Afarmer produces corn, which is valued at $0.75. the corn is then sold to a miller, who turns it into cornmeal, which is valued at $1.50. the miller then sells the cornmeal to a bakery, which uses it to make muffins, valued at $3.00. finally, the bakery sells the muffins to a grocery store, where it is sold to a consumer for $6.00.

firm value added ($)
farmer ( )
miller ( )
baker ( )
grocery store ( )
total value added to gdp ( )

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: