A company’s flexible budget for last month shows that actual indirect materials cost, an overhead variable cost, was $31,178, and that the rate variance for indirect materials cost was $2,261 unfavorable. The company uses machine hours as its cost-allocation base for allocating manufacturing overhead. During that month, the company worked 11,900 machine-hours. Budgeted activity for the month had been 12,200 machine-hours. What must have been the standard rate per machine-hour for indirect materials?

1. which one of the following would be an example of a supply-side market failure? a. a gas station is slowly leaking diesel fuel from its underground tanks, and after the leak is discovered, the business immediately cleans up the pollution at its own expense. b. a gas station is slowly leaking diesel fuel from its underground tanks, but the state uses taxpayer money to clean up the pollution rather than requiring the business to pay. c. your business wants to attract repeat customers by putting on a customer-appreciation picnic at a public park, but you decide not to because you couldn't prevent noncustomers from consuming the food and entertainment you provided. d. everyone rushes to the local retail outlet at midnight on the day of the release of a new video game console, and the store runs out before everyone is able to buy one.