Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours Standard Price or Rate Standard Cost
Direct materials 6.40 pounds $1.70per pound $10.88
Direct labor 0.40hours $14.00per hour $5.60

During the most recent month, the following activity was recorded:

a. 18,500.00 pounds of material were purchased at a cost of $1.40 per pound.
b. All of the material purchased was used to produce 2,500 units of Zoom.
c. 800 hours of direct labor time were recorded at a total labor cost of $13,600.

Required:
a. Compute the materials price and quantity variances for the month.
b. Compute the labor rate and efficiency variances for the month.

1. the political environment in india has proven to be critical to company performance for both pepsico and coca-cola india. what specific aspects of the political environment have played key roles? could these effects have been anticipated prior to market entry? if not, could developments in the political arena have been handled better by each company? 2. timing of entry into the indian market brought different results for pepsico and coca-cola india. what benefits or disadvantages accrued as a result of earlier or later market entry? 3. the indian market is enormous in terms of population and geography. how have the two companies responded to the sheer scale of operations in india in terms of product policies, promotional activities, pricing policies, and distribution arrangements? 4. “global localization” (glocalization) is a policy that both companies have implemented successfully. give examples for each company from the case.