You are attempting to value a call option with an exercise price of $130 and one year to expiration. The underlying stock pays no dividends, its current price is $130, and you believe it has a 50% chance of increasing to $155 and a 50% chance of decreasing to $105. The risk-free rate of interest is 8%. Based upon your assumptions, calculate your estimate of the call option's value using the two-state stock price model.

Doogan corporation makes a product with the following standard costs: standard quantity or hours standard price or rate direct materials 2.0 grams $ 7.00 per gram direct labor 1.6 hours $ 12.00 per hour variable overhead 1.6 hours $ 6.00 per hour the company produced 5,000 units in january using 10,340 grams of direct material and 2,320 direct labor-hours. during the month, the company purchased 10,910 grams of the direct material at $7.30 per gram. the actual direct labor rate was $12.85 per hour and the actual variable overhead rate was $5.80 per hour. the company applies variable overhead on the basis of direct labor-hours. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for january is: