Answer:
the direct material quantity variance is $5,000 favorable
Explanation:
The computation of the direct material quantity variance is shown below:
Direct material quantity variance is
= (Actual quantity - standard quantity) × standard price
= (9,200 pounds - 5,100 units × 2 pounds) × $5 per pound
= (9,200 pounds - 10,200 pounds) × $5 per pound
= $5,000 favorable
hence, the direct material quantity variance is $5,000 favorable
Answer:
household buying goods and services in the product market
Explanation:
The product market is where final goods and services are sold to households and firms.
The factor market is where factors of production are exchanged.
Mary is buying food for her cat. There are no indications that Mary is a business and that the food is a factor of production. Therefore, Mary is an household and she's purchasing from the product market.
I hope my answer helps you
Answer:
A. The demand curve shifts to the left
Explanation:
Bread and butter are compliment goods. They offer the consumer a high utility when consumed together. An increase in demand for bread will increase the demand for butter. Changes in the price of bread will affect the demand for butter.
An increase in the price of bread leads to a decrease in demand. Reduction in bread demand means that butter consumption will decline as there will be less bread to apply butter. A decrease in demand will prompt the demand curve to shift inwards.
Hello,
Here is your answer:
The proper answer to this question will be option B "false". Thats because suppliers are the people that are paid to deliver the goods (or products) to a business. He or she has no input about how to run the business!
Your answer is B.
If you need anymore help feel free to ask me!
Hope this helps!
