Which of the Following Would Increase the Supply of Laptop

question 175

Multiple Choice

Which of the following would increase the supply of laptop computers?

• A) Higher wage rates for the workers that produce laptop computers.
• B) A technological improvement that lowers the cost of producing laptop computers.
• C) An increase in the price of computer chips used to produce laptop computers.
• D) All of the above.

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Definitions:

Variable Overhead Rate Variance

The difference between the actual variable overhead rate incurred during a period and the standard variable overhead rate, multiplied by the actual activity level.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the standard cost allocated based on the actual levels of the allocation base.

Lubricants

Substances applied to reduce friction and wear between surfaces in mutual contact, often used in machinery and equipment to ensure smoother operation.

Supplies

Items or materials used in the operation of a business and often classified as a type of inventory on the balance sheet.