<span>the answer is 761.25</span>
Answer: Consumer
Explanation:
If you are asking about what the economic term for any person who uses goods or services is, it is already included in your statement.
The person is a consumer as a consumer is the economic term for an entity that acquires goods and services whether freely or otherwise to use them for something be it personal or business in nature.
A. Platinum
Hope this helps.
Answer:
(i) $1,295 Favorable
(ii) $3,744 Unfavorable
Explanation:
Actual price = Actual cost of materials ÷ Actual materials purchased
= $43,105 ÷ 3,700
= $11.65
Materials price variance = Actual Quantity (Actual Price - Standard Price)
= 3,700($11.65 - $12.00)
= $1,295 Favorable
Standard Quantity = Actual output × Standard quantity per unit of output
= 560 × 4.8
= 2,688
Materials quantity variance:
= Standard Price (Actual Quantity - Standard Quantity)
= $12.00 (3,000 - 2,688)
= $3,744 Unfavorable