Answer:
d) $347 U
Explanation:
The computation of the spending variance for food and supplies in March is shown below:
= Flexible budget - actual budget
where,
Flexible budget is
= $1,200 + $3,340 × $13.70
= $1,200 + $45,758
= $46,958
And, the actual budget is $47,305
So by considering the above calculation, the spending variance is
= $46,958 - $47,305
= $347 unfavorable
Answer:
It is up to $1000, each day of violation constitutes a separate violation
Explanation:
Acording to the code the total penalty may not exceed a $ 10,000 aggregatethe department may institute and maintain in the name of the state any inforcement proceedings hereunder. money collected hereunder shall be deposited in the state general found.
Answer:
a. Equilibrium quantity: 40 units; Equilibrium price: $40.
b. Quantity demanded: 10 units; Quantity supplied: 30 units; Surplus: 20 units.
c. Quantity demanded: 9 units; Quantity supplied: 31 units; Shortage: 22 units.
Explanation:
a. The equilibrium quantity occurs when the demanded and supplied quantity are the same, the price for which this situation happens is:

At an equilibrium price of $40, the equilibrium quantity is:

b. At a price of $50, the quantity demanded, the quantity supplied, and the magnitude of the surplus are, respectively:

c. At a price of $29, the quantity demanded, the quantity supplied, and the magnitude of the shortage are, respectively:
