The second largest public utility in the nation is the sole provider of electricity in 32 counties of southern florida. to meet the monthly demand for electricity in these counties, which is given by the inverse demand function p = 1,200 – 4q, the utility company has set up two electric generating facilities: q1 kilowatts are produced at facility 1, and q2 kilowatts are produced at facility 2 (so q = q1 + q2). the costs of producing electricity at each facility are given by c1(q1) = 8,000 + 6q12 and c2(q2) = 6,000 + 3q22, respectively. determine the profit-maximizing amounts of electricity to produce at the two facilities, the optimal price, and the utility company’s profits.

Oceanside marine company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. oceanside uses standard costs to prepare its flexible budget. for the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: direct materials: 2 pound per unit; $ 11 per pound direct labor: 2 hours per unit; $ 19 per hour oceanside produced 2 comma 000 units during the quarter. at the end of the quarter, an examination of the direct materials records showed that the company used 7 comma 500 pounds of direct materials and actual total materials costs were $ 98 comma 100. what is the direct materials cost variance? (round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)

If jobs have been undercosted due to underallocation of manufacturing overhead, then cost of goods sold (cogs) is too low and which of the following corrections must be made? a. decrease cogs for double the amount of the underallocation b. increase cogs for double the amount of the underallocation c. decrease cogs for the amount of the underallocation d. increase cogs for the amount of the underallocation

Based on what you learned about time management which of these statements are true