Answer:
$150,000 unfavorable variance
Explanation:
The budgeted sales volume for the year is 160,000 windows
However,the whole industry sales volume increased to 1,000,000 windows with the company managing to hold on to only 15% of total market sales of 1,000,000 i.e 150,000(1,000,000*15%)
sales activity sale=change in sales volume*standard contribution margin=(160,000-150,000*)$15=$150,000 unfavorable since actual sales were less than forecast sales
Answer: Money makes price information more accessible
Explanation: The unit of account function of money tells that money can be used as a common measurement for all the goods or services offered in the market, thus, making it possible to price the commodities and making it more accessible and informative to the consumers.
In simple words it means all units can be measured on the basis of money.
