In accounting i dont ! 1. setting standards for a product may involve many employees of the company. identify some of the employees who may be involved in setting the standard costs and describe what their role might be in setting those standards. 2. smithson, inc. is manufacture of lead crystal glasses. the standard materials quantity is 0.9 pound per glass at a price of $0.45 per pound. the actual results for the production is 7,100 glasses were 1.3 pounds per glass at a price of $0.55 per pound. calculate the materials price variance and the materials efficiency variance. 3. the standard direct labor time is 1/4 hour per glass, at a price of $15.00 per hour. the actual results for the production of 6,800 glasses were 1/3 hour per glasses, at a price of $14.00 per hour. calculate the labor price variance and the labor efficiency variance.

You are the manager of a firm that produces output in two plants. the demand for your firm's product is p = 20 − q, where q = q1 + q2. the marginal costs associated with producing in the two plants are mc1 = 2 and mc2 = 2q2. how much output should be produced in plant 1 in order to maximize profits?

What part of the rational model of decision-making does the former business executive “elliott” have a problem completing?

Afirm wants to hire a project manager (pm) at a salary of $100,000. 30% of pms have high ability, and 70% of pms have low ability. high ability pms generate $120,000 in revenue and low ability pms generate $80,000 in revenue. in addition to differences in productivity, high and low ability pms have different outside offers. if a high ability pm is not hired by the firm, she can work for another company at a salary of $80,000. if the low ability pm is not hired by the firm, she can work for another company for $70,000. high ability pms are also able to get a project management professional (pmp) certification at a cost of $1,000. low ability pms are unable to get a pmp certification (they would fail the test). the firm is not able to observe a pm’s ability, but is able to observe and verify whether or not the pm has a pmp certificate.(a) draw the extensive form of the game.expert answer