If the materials price variance is favorable but the materials quantity variance is unfavorable is combination of variances may indicate that inferior quality materials were purchased at a discounted price, but the low-quality materials created production problems.
Price and quantity variances move in the same direction. If one is favorable the others will be as well. This is because there is a direct relationship between price and quantity. If one is favorable the other is likely to be favorable and if one is adverse the other is likely to be adverse.
An unfavorable materials quantity variance indicates that: actual usage of material exceeds the standard material allowed for output.
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Answer:
Correct option is (C)
Explanation:
Given:
Mortgage amount (PV) = $650,000
APR = 10%
Per month interest rate (rate) = 10% ÷ 12 = 0.8333% or 0.008333
Mortgage period (nper) = 30 years or 30×12 = 360 months
Monthly payment can be calculated using spreadsheet function =pmt(rate,nper,PV)
Monthly payment is computed as $5,704.02
PMT is negative as it is a cash outflow.
Answer:
1) The cupcakes are being sold below their equilibrium price
3) The customers who receive cupcakes are the customers with the highest willingness to pay for cupcakes.
4) The bakery is not using price as the only means of allocating cupcakes to its customers.
.Explanation:
at equilibrium price, quantity demanded equals quantity supplied and there would be no excess demand as in the case of the bakery.
The customers who receive cupcakes are the customers with the highest willingness to pay for cupcakes because these consumers are willing to lineup for these cupcakes.
the bakery also allocates the cupcakes by time. the cupcakes are usually only available within a specific time
Answer:
D. They oversee some waterways.