Owen's Furniture manufactures a small table and a large table. The small table sells for $900, has variable costs of $550 per table, and takes 10 direct labor hours to manufacture. The large table sells for $1,600, has variable costs of $970, and takes eight direct labor hours to manufacture. The company has a maximum of 5,000 direct labor hours per month when operating at full capacity. If there are no constraints on sales of either of the products and the company could choose any proportions of product mix that they wanted, the maximum contribution margin that the company could earn will be ________.

Which of the following statements regarding exit strategies is FALSE?

A) An alternative way to provide liquidity to its investors is for the company to become a publicly traded company. B) An important consideration for investors in private companies is their exit strategy or how they will eventually realize the return from their investment. C) Often large corporations purchase successful start-up companies. In such a case, the acquiring company purchases the outstanding stock of the private company, allowing all investors to cash out. D) Roughly 25% of venture capital exits from 2002-2012 occurred through mergers or acquisitions.

The Perry Corporation recorded the following budgeted and actual information relating to fixed overhead costs for its Z-Line of products:

Standard fixed overhead per direct labor hour $4.50 Standard direct labor hours per unit 0.25 Budgeted production 3,250 Budgeted fixed overhead costs $3,656.25 Actual production in units 3,400 Actual fixed overhead costs incurred $2,900.00 What is Perry's fixed manufacturing overhead budget variance? A) $756.25 unfavorable B) $168.75 unfavorable C) $756.25 favorable D) $168.75 favorable