The actual cost of direct materials is $10.50 per pound. The standard cost per pound is $10.25. During the current period, 9,100 pounds of direct materials were used in production and 17,500 pounds were purchased. The standard quantity of direct materials for actual units produced is 17,300 pounds. How much is the direct materials quantity variance?

Why is it easier for new entrants to get involved in radical innovations when compared to incumbent firms? a. unlike incumbent firms, new entrants do not have to face the high entry barriers, initially. b. new entrants are embedded in an innovation ecosystem, while incumbent firms are not. c. unlike incumbent firms, new entrants do not have formal organizational structures and processes. d. incumbent firms do not have the advantages of network effects that new entrants have.