If a company has an unfavorable direct-material quantity variance, then any other above variance can occur.
The above judgment was made for the reason that variances are independent of direct material quantity variance and that all calculations are different. Because the total variance may be favorable or unfavorable, we also know that the total direct material variation is the sum of the material quantity and price variance. Direct labor efficiency variance in option (d) does not relate to material variance.
<h2>
What is unfavorable materials quantity variance?</h2>
Excessive usage of direct materials is indicated by a negative materials quantity variance. There are a variety of causes for the excessive use of direct materials, some of which include: purchase of inferior or inappropriate materials. recurring electricity outages (wastage may occur due to unscheduled stop and start of machinery and equipment)
<h2>Who is responsible for the direct materials price variance?</h2>
The production manager is in charge of monitoring excessive material usage. However, the purchasing department would be held accountable for the variation if the purchase manager made low-quality purchases to reduce the direct materials price disparity.
Learn more about material quality variance
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Answer:
0.34,
Explanation:
% change in qty = { (90-70) / [(90+70)/2} *100 = 25%
% chnage in price = { (7-15) / [(7+15)/2} *100 = -72.73%
PRICE ELA OF DEMAND = CHANGE IN QTY/ CHANGE IN PRICE
PRICE ELA OF DEMAND = 25/72.73 = 0.343
an increase in price from $7.00 to $15.00 results in an increase in total revenue.
Answer: b. the European and Asian Foreign Equity index.
Explanation:
The EAFE index is for countries in the European, Australian and Asian markets as well as the Middle East. It is hailed as the oldest index covering international markets.
This index covers over 900 small to medium cap stocks in 21 countries in the EAFE zone making it one of the largest of its kind that does not contain US stock.
Answer:
Consumer behaviour is the study of individuals, groups, or organizations and all the activities associated with the purchase, use and disposal of goods and services, and how the consumer's emotions, attitudes and preferences affect buying behaviour
Nontariff Barrier
Two common ways to hinder foreign competition are through the use of tariffs or quotas but in this case, they are using a set of requirements or standards to make it difficult for foreign competition to compete.