Superior guard, which used a standard cost accounting system, manufactured 220,000 boat fenders during the year, using 1 comma 370,000 feet of extruded vinyl purchased at $ 1.25 per foot. production required 4,300 direct labor hours that cost $ 12.50 per hour. the materials standard was 6 feet of vinyl per fender at a standard cost of $ 1.35 per foot. the labor standard was 0.022 direct labor hour per fender at a standard cost of $ 12.00 per hour. complete the costs and efficiency variances for direct materials and direct labor. does the pattern of variances suggest pro fender's managers have been making trade-offs? explain.

Andrew cooper decides to become a part owner of a corporation. as a part owner, he expects to receive a profit as payment because he has assumed the risk of - serious inflation eroding the purchasing power of his investment.- being paid before the suppliers and employees are paid.- losing his home, car, and life savings.- losing the money he has invested in the corporation and not receiving profits.- the company giving all of the profits to local communities

Colah company purchased $1.8 million of jackson, inc. 8% bonds at par on july 1, 2018, with interest paid semi-annually. when the bonds were acquired colah decided to elect the fair value option for accounting for its investment. at december 31, 2018, the jackson bonds had a fair value of $2.08 million. colah sold the jackson bonds on july 1, 2019 for $1,620,000. the purchase of the jackson bonds on july 1. interest revenue for the last half of 2018. any year-end 2018 adjusting entries. interest revenue for the first half of 2019. any entry or entries necessary upon sale of the jackson bonds on july 1, 2019. required: 1. prepare colah's journal entries for above transaction.

How do communism and socialism differ in terms of the role that government plays in the economy ?