Genent industries, inc. (gii), developed standard costs for direct material and direct labor. in 2017, gii estimated the following standard costs for one of their major products, the 30minusgallon heavyminusduty plastic container. budgeted quantity budgeted price direct materials 0.3 pounds $ 50 per pound direct labor 0.6 hours $ 11 per hour during july, gii produced and sold 3 comma 000 containers using 1 comma 000 pounds of direct materials at an average cost per pound of $ 46 and 1 comma 850 direct manufacturing labor hours at an average wage of $ 11.40 per hour. the direct manufacturing labor efficiency variance during july is

Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan