Use the Table Below to Answer the Following Questions

question 94

Multiple Choice

Use the table below to answer the following questions.
Table 13.4.1

-Table 13.4.1 shows the demand schedule faced by a monopoly. If the monopoly is a perfect price-discriminating monopoly the marginal revenue from the sale of the 3rd unit of output is

• A)$2.
• B)$6.
• C)$4.
• D)$3.
• E)$5.

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Definitions:

Raw Materials Quantity Variance

The difference between the expected and actual quantity of raw materials used in production, affecting manufacturing costs.

Materials Price Variance

This is the difference between the actual cost of direct materials and the standard cost, multiplied by the quantity purchased.

October

The tenth month of the year in the Gregorian calendar, preceding November.

Variable Overhead Efficiency Variance

This is the difference between the expected (standard) cost of variable overheads based on actual production outputs and the actual variable overhead costs incurred.