase price variance

Needs to schedule the staffing of the center. it is open from 8am until midnight. larry has monitored the usage of the center at various times of the day and determined that the following number of computer consultants are required: time of dayminimum number of consultants required to be on duty8 am-noon4noon-4 pm84pm-8pm108pm-midnight6 two types of computer consultants can be hired: full-time and part-time. the full- time consultants work for eight consecutive hours in any of the shifts: morning (8am- 4pm), afternoon (noon-8pm) and evening (4pm-midnight). full-time consultants are paid $14 per hour. part-time consultants can be hired to work any of the four shifts listed in the table. part-time consultants are paid $12 per hour. an additional requirement is that during every time period, there must be at least two full-time consultants on duty for every part-time consultant on duty. larry would like to determine how many full-time and part-time consultants should work each shift to meet the above requirements at the minimum possible cost. formulate this as an lp problem. you must define your variables clearly

Acompany using the perpetual inventory system purchased inventory worth $540,000 on account with credit terms of 2/15, n/45. defective inventory of $40,000 was returned 2 days later, and the accounts were appropriately adjusted. if the company paid the invoice 20 days later, the journal entry to record the payment would be

Evaluate a real situation between two economic actors; it could be any scenario: two competing businesses, two countries in negotiations, two kids trading baseball cards, you and another person involved in an exchange or anything else. use game theory to analyze the situation and the outcome (or potential outcome). be sure to explain the incentives, benefits and risks each face.