In producing product AA, 6,300 pounds of direct materials were used at a cost of $1.10 per pound. The standard was 6,000 pounds at $1.00 per pound. The direct materials quantity variance is:

The economy of Estonia has been successful due to a large amount of a. money available for construction and infrastructure expansion. b. workers. c. government control. d. traditional values. Reset Selection Mark for Review What's This?

In the former Soviet Union, producers were paid for meeting output targets, not for selling products. Under those circumstances, what were the economic incentives for producers?

Intel, an American company, has manufacturing plants in China that assemble U. S. made components. Suppose one of these plants produces and sells a computer chip toa Chinese computer manufacturer. How is this sale recorded in U. S.

Assume that at the current market price of $5 per unit of a good, you are willing and able to buy 20 units. Last year at a price of $4 per unit, you purchased 20 units. What has most likely happened over the last year? Supply has decreased.

a contractor is putting together an estimate for a new customer who would like a built in pool installed. The contractor has a lot of different measurements that need to be calculated, and he needs to keep track of them.

The specific identification inventory method should be used when the inventory consists of identical, low-cost units that are purchased and sold frequently. True False

Crystal Corporation produces a single product. The company's variable costing income statement for the month of May appears below: Crystal Corporation Income Statement For the month ended May 31 Sales ($22 per unit) $3,850,000 Variable expenses:

Horizontal channel conflict can arise for a variety of reasons. An example would be a toy manufacturer selling its toys through toy stores, discount stores, department stores, and even drugstores.

Which education level has the highest return on investment (ROI)

Assume that the money demand function is (M / P) d = 2,200 - 200r, where r is the interest rate in percent. If the price level is fixed at P=2, and the Fed wants to fix the interest rate at 7 percent, it should set the money supply at: