The Following Information Is for Brooklyn Corporation * Direct Material Is Measured in Pounds _____ Is the }\\
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question 126

Multiple Choice

The following information is for Brooklyn Corporation: $\begin{array}{lrl}&\text { Direct }\\&\text { Material }\\\text { Standard price per unit of input } & \$ 29 & \\\text { Actual price per unit of input } & \$ 27 & \\\text { Standard inputs allowed per unit of output } & 3 & \text { pounds } \\\text { Actual units of input } & 9,000 & \text { pounds } \\\text { Actual units of output } & 3,000 \text { units }\end{array}$ * Direct material is measured in pounds _____ is the direct-material price variance.

• A)$6,000 favorable
• B)$6,000 unfavorable
• C)$18,000 unfavorable
• D)$18,000 favorable

Differentiate between the concepts of supply elasticity and demand elasticity.

Understand the effect of consumer preferences on demand elasticity.

Comprehend the role of complementary and substitute goods in determining demand elasticity.

Grasp the concept of consumer surplus and how it is affected by price changes.

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Definitions:

Sales Representatives

Individuals who sell products or services on behalf of a company, often working on commission.

Distribution Channels

The pathways through which goods and services flow from the producer to the consumer or end-user.

Marketing Plan

A comprehensive document or blueprint that outlines a company's advertising and marketing efforts for a specific period, detailing strategies for reaching target audiences.

Geographic Location

The specific physical position of a place or entity on the Earth's surface, often considered in strategic planning or analysis.