An unfavorable price variance occurs because of A. Price increases on raw materials. B. Price decreases on raw materials. C. Less than anticipated levels of waste in the manufacturing process. D. More than anticipated levels of waste in the manufacturing process.

Marcus nurseries inc.'s 2005 balance sheet showed total common equity of $2,050,000, which included $1,750,000 of retained earnings. the company had 100,000 shares of stock outstanding which sold at a price of $57.25 per share. if the firm had net income of $250,000 in 2006 and paid out $100,000 as dividends, what would its book value per share be at the end of 2006, assuming that it neither issued nor retired any common stock?