Acompany provided the following direct materials cost information. compute the total direct materials cost variance. standard costs assigned: direct materials standard cost (421,000 units @ $2.00 / unit) $ 842,000 actual costs: direct materials costs incurred (419,750 units @ $2.20 / unit) $ 923,450

scenario: hawaii and south carolina are trading partners. hawaii has an absolute advantage in the production of both coffee and tea. the opportunity cost of producing 1 pound of tea in hawaii is 2 pounds of coffee, and the opportunity cost of producing 1 pound of tea in south carolina is 1/3 pound of coffee. which of the following statements is true? a. south carolina should specialize in the production of both tea and coffee. b. hawaii should specialize in the production of tea, whereas south carolina should specialize in the production of coffee. c. hawaii should specialize in the production of coffee, whereas south carolina should specialize in the production of tea. d. hawaii should specialize in the production of both tea and coffee.