Wheat Inc Has an Exclusive Contract with an Exporter

question 32

Multiple Choice

Wheat Inc. has an exclusive contract with an exporter. Two brands of wheat are imported, labeled AB and CD. The following data are provided for the current fiscal year:

The total market was estimated to 40,000 bushels at the time of budget. The actual total market for the year is 32,000 bushels.
What is the firm's market share variance?

• A) $0.
• B) $560 favorable.
• C) $8,000 favorable.
• D) $1,225 favorable.
• E) $10,500 favorable.

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Definitions:

Hydroxyapatite

Mineral with the empiric formula 3 Ca3(PO4)2 ∙ Ca(OH)2; the main mineral of bone and teeth.

Collagen

A protein that is the primary structural component of connective tissues in animals and the most abundant protein in mammals.

Proteoglycan

A large molecule made of protein cores with glycosaminoglycan chains, playing various roles in the structure and function of cells and tissues.

Hyaluronic Acid

Hyaluronic Acid is a viscous, glycosaminoglycan that is widely distributed throughout connective, epithelial, and neural tissues, known for its capacity to retain water and contribute to tissue hydration and lubrication.