What are antitrust laws? Laws meant to eliminate collusion and promote competition among firms. Laws meant to protect businesses from unfair treatment from consumers. Legislation enacted to prevent the encroachment of government into the private sector. Laws governing the management of state-owned enterprises. Identify the first antitrust law and its purpose. The Robinson-Patman A

Turrubiates corporation makes a product that uses a material with the following standards standard quantity 8.0 liters per unit standard price $2.50 per liter standard cost $20.00 per unit the company budgeted for production of 3,800 units in april, but actual production was 3,900 units. the company used 32,000 liters of direct material to produce this output. the company purchased 20,100 liters of the direct material at $2.6 per liter. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for april is: