A machine that was out of alignment caused several units of product to be scrapped.
<h3>What does an unfavorable materials quantity variance indicate?</h3>
An actual vs expected direct material variance contrasts the two types of materials utilized in the production of a product. When you use more material than you expected, this is referred to as an unfavorable materials quantity variance. Utilizing less material than anticipated is advantageous.
One of the cost accounting metrics that firms evaluate to gauge manufacturing efficiency is the variance in material quantities. Monitoring variations enables producers to spot problems as they arise and fix them. It also sharpens the accuracy of future production budgets.
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Spending less food
Rationing items
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Answer:
e. $ 350,000
Explanation:
Given: Total number of units= 10000.
Selling price= $60 per unit.
The material cost= $10 per fan
Labor cost= $15 per unit.
Promotion and marketing cost= $100000.
Facility expense= $80000.
Other overhead cost= $20,000.
Now, finding the variable cost of fan.
Variable cost=
Variable cost=
⇒ Variable cost=
∴ Variable cost= $250000.
Selling price=
∴ Selling price of fan is $600000.
Unit contribution=
Next find the unit contribution of each fan.
⇒ Unit contribution=
∴ Unit contribution of each fan is $350000.
Answer:
A. Downward sloping; economies of scale
Explanation:
As the costs rise slower than quantity produced, the cost for each additional unit produced (marginal cost) is decreasing. That is when the Average Cost curve is downward sloping.
At that point the more products are made (scales of production) the lower unit cost becomes (more economic), which means economies of scale.
Answer:
BUDGET LINE
Explanation:
Budget Line is graphical representation of product combinations that a consumer can buy, given product prices & income (all spent)
It is downward sloping because of inverse relationship between goods - one good's consumption has to be decreased to increase other good's consumption, given same prices & income.
Budget Line Equation : x.px + y.py = m
[x = quantity of good x, px = price of good x, y = y good quantity, py = good y price, m = money income].
Slope of Budget line is : Amount of a good sacrifised to attain the other good, given same prices & income. The sacrifise ratio gets derived from the price ratios of the two goods.
Budget Line Slope = ΔY / ΔX = PX / PY