Examlex
In 2009, which of the following events described the demand for loanable funds?
i. The real interest rate declined and positively affected the quantity of loanable funds demanded.
ii. Firms increased their investment demand.
iii. Firms' profit expectations negatively affected the demand for loanable funds.
Standard Cost
A predetermined cost of manufacturing a product or providing a service, used as a benchmark to measure performance.
Nutrition Drink
A beverage designed to provide dietary supplements or essential nutrients that might be missing or insufficient in a person's diet.
Labor Price Variance
The difference between the actual cost of direct labor and the standard cost, typically associated with the rate paid for labor.
Labor Quantity Variance
The difference between the actual hours worked and the standard hours expected, multiplied by the standard hourly wage rate.
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