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.
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Answer:
B
Explanation:
In comparison to standards that apply to consumers, the UCC imposes on merchants Special business standards.
Answer:
Nonstructured pricing
Explanation:
Nonstructured pricing is also called copy cat method of pricing and involves a pricing that is based on prices charged by similar businesses for a product or service. The business copy cats the prices of competitors. On the other hand structured pricing is done based on the firm's internal determination of the value of a product.
A restaurateur visits two restaurants with themes similar to his and prices his menu to approximate the prices charged for similar dishes at the other restaurants. He is using no structured pricing.
Answer:
a specialty product
Explanation:
Based on the scenario being described within the question it can be said that For Denise, the chair can be categorized as being a specialty product. This is a product that very specific individuals will seek to purchase due to the product's unique characteristics or the individuals loyalty to a specific brand. Which is the case with Denise, since she is loyal to the brand and wanted a chair only from that specific brand.
Answer:
25 percent.
Explanation:
Given that,
Net Income =$200,000
Paid dividends to common stockholders = $50,000
Weighted average number of shares outstanding in 2022 = 2,000 shares
Selling price of common stock = $80 per share
Dividend pay-out ratio:
= (Dividend paid to Common Stockholders ÷ Net Income) × 100
= ($50,000 ÷ $200,000) × 100
= 0.25 × 100
= 25%
Therefore, the company’s payout ratio for 2022 is 25 percent.
