The Herfindahl-Hirschman index is a measure of concentration found by: squaring the percentage market share of each firm in the industry. squaring the sums of the concentration ratios found in an industry survey of the largest four and largest eight firms. squaring the percentage market share of each firm in the industry and then summing the squared market shares. summing the percentage market shares of each firm in the industry.

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: