According to the law of supply, when prices increase, the quantity of suppliers create _____.
2 answers:
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Answer: Check attachment
Explanation:
Some of the information provided in the attachment are explained below:
Total unit budgeted = 136
Budgeted selling price = 1320
Total budgeted desk sales = 136 × 1320 = $179520
Flexible budget units = 142
Budgeted selling price = 1320
Flexible budget sales = $187440
Total unit budgeted = 69
Budgeted selling price = $540
Total budgeted chair sales = $37260
Flexible budget units = 77
Budgeted selling price = 540
Flexible budget sales = $41580
Total units budgeted = 136
Budgeted Variable expenses per desk = 770
Total budgeted Variable cost for desk = 136 × 770 = 104720
Flexible budget units = 142
Budgeted Variable expenses per desk = 770
Flexible budget variable expense for desks = 142 × 770 = 109340
Total units budgeted = 69
Budgeted Variable expenses per chair = 320
Total budgeted Variable cost for chair = 69 × 320 = 22080
Flexible budget units = 77
Budgeted Variable expenses per chair = 320
Flexible budget variable expense for chair =77 × 320 = 24640
