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GenaCL600 [577]
3 years ago
5

Suppose the price of barley increases by 16.53%. If breweries buy 3.28% less barley after the price increase, the total revenue

for barley producers will _____ because the _____ effect is greater than the _____ effect.
Business
1 answer:
disa [49]3 years ago
8 0

Suppose the price of barley increases by 16.53%. If breweries buy 3.28% less barley after the price increase, the total revenue for barley producers will increase because the price effect is greater than the quantity effect.

Explanation:

Every company must sooner or later come to the point that an rise in the price is right.

Inflation has two primary causes: demand tug and expense drive.

Both have a general raise in costs in an economy. However, they work otherwise. Conditions of market pull arise as customer demand raises costs.

Consumers are now increasing the demand on the good for some quantity, and suppliers would need to offer a better price in order to deliver the good.

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Javonte Co. set standards of 2 hours of direct labor per unit of product and $15.80 per hour for the labor rate. During October,
IRISSAK [1]

Answer:

October

direct labor rate variance =$2,420 unfavorable

direct labor efficiency variance  =$11,060 favorable

direct labor cost variance  = $ 8,640 favorable

<em>Investigate : direct labor efficiency variance</em>

November

direct labor rate variance = $4,025 unfavorable

direct labor efficiency variance =$ 39,500 favorable

direct labor cost variance  = $35,475 favorable

<em>Investigate : direct labor efficiency variance</em>

Explanation:

October

direct labor rate variance = (Aq × Ap) -  (Aq × Sp)

                                          = (12,100×$16) - (12,100×$15.80)

                                          =$2,420 unfavorable

direct labor efficiency variance = (Aq × Sp) - (Sq × Sp)

                                                    =(12,100 × $15.80) - (6,400×2 ×$15.80)

                                                    =$11,060 favorable

direct labor cost variance = direct labor rate variance + direct labor efficiency variance  

                                           = $2,420 (A) + $11,060 (F)

                                           = $ 8,640 favorable

November

direct labor rate variance = (Aq × Ap) -  (Aq × Sp)

                                          = (16,100×$16.05) - (16,100×$15.80)

                                          = $4,025 unfavorable

direct labor efficiency variance = (Aq × Sp) - (Sq × Sp)

                                                    =(16,100 × $15.80) - (6,800×2 ×$15.80)

                                                    =$ 39,500 favorable

direct labor cost variance = direct labor rate variance + direct labor efficiency variance

                                          = $4,025 (A) + $ 39,500 (F)

                                           = $35,475 favorable

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Answer:

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Describe how price affects decisions that consumers make
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I believe the answer is A. <span>decrease; increase
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On September 18, 2019, Rose Company purchased 11,800 shares (14%) of Wozniak, Inc. stock for $42 per share. The market value of
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24

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