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3 years ago

LO 8.5Identify several causes of a favorable material quantity variance.

Business

1 answer:

yan [13]3 years ago

3 0

Answer:

Possible causes of material quantity variance:

1. The use of sub-standard material

2. The use of unskilled labour

3. Wastage of material

Explanation:

Material quantity variance is the difference between standard quantity and actual quantity used multiplied by standard price. The use of sub-standard material reduces the quality of output thereby resulting to unfavorable material quantity variance. The use of unskilled labour also leads to unfavorable material quantity variance. Wastage of material due to low quality of inputs also results to unfavorable material quantity variance.

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The point that each glass of lemonade consumed on a hot day brings lower and lower levels of satisfaction is known as the princi

givi [52]

Answer:

decreasing marginal benefit.

Explanation:

A consumer measures the amount of satisfaction gained by consuming a product in making a buying decision.

When a person comes a product his satisfaction increases up to a point, and from that point as consumption increases the satisfaction derived reduces.

Consumption after this point is known as decreasing marginal benefit to the customer.

This affects the customer's willingness to buy more of this product. Patronage of lemonade will reduce as the customer looks for another product to satisfy his needs.

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3 years ago

Porter’s competitive strategies of cost leadership and differentiation focus on ____ markets, while the cost-focus and focused-d

Artyom0805 [142]

Answer:

WIDE

NARROW

Porter’s competitive strategies of cost leadership and differentiation focus on WIDE markets, while the cost-focus and focused-differentiation strategies focus on NARROW markets.

Explanation:

Porter’s competitive strategies of cost leadership and differentiation focus on WIDE markets, while the cost-focus and focused-differentiation strategies focus on NARROW markets.

Differentiation refers to a firm's ability to create a good or service that is distinct from other product. This strategy leads to having or creating brand image, which allows the organization to sell its products or services at a premium

Cost leadership relates to a firm's ability to create economies of scale by producing a large volume of goods or service.

6 0

3 years ago

An individual consumes products X and Y and spends $36 per time period. The prices of the two goods are $3 per unit for X and $2

vekshin1

Answer:

a) 3X + 2Y = 36

b) X = 6 , Y = 9

c) 27

Explanation:

Individual consumes : X and Y

Spends : $36 per time period

unit cost : $3 per unit for X

$2 per unit for Y

utility function : U( X, Y ) = .5XY

A) Budget equation mathematically

X* Px + Y* Py = M

3X + 2Y = 36

Px and Py = unit cost for X and Y

M = Total spent ( revenue )

b) Values of X and Y that will maximize utility

Maximum utility ( MRS ) = Px / Py ,

MRS = MUx / MUy

= Y/X = 3/2

∴ 2Y = 3X

From BC : 6X = 36 ( X = 6 plug into mathematically equation above )

∴ X = 6 , hence Y = 9

c) Total utility generated per unit of time

U( X,Y ) = .5XY

= 0.5 * 6 * 9 = 27

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2 years ago

INVESTOR Corp. was interested in investing in bonds and, on 01/01/2012 purchased 8% bonds dated January 1, 2012. These bonds had

seropon [69]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

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3 years ago

Using these data from the comparative balance sheet of K. Leen Company, perform vertical analysis.

iogann1982 [59]

Answer and Explanation:

The vertical analysis is presented below:

Comparative Balance Sheet

Particulars Dec 31, 2020 Percentage Dec 31, 2019 Percentage

(a) [(a) ÷ $3200000] × 100 (b) [(b) ÷ $3000000] ×100

Accounts

receivables $400,000 12.5% $400,000 13.3%

Inventory $864,000 27.0% $600,000 20.0%

Total Assets $3,200,000 100.0% $3,000,000 100.0%

4 0

2 years ago