Your firm has a credit rating of A. You notice that the credit spread for five-year maturity A debt is 85 basis points (0.85 % ). Your firm's five-year debt has an annual coupon rate of 6.5 %. You see that new five-year Treasury notes are being issued at par with an annual coupon rate of 1.9 %. What should be the price of your outstanding five-year bonds?

Doogan corporation makes a product with the following standard costs: standard quantity or hours standard price or rate direct materials 2.0 grams $ 7.00 per gram direct labor 1.6 hours $ 12.00 per hour variable overhead 1.6 hours $ 6.00 per hour the company produced 5,000 units in january using 10,340 grams of direct material and 2,320 direct labor-hours. during the month, the company purchased 10,910 grams of the direct material at $7.30 per gram. the actual direct labor rate was $12.85 per hour and the actual variable overhead rate was $5.80 per hour. the company applies variable overhead on the basis of direct labor-hours. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for january is: