The Hinges Division of Altoona Corporation sells 116,000 units of part Z-25 to the outside market. Part Z-25 sells for $112 and has a variable cost per unit of $58 and a fixed cost per unit of $10. The Hinges Division has a capacity to produce 190,000 units per period. The Door Division currently purchases 46,000 units of part Z-25 from the Hinges Division for $76. The Door Division has been approached by an outside supplier willing to supply the parts for $72. If Altoona uses a negotiated transfer pricing system, what is the minimum transfer price that should be charged for this transaction?

TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. TaskMaster has established the following standards for the prime costs of one unit of product. Standard Standard Standard Quantity Price Cost Direct Materials 7 pounds $ 1.90 per pound $13.30 Direct Labor 0. 25 hour $10.00 per hour 2.50 $15.80 During November, TaskMaster purchased 126,000 pounds of direct materials at a total cost of $277,200. The total factory wages for November were $46,000, 90% of which were for direct labor. TaskMaster manufactured 17,000 units of product during November using 105,000 pounds of direct materials and 6,000 direct labor hours. What is the direct materials efficiency variance for November