The answer is B. Executive summary. A management summary, or
executive summary, is a short article or section of a document, produced for
business purposes, that condenses a longer report or proposal or a group of
related reports in such a way that readers can rapidly become familiar with a
large body of material without having to read it all.
Well, it matters what career he wants. If it involves his family friends and coach, them he should ask them.
When preparing the operating budgets for a manufacturing company, the manufacturing overhead budget includes costs that are projected by the cost accountant and the production manager. It contains the all <span>manufacturing costs and expenses, except the direct materials (raw materials) and direct labor. </span>
Answer:
A) Price 7,080 U
B) Quantity 4,630.5 U
C) Total 11.710,5 U
Explanation:
DIRECT MATERIALS VARIANCES
std cost $3.45
actual cost $3.65
quantity 35,400
difference $(0.20)
price variance $(7,080.00)
std quantity 36110.00
actual quantity 35400.00
std cost $3.45
difference 710.00
quantity variance $2,449.50
Total Variance: 2,449.5 - 7,080 = -4.630,5
<u>Given:</u>
Elasticity of Demand = 2
Decrease in price = 1%
<u>To find:</u>
Change in quantity demanded
<u>Solution:</u>
The percentage change in quantity demanded is the mathematical product of the percentage change in price and elasticity of demand. This can be mathematically represented as,
![\% \text{ change in quantity demanded }=\% \text{ change in price }\times\text{Elasticity of demand }\\\\ \Rightarrow \% \text{ change in quantity demanded }=1\times2\rightarrow 2\%](https://tex.z-dn.net/?f=%5C%25%20%5Ctext%7B%20change%20in%20quantity%20demanded%20%7D%3D%5C%25%20%5Ctext%7B%20change%20in%20price%20%7D%5Ctimes%5Ctext%7BElasticity%20of%20demand%20%7D%5C%5C%5C%5C%20%5CRightarrow%20%5C%25%20%5Ctext%7B%20change%20in%20quantity%20demanded%20%7D%3D1%5Ctimes2%5Crightarrow%202%5C%25)
Since, there is a decrease in price, the demand for the product will increase. Therefore, we can conclude that there will be 2% increase in quantity demanded