Answer:
the correct answer is B. Resources are used to produce things that satisfy people's wants.
Explanation:
Wants are the ways we satisfy our basic needs such as food, water, shelterm clothing, etc.
Wants are unlimited. Also, they can be created by businesses as well. However, resources are limited. Most of the resources are given from the nature while some resources have been developed through the human intervention.
Resources are the basic input to produce the necessary things to satisfy the human wants. this conversion process of the resources is generally called the "production".
Production budgets are used by manufacturers to determine the quantity of product units that will be produced. Based on the predicted sales, the production budget is chosen.
Regarding projected inventory levels, it is modified in accordance with the company's inventory policy. A manufacturer creates cost budgets for the direct materials, direct labour, and overhead expenses needed for manufacturing based on the production budget.
The company's inventory policy should be kept in mind while creating a production budget. The production budget is built on the sales budget, with changes made for starting and ending inventories.
The company's inventory management strategy affects the production budget as well. Depending on the company's strategic outlook, inventories may be increased or decreased.
For the given question, the production budget is prepared and attached in the form of an image.
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A completely new business solution to solve marine pollution (which is caused by climate change is the production of a new organic material that can be used to clean marine bodies.
<h3>How will this organic material look like?</h3>
Chemicals and debris, the majority of which originates on land and is dumped or blown into the water, make up marine pollution. This pollution harms the ecosystem, the health of all living things, and global economic institutions.
Therefore, the organic material will be a combination of:
- Oysters
- Plants materials such as leaves, root or stems
- Coconut, etc.
Note that by working on the materials above, one can create an organic material that when scattered or place on top of water bodies, it will make all the pollutant to float upward and then they can be taken out of the water and also it can be taken by man as food as it is organic and would not be harmful to the body.
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Answer:
The activity variance for cleaning equipment and supplies in April would be closest to = -$225
Explanation:
Cost formula for cleaning equipment and supplies = $2,540 + $45 per boat
Since the actual level of activity is 11 boats the budgeted costs for 11 boats will be $2,540 + $45*11 = $3,035
Actual costs for the 11 boats = $3,260
Activity variance = Budgeted - Actual activity cost = $3,035 - $3,260
= -$225
Since the actual cost of activity is more than budgeted cost of activity, the activity variance is unfavorable and closest to -$225.
