Answer:
A. True.
Explanation:
One of the direct implementation for this categorization can be seen if you go to your supermarket. Supermarkets tend to categorize their product in a way that resulted in the most sales.
In order to achieve this, they tend to lined up the most popular brands on a place that's close to costumers' eye level on the shelf. The less popular brand will be place on top or lower part of the shelf that's a little bit harder to see.
Adam Smith, and Invisible hand. hope this helps!
There are four types of money included in the M2.
Answer:
Material Quantity Variance= $ 3240 Unfavorable
Explanation:
Given
Standard Quantity Direct materials 5.8 ounces
Standard Price$ 3.00 per ounce * 5.8= $ 17.40
Actual output 3,400 units
Raw materials used in production 20,800 ounces
Purchases of raw materials 21,900
Working
Standard Material required for 3,400 units
*5.8= 19720 ounces.
Standard Price for 19720 ounces* 3= $ 59160
Material Quantity Variance= (Standard Price * Actual Quantity)-(Standard Price * Standard Quantity)
Material Quantity Variance= 3*20,800 - (3* 19720)
Material Quantity Variance= $62400- $ 59160= $ 3240 Unfavorable
It is unfavorable because the actual quantity used is more than the standard usage.
