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Scorpion4ik [409]
3 years ago
9

Anna is separated from her​ boyfriend, John, while she studies economics and he goes to art school. Even though she wants to cal

l​ John, Anna is very rational. She realizes that the more she spends on her phone​ bill, the less money she has left to purchase other goods and services. Anna's demand schedule for phone call to John is given in the table below.
Price (per month) Quantity (Calls per month)
$18 20
14 24
10 28
6 32
2 36

Required:
Using the multipoint curve drawing tool, draw Anna's demand curve for phone calls given the demand schedule above. Properly label your curve.

Business
1 answer:
Andreas93 [3]3 years ago
8 0

Answer:

Kindly check attached picture for drawing of Anna demand curve

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Answer:

A) $171,000 favorable

Explanation:

Static Budget variance is calculated by simply taking difference of budgeted values and actual values.

                         <u>                                                                             </u>

                  <u>Static budget Variance report of Lincoln Corporation</u>

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Units sold               39,000        48,000       9000       Favorable

Revenue (@$19)   $741,000    $912,000   $171,000   Favorable

Variable costs      $152,000    $167,000   $15,000     Unfavorable

Fixed costs           $50,000     $41,000     $9,000      Favorable

                         <u>                                                                             </u>

As Sales is increased by 9000 units and $171,000, the increase in sale is a favourable varince. So, correct option is A) $171,000 favorable.

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