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Showtime is a group of aspiring musicians and actors who perform in theaters and dinner clubs. It has a matinee and evening show. These operating data pertain to the month of July:
Required:
1. Calculate for each type of show and the total:
a. Sales mix variances.
b. Sales quantity variances.
c. Sales volume variances.
2. What strategic implications can you draw from the variances?
Quality And Schedule Needs
The requirements concerning the standard of work to be delivered and the timeline for its completion in a project.
RFQ
Stands for Request for Quotation, a document that invites suppliers to submit a quote for the supply of specific goods or services.
Qualified Suppliers
Suppliers that have been evaluated and determined to meet the necessary standards and criteria to provide goods or services.
Fixed Price Contract
A contract agreement where the service or product is provided at a predetermined and unchangeable price.
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