-The Above Table Shows Production Combinations on a Country's Production

question 3

Multiple Choice

-The above table shows production combinations on a country's production possibilities frontier. Which of the following is an example of a point that is unattainable?

• A) 0 units of good X and 40 units of good Y
• B) 6 units of good X and 28 units of good Y
• C) 10 units of good X and 16 units of good Y
• D) 3 units of good X and 35 units of good Y

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Definitions:

Raw Materials Quantity Variance

The difference between the actual quantity of raw materials used and the expected quantity of raw materials based on the standard cost, which indicates efficiency in using materials.

Standard Cost System

An accounting system that uses standard costs for product costs, serving as a tool for planning, controlling, and decision making.

Actual Results

Actual results refer to the final outcomes or data obtained after completing a process or experiment, measured against predetermined objectives or expectations.

Variable Overhead Efficiency Variance

The difference between the actual and standard cost of variable overhead based on the efficient use of production resources.