Afactory produces blue and green widgets, both at equal production costs. in one day, the factory can make 20 widgets of either color. the factory has been making 10 blue and 10 green widgets per day because they both sell for $5.00. recently, the price of blue widgets has increased from $5.00 each to $8.00 each. how does the law of supply say the factory will respond to the increase in the price of blue widgets?

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: