The following materials standards have been established for a particular product: standard quantity per unit of output 1.7 meters standard price $19.80 per meter. the following data pertain to operations concerning the product for the last month: actual materials purchased 5,800 meters. actual cost of materials purchased $ 113,680 actual materials used in production 5,100 meters actual output 3200 units what is the materials price variance for the month?

Lambert manufacturing has $100,000 to invest in either project a or project b. the following data are available on these projects (ignore income taxes.): project a project b cost of equipment needed now $100,000 $60,000 working capital investment needed now - $40,000 annual cash operating inflows $40,000 $35,000 salvage value of equipment in 6 years $10,000 - both projects will have a useful life of 6 years and the total cost approach to net present value analysis. at the end of 6 years, the working capital investment will be released for use elsewhere. lambert's required rate of return is 14%. the net present value of project b is: