Answer:
Explanation:
resources and scarcity are connected.
HOW?????
If we do not have resources, it leads to scarcity.
For example, If we do not have water which is a very precious resource, it leads to scarcity of water.
Hope this helps
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An unfavorable materials quantity variance indicates that the actual usage of materials exceeds the standard material allowed for output.
<h3>What do you mean by material quantity variance?</h3>
The material quantity variance refers to the difference between the standard amount and the actual amount of materials used in the production process.
The material quantity variance yield unusual results as it is based on a standard unit quantity that is not even close to the actual usage.
Therefore, an unfavorable materials quantity variance indicates that the actual usage of materials exceeds the standard material allowed for output.
Learn more about Material Quantity variance here:
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Answer:
$3,412
Explanation:
The computation of the economic order quantity is shown below:
= 
= 
= 2,954 units
The carrying cost is
= $15.40 × 15%
= $2.31
The number of orders would be equal to
= Annual demand ÷ economic order quantity
= 120,000 ÷ 2,954 units
= 40.62 orders
Now The total cost of ordering cost is
Ordering cost = Number of orders × ordering cost per order
= 40.62 orders × $
84
= $3,412
