Answer:
and the standard price paid for direct materials multiplied by the actual quantity of direct materials purchased
Explanation:
The formula to calculate the material price variance is
Material price variance is
= (Standard price - actual price) × actual quantity
Based on the above formula, the above statement represent the formula of the material price variance
Hence, the same is to be considered
Answer:
government actions that reduce competition from international firms.
Explanation:
Answer:
Given : Inverse demand function : P = 150 - 3Q
Marginal cost of producing at facility 1: MC1(Q1) = 6Q1
Marginal cost of producing at facility 2: MC2(Q2) = 2Q2
Here we will first find Total Revenue.
i.e. Total Revenue(T.R) = P*Q
T.R(Q) = (150 - 3Q)*Q = 
Where 

(a) MR = 150 - 6Q

(b) Since we know that profit maximizing condition is given as :
MR = MC
Therefore , profit maximizing condition for facility 1 is
= 

Similary profit maximizing condition for facility 2 is
= 

Now, evaluating these two equations. We get ;
-

Therefore, the profit maximizing level of output for facility 1 is


(c)The profit maximizing price is
P = 150 - 3Q



P = 90
The answer is C. Kind of characteristics your company values
All managers throughout an organization may be involved in?