Use the following information for the Quick Study below. [The following information applies to the questions displayed below.]
Mosaic Company applies overhead using machine hours and reports the following information.
Actual machine hours used (AH) 5,500 hours
Standard machine hours (for actual production) (SH) 6,100 hours
Actual variable overhead rate per hour (AVR) $ 4.55
Standard variable overhead rate per hour (SVR) $ 4.35
Total variable overhead cost variance
Compute the total variable overhead cost variance and classify it as favorable, unfavorable or no variance.

Suppose there are three types of consumers who attend concerts at your university’s performing arts center: students, staff, and faculty. each of these groups has a different willingness to pay for tickets; within each group, willingness to pay is identical. there is a fixed cost of $1,000 to put on a concert, but there are essentially no variable costs. for each concert: i. there are 140 students willing to pay $20. (ii) there are 200 staff members willing to pay $35. (iii) there are 100 faculty members willing to pay $50. a) if the performing arts center can charge only one price, what price should it charge? what are profits at this price? b) if the performing arts center can price discriminate and charge two prices, one for students and another for faculty/staff, what are its profits? c) if the performing arts center can perfectly price discriminate and charge students, staff, and faculty three separate prices, what are its profits?