Answer and Explanation:
The computation is shown below:
Total material cost variance
= (Standard quantity × standard price) - (actual quantity × actual price)
= (4,000 tiles × 2 pounds of material × $4) - (8,800 pounds × $35,640 ÷ 8,800 pounds)
= (8,000 pounds × $4) - ($8,800 pounds × $4.05)
= $3,640 unfavorable
For material price variance
= Actual Quantity × (Standard Price - Actual Price)
= 8,800 × ($4 - $4.05)
= $440 unfavorable
For material quantity variance
= Standard Price × (Standard Quantity - Actual Quantity)
= $4 × (8,000 pounds - 8,800 pounds)
= $3,200 unfavorable
The favorable variance is that in which the standard cost is more than the actual cost and the inverse goes to unfavorable variance
In a tenancy contract, a family worked a small part of a large farm in exchange for part of the crop.
<h3>What is a tenancy contract?</h3>
Tenancy agreement or rental contract is a legally enforceable agreement that grants the renter use of a property for a specific usage and time period. The agreement outlines every aspect of the lease as well as the standards and expectations that were mutually agreed upon by the parties.
A lease, which is more common for a fixed time, is different from a rental agreement, which is a contract of the rental between the owner of a property and a renter who wants to have temporary possession of the property. Rental agreements are typically written.
An arrangement between you and a landlord is known as a tenancy agreement. As long as you pay rent and abide by the rules, you are permitted to occupy a property. It also outlines the tenancy's legal terms and restrictions.
A tenancy agreement is regarded as a periodic lease in the business world, with a one-month notice period for termination available to either the landlord or the tenant.
To learn more about tenancy contracts refer to:
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Answer: breakthrough
Explanation: In simple words, breakthrough project refers to a project which results or has a potential to result as a sudden and huge development for the organisation.
In the given case, the new chemical product by the organisation is a new invention and can ease the job of the field workers.
Hence it can prove as a breakthrough for new digger.
Answer:
Differentiation.
Explanation:
The concept of value for the customer corresponds to the expectation that the product will meet the needs, desires and features that he expects.
The customer's perception of the concept of value is affected in rational and irrational ways, such as brand image, product performance, high price, etc.
Therefore, when a company offers a product at a higher price, it is passing on to the consumer the higher production cost of an item, which has features that add greater value and functionality, such as differentiation, personalization or an unforgettable customer experience.
Differentiated products are those produced in a more heterogeneous way compared to standard products, therefore differentiated products have distinct characteristics that add greater value, such as new features, technology, design, durability, style, etc.
