Q1) Rizzi Co. is growing quickly. Dividends are expected to increase at a 25 percent rate for next 3 years, where as growth rate falling off to constant 8% thereafter. If required return is 11 percent and company just paid a $3.50 dividend, present share price is $_____.
Q2) Last month 22,000 pounds of material were bought and 18,000 pounds were used. If actual cost per pound of material was $.60 less than standard price then material price variance was?