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bonufazy [111]
2 years ago
8

A favorable direct materials quantity variance indicates which of the following?A) The actual cost of direct materials was less

than the standard cost of direct materials.B) The Standard Quantity (SQ) of direct materials for actual output was less than the Actual Quantity (AQ) of direct materials used.C) The Actual Quantity (AQ) of direct materials used was less than the standard quantity for actual output.D) The Actual Quantity (AQ) of direct materials used was greater than the standard quantity for budgeted output
Business
1 answer:
Licemer1 [7]2 years ago
6 0

Answer: A favorable direct materials quantity variance indicates which of the following? C) The Actual Quantity (AQ) of direct materials used was less than the standard quantity for actual output.

Explanation: The direct materials quantity variance is the difference between the actual quantity at a standard price and the standard cost to make the item. If the materials that were used were less than what was produced, that would be a favorable or good output because money and resources are saved.

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5 0
3 years ago
Both firms in a Cournot duopoly would enjoy lower profits if:
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Answer:

each firm simultaneously increased output above the Nash equilibrium level.

Explanation:

A French mathematician, Antoine Augustine Cournot developed the Cournot duopoly in his economic model “Researches into the mathematical principles of the theory of wealth”, of 1838.

Cournot duopoly also known as the Cournot competition, is an economic model where two (2) business firms having identical cost functions compete in a oligopolistic market of imperfect competition with homogeneous products.

Under the Cournot duopoly, the competing firms offer identical products and thus, choose an amount or quantity to produce independently and at the same time because they cannot collude.

Both firms in a Cournot duopoly would enjoy lower profits if each firm simultaneously increased output above the Nash equilibrium level.

Hence, the advantage of the Cournot duopoly is that, it inhibits competing firms from deviating unilaterally.

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3 years ago
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Answer:

refers to performing the same tasks better than rivals perform them.

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