Answer: The correct option is B. an increase in quantity supplied of laptops.
Explanation: Supply is the amount of goods and services that a given firm is willing and able to sell to the market, at a given price and at a given point in time.
Factors that affect supply include:
- Price
- Cost of Production
- Technology
- Transport Conditions
- Government's Policies
- Prices of Related Goods, and so on.
In the scenario given in the question above, if an improved technology is being used to manufacture laptops, this will cause production costs to decrease, and cause output level to increase, thereby leading to a lower price of the laptops.
At this price, consumers will demand more of the laptops, and an increase in demand will definitely lead to an increase in the quantity of laptops that will be supplied to the market.
Is largely regionalized to the West coast
Answer
The contribution margin ratio multiplied by the selling price per unit equals the contribution margin per unit.
Explanation:
What happens to the contribution margin ratio of a company that produces only a single product is that the contribution margin ratio multiplied by the selling price per unit equals the contribution margin per unit
Answer:
Sales Price Variance is $ 4,500 Adverse
Sales Volume Variance is $ 12,000 Unfavorable
Explanation:
The difference between the standard and actual selling price, multiplied with actual number of units sold, is known as sale price variance
The difference between the standard and actual number of units sold, multiplied with standard price is Known as Sales volume variance
Budgeted Actual
Units Sale price Total Units Sale price Total
10,000 $12.00 $120,000 9000 11.50 103,500
Sales Price Variance = (Standard price - Actual Price) x Actual Sales
= (12 - 11.5) x 9000
= $ 4,500 Adverse
Sales Volume Variance = ( Standard units - Actual units) x Standard Price
=(10,000 - 9000) x 12
= $ 12,000 Unfavorable