Suppose a basket of goods and services has been selected to calculate the cpi and 2012 has been selected as the base year. in 2012, the basket's cost was $77; in 2013, the basket's cost was $82; and in 2014, the basket's cost was $90. the value of the cpi in 2014 was 109.8 and the inflation rate was 16.9%. 116.9 and the inflation rate was 9.8%. 109.8 and the inflation rate was 9.8%. 116.9 and the inflation rate was 16.9%

The government often provides goods that are nonrivalrous and nonexclusive to overcome which market failure

Agood for which demand increases as income rises is and a good for which demand increases as income falls is

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.)