After a government implements a voucher program, granting funds that families can spend at schools of their choice, numerous students in public schools switch to private schools. parents' and students' valuations of the services provided at both private and public schools adjust to equality with the true market price of educational services. is anyone likely to lose out nonetheless? if so, who?

Levine inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. direct materials (9 pounds at $1.80 per pound) $16.20 direct labor (6 hours at $14.00 per hour) $84.00 during the month of april, the company manufactures 270 units and incurs the following actual costs. direct materials purchased and used (2,500 pounds) $5,000 direct labor (1,660 hours) $22,908 compute the total, price, and quantity variances for materials and labor.