Wheat IncHas an Exclusive Contract with an Exporter

question 52

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 size variance?

• A)$6,000 unfavorable.
• B)$750 unfavorable.
• C)$4,000 unfavorable.
• D)$17,500 unfavorable.
• E)$0.

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Definitions:

Proprioception

The body's ability to perceive its own position in space, important for coordination and balance.

Golgi Tendon Organs

Sensory receptors located at the junctions of muscles and tendons that monitor tension developed in muscles and help prevent muscle damage.

Muscle Spindles

Sensory receptors within the belly of muscles that primarily detect changes in the length of the muscle.