Piechoki corporation manufactures and sells a single product. the company uses units as the measure of activity. during may the company budgeted for 7100 units but the level of activity was 7050 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for October: Data used in budgeting Fixed element per month Variable element per unit
Revenue 0 $34.80
Direct labor $0 $6.80
Direct materials 0 13.30
Manufacturing overhead 30.000 2.30
Selling and administrative expenses 26,100 0.80
Total expenses 56,100 23.20

Actual results for October:

Revenue $253,600
Direct labor $48,970
Direct materials $98,250
Manufacturing overhead $46,500
Selling and administrative expenses $30,530

The activity variance for direct labor in October would be closest to:

a. $340 F
b. $670 U
c. $340 U
d. $670 F

Panera bread is a chain of cafes serving sandwiches, soups, and freshly baked breads. the company began in 1981 with stores primarily located along the east coast of the united states. since then, the firm has expanded to over 1,300 locations throughout the united states and canada. the firm has strong earnings and has been designated by business week as a "significant growth company." panera bread executives are considering the idea of expanding globally by opening cafes in asia through a franchising strategy. which of the following, if true, supports the argument that panera bread should expand into asia through franchising? a: the panera bread menu changes rapidly, and each cafe's artisan bread bakers receive regular training on new recipes. b: panera bread executives want fast access to the asian market without a significant investment of capital. c: panera bread executives want to test the asian market with a short-term commitment that allows them to make quick profits. d: the panera bread mission is to make excellent bread available to customers around the world.

Why do police officers get paid less than professional baseball players?

Microsoft's stock price peaked at 6118% of its ipo price more than 13 years after the ipo suppose that $10,000 invested in microsoft at its ipo price had been worth $600,000 (6000% of the ipo price) after exactly 13 years. what interest rate, compounded annually, does this represent? (round your answer to two decimal places.)