Superior guard, which used a standard cost accounting system, manufactured 220,000 boat fenders during the year, using 1 comma 370,000 feet of extruded vinyl purchased at $ 1.25 per foot. production required 4,300 direct labor hours that cost $ 12.50 per hour. the materials standard was 6 feet of vinyl per fender at a standard cost of $ 1.35 per foot. the labor standard was 0.022 direct labor hour per fender at a standard cost of $ 12.00 per hour. complete the costs and efficiency variances for direct materials and direct labor. does the pattern of variances suggest pro fender's managers have been making trade-offs? explain.

Suppose the number of firms you compete with has recently increased. you estimated that as a result of the increased competition, the demand elasticity has increased from –2 to –3 (i. e., you face more elastic demand). you are currently charging $10 for your product. what is the price that you should charge if demand elasticity is -3?

Alandowner entered into a written agreement with a real estate broker whereby the broker would receive a commission of 10% of the sale price if he procured a "ready, willing, and able buyer" for the landowner's property and if the sale actually proceeded through closing. the broker found a buyer who agreed in writing to buy the property from the landowner for $100,000, the landowner's asking price. the buyer put up $6,000 as a down payment. the agreement between the landowner and the buyer contained a liquidated damages clause providing that, if the buyer defaulted by failing to tender the balance due of $94,000 at the closing date, damages would be 10% of the purchase price. the landowner included that clause because she was counting on using the proceeds of the sale for a business venture that would likely net her at least $10,000. the buyer became seriously ill and defaulted. when he recovered, he demanded that the landowner return his $6,000, and the landowner refused. the broker also demanded the $6,000 from the landowner and was refused. the broker and the buyer filed separate suits against the landowner, with the buyer pleading impossibility of performance. the two cases are consolidated into a single case. how should the court rule as to the disposition of the $6,000?

Acompany factory is considered which type of resource a. land b. physical capital c. labor d. human capital