Vandelay industries manufactures a range of latex products. vandelay recently purchased new equipment to manufacture latex gloves for the medical community. the new machinery leases for $70,000 annually and can produce 10,000 pairs of gloves each day. the raw latex material for each pair of gloves costs $.03 and vandelay sells the gloves at a wholesale price of $.10 a pair. currently, sales are 2,500,000 annually. what is the profit on the gloves if the machinery lease is the only fixed cost considered?

a. $250,000
b. $175,000
c. $105,000
d. $75,000

Which of the following best describes why you need to establish goals for your program?

Scenario: you have advised the owner of bond's gym that the best thing to do would be to raise the price of a monthly membership. the owner wants to know what may happen once this price increase goes into effect. what will most likely occur after the price of a monthly membership increases? check all that apply. current members will pay more per month. the quantity demanded for memberships will decrease. the number of available memberships will increase. the owner will make more money. bond's gym will receive more membership applications.

Bandar industries berhad of malaysia manufactures sporting equipment. one of the company’s products, a football helmet for the north american market, requires a special plastic. during the quarter ending june 30, the company manufactured 35,000 helmets, using 22,500 kilograms of plastic. the plastic cost the company $171,000. according to the standard cost card, each helmet should require 0.6 kilograms of plastic, at a cost of $8 per kilogram. 1. what is the standard quantity of kilograms of plastic (sq) that is allowed to make 35,000 helmets? 2. what is the standard materials cost allowed (sq x sp) to make 35,000 helmets? 3. what is the materials spending variance? 4. what is the materials price variance and the materials quantity variance?