Answer:
Choosing the correct program, using college resources, attending your classes, and doing well in assignments and exams.
Answer:
Material price variance <u>2830 unfavorable
</u>
Explanation:
Material price variance
<em>A material price variance occurs where materials are purchased at a price either lower or higher than the standard price. A favourable variance is recorded where the actual total cost of materials is lower that the standard cost. While an adverse variance implies the opposite
</em>
Standard material cost of 2 $
28,300 grams should have cost (28,300×$6.90) = 195270
but did cost (actual cost - 28,300×$7.00)= 1<u>98100
</u>
Material price variance <u> 2830 unfavorable</u>
<u />
Answer:
The correct option is : b. When volume increases, but at a nonconstant rate.
Explanation:
Curvilinear costs is a type of expense that <u>does not increase at a constant rate with the production volume.</u> It tends to have a sudden increase at low production volumes, then remains constant in the middle and then increases at high production volumes.
The curvilinear costs does not increase linearly with the production. Therefore, curvilinear cost is also called a nonlinear cost.
<u>Therefore, curvilinear costs always increase at a nonconstant rate with the increase in the production volume.</u>
Answer:
Author, year of publication, title of the article, journal, page number and volume/issue number
Explanation:
Citation of journal articles used to develop any report is very important. As a matter of policy worldwide, the refusal to cite a used document is referred to as plagiarism and it has quite dire repercussions in most academic and professional spheres.
The following components are typically included in citing a journal
1) The Authors/ writers of the journal article, this could include their affiliations such as
2) the Year of publication: an author can write very similar articles and may only be distinguished by factors such as the year.
3) The title of the article - important to distinguish and easy to refer to
4) The Journal that published the article
5) The page number (s) from the journal that published the article for easy reference where the journal has multiple publications
6) Volume/issue number of the journal that published the article.
Answer:
Cross Price Elasticity of Demand is a measure of the complimentary or substitutional nature of two goods. It enables one to know if goods go together or are replacements for each other.
When the Cross Price Elasticity is Positive then both of the goods are Substitutes.
This is because when the price of one increased, some people abandoned it and went to the other one which then increased the demand of the latter.
If the Cross Price Elasticity is negative then both the goods are compliments because when the price of one increased, people decided to stop buying it and because the other good is a compliment (goes together) people didn't buy the latter either thereby reducing its demand.
The formula for Cross Price Elasticity is,
= % Change in Quantity Demanded of Good A / % Change in price of Good B
<u>Guppy Gummies and Frizzles. </u>
= -4%/ 5%
= - 0.8%
Cross Price Elasticity is Negative so they are Compliments.
It IS RECOMMENDED to market Frizzles with Guppy Gummies.
<u>Guppy gummies and Mookies</u>
= 5% / 5%
= 1
Cross Price Elasticity is positive so these are Substitutes.
It is therefore NOT recommended to market Mookies with Guppy Gummies.
