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3 years ago

An unfavorable materials quantity variance indicates that: Garrison 16e Rechecks 2017-08-17 Multiple Choice

Business

1 answer:

Whitepunk [10]3 years ago

6 0

Answer:

Actual usage of material exceeds the standard material allowed for output.

Explanation:

<em>Material quantity variance occurs when the actual quantity used to achieved a given level of output is greater or less than the standard material allowed.</em>

<em>It is determined by the difference between the actual and standard quantity of material for the actual level of output multiplied by the the standard price</em>

An unfavorable materials quantity occurs when the actual quantity used to achieved a given level of output is greater than the standard material allowed.

<em>It is might be an indication of wastage in the usage of materials or inefficiencies.</em>

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James hires Franco for a painting job. Their contract explicitly states that Franco's employment can be terminated if he is emp

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Answer: condition subsequent

Explanation: A condition subsequent is an incident or set of circumstances that bring something to a conclusion. A subsequent circumstance is being used as a symbol in a legal sense to put an end of one's constitutional rights or responsibilities.

This generally occurs when someone do anything illegal or unethical in the eyes of law. In the given case, Franco got employed by some other party although he had a contract with James that he cannot do that. Hence we can conclude that the given case depicts condition subsequent.

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3 years ago

A hotel chain values cleanliness and quality service. Company policy dictates that the hotels themselves be spotless with great

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<h2>customer behavior and Hospitality is exhibited in the hotel</h2>

Explanation:

Hospitality:

Hospitality is the most important thing which any business has to follow and especially hotel industry.

It's taking care of guest, treating special and satisfying their needs on time.

It starts when the customer enters, continue till they stay and exits when they they exit.

Customer behavior:

Customers are king
They bring business and makes the company live
Every business is customer driven
Customer behavior are to be analyzed to understand the requirement

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3 years ago

Jane is the manager of a local bank branch in College Station where he consumes bundles of two commodities x and y. Prices in Co

Sholpan [36]

Answer:

Remain the same

Explanation:

$U(x,y) = xy^{2}$ ......................................................... (1)

ICS = Income in College Station = $6,000

CSpx = Price of x in College Station = 1

CSpy = Price of y in College Station = 5

ID = Income in Dallas = ?

Dpx = Price of x in Dallas = 4

Dpy = Price of y in Dallas = 5

Step 1

Assume that Jane always divides his income in College Station equally into two, i.e. $3,000 each, to buy x and y, the quantities of x and y he can buy in College Station can be calculated by dividing the $3,000 by the prices of x and y. This is calculated as follows:

CSqx = Quantity of x in College Station = $3,000 ÷ 1

= 3,000 units

CSqy = Quantiy of y in College Station = 3,000 ÷ 5

= 600 units

Jane's utility in College Station can be calculated by amending equation (1) and substituting 3,000 units for x and 600 units for y as follows:

$CSU(CSqx,CSqy) = (CSqx.CSqy^{2})$

$CSU(3000,600) = (3000*600^{2})$

= 3,000 * 360,000

CSU(3000, 600) = 1,080,000,000 utils .......................... (2)

Step 2

Since Jane is guaranteed a salary in Dallas with which he would be able to buy exactly what he buys in College Station, this implies that the salary in Dallas will make him to be able to buy 3,000 units of good x and 600 units of good which he currently buys in College Station.

Since

CSpx = 1, which is less than Dpx = 4

But

CSpy = 5, is equal to Dpy = 5

We need to calculate how much his Income will increase in Dallas to be able to buy 3,000 units of good x in Dallas given that its price is $4. Therefore, his income will increase by multiplying $4 by 3000 units and deduct $3,000 he was spending in College Station on x as follows:

IID = Increase in Income in Dallas = (3,000 * $4) - $3,000

= $12,000 - $3,000

= $9,000

Therefore, ID (Income in Dallas) is the addition of IDD and ICS (Income in College Station) calculated as:

ID = IID + ICS

= $9,000 + $6,000

= $15,000

Conclusion

With the ID of $15,000, Jane will be spending $12,000 to buy 3,000 units of good x in Dallas and continue to spend $3,000 to buy 600 units of good y in Dallas.

This will make Jan's utility in Dallas (DU) to be equal to 1,080,000,000 utils as obtained in equation (2) above.

Therefore, Jane's utility will remain the same based on the tangency rule which states that a consumer will choose a combination of two goods at which an indifference curve is tangent to the budget line, i.e. his income.

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3 years ago

Products whose demand rises when another product’s price increases are called.

Naya [18.7K]

Close Substitutes.

When the price of a commodity rises, the demand for its close substitute is likely to rise because the price of the close substitute remains the same.

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2 years ago

A company has budgeted total overhead at actual units produced of $10,400. The company has actual total overhead of $12,000. The

ElenaW [278]

Based on the information given the controllable variance is:$1,600.

<h3>Controllable variance</h3>

Using this formula

Controllable variance=Actual total overhead -Budgeted total overhead at actual units produced

Let plug in the formula

Controllable variance=$12,000-$10,400

Controllable variance=$1,600

Inconclusion the controllable variance is:$1,600.

Learn more about the controllable variance here:brainly.com/question/24304293

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2 years ago