Answer:
$20,000 Favorable
Explanation:
As for the provided information, we have:
Sales Volume Variance is defined as the variance arising due to difference in sales quantity based on standard price.
Formula for the above = (Actual Sales - Budgeted Sales) Standard Price
= (5,500 - 5,000) $40
= $20,000
This variance shall be categorized as favorable, as the actual sales quantity is more than the static budgeted quantity.
Therefore, Sales Volume Variance = $20,000 Favorable
<span>Answer: Professor Marvel , the fortune teller.
Explanation: Dorothy wants to leave the farm to a far off place. She meets the fortune teller Professor Marvel down the road. The new location was not that far way which is the secondary key area as compared to the farm which is the tonic key.</span>
Answer:
Target unitary cost= $30
Explanation:
Giving the following information:
Selling price= $62 per unit
Desired profit= $32 per unit
<u>To calculate the target unitary cost, we need to use the following formula:</u>
Target unitary cost= selling price - desired profit
Target unitary cost= 62 - 32
Target unitary cost= $30
The optimal output of a public good occurs where The marginal benefit of the consumer who values the good most should equal the marginal cost of the good.
<h3>What is the meaning of marginal benefits?</h3>
The marginal benefit is the maximum amount of money a customer is willing to pay for a new product or service. With more consumption, consumer satisfaction tends to decline.
For example, if a customer is prepared to spend $5 for ice cream, the ice cream's marginal benefit is $5.
Thus, option C is correct.
For more details about marginal benefits click here
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Answer:
False
Explanation:
Buying coke by Glenn is an habit because he does not have to think before doing it. He does not even try to consider alternatives which could be as a result of his total satisfaction from coke. Habitual decisions need little to no conscious effort (reasoning) to make.
Cheers.