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3 years ago

Select the correct answer

Business

1 answer:

marissa [1.9K]3 years ago

6 0

Explanation:

All the goods and services provided to people

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Which of the following scenarios is an example of monopolistic competition?

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B.
The bus company has monopoly over the bus service in the town because it has no competitors.

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Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an ela

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Answer:

Material Price Variance= $ 11640 favorable

Material Quantity Variance= $6800 Unfavorable

Explanation:

Becton Labs, Inc.

Standard Quantity= 2.6ounce * 3600 units = 9360 ounces

Actual quantity used: Purchases Less Ending Inventory 13000 ounces- 3300 ounces= 9700 ounces

Actual price : $244,400/13,000= $ 18.8

Standard price : $ 20.00

Material Price Variance= (Actual Price * Actual Quantity)- (Standard Price * Actual Quantity)

Material Price Variance= ($ 18.80 * 9700)-($20.0 *9700)= $ 182360- $ 194000= 11640 Favorable

Material Price Variance= $ 11640 favorable

Material Quantity Variance= (Standard Price * Actual Quantity)-(Standard Price * Standard Quantity)

Material Quantity Variance=($20 *9700)-($ 20 * 9360)

Material Quantity Variance=$ 194000-187200= 6800

Material Quantity Variance= $6800 Unfavorable

Total direct materials variance= $ 11640 favorable -$6800 Unfavorable

Total direct materials variance= 4840 favorable

2. Yes they should as he is offering less price than the standard price.

Even if more material is used the total material variance is favorable indicating a gain not a loss.

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Which of the following statement completions is CORRECT? If the yield curve is upward sloping, then the marketable securities he

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Answer: consist mainly of short-term securities because they pay higher rates.

Explanation:

The yield curve is a curve depicting several yields to maturity or the interest rates across several contract lengths for identical debt contract. The yield curve shows the relationship that exist between the interest rate and time to maturity,

If the yield curve is upward sloping, the marketable securities which are held in a firm's portfolio, and assumed to be held in case of emergencies will consist of short-term securities in order to reduce interest rate risk. As the yield curve is upward sloping, therefore long term securities will be expected to have higher interest rate in the future and therefore a price decline. Because the securities are in case of emergency, it is advisable to have short term securities.

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