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The Clamen Company makes table lamps, for which the following standards have been developed:
During October, production of 100 lamps was expected, but 110 lamps were actually completed.
Direct materials purchased and used were 2,100 pounds at an actual price of $2.20 per pound.
Direct labour cost for the month was $5,310, and the actual pay per hour was $9.00.
-The direct-material usage variance for October is
B2C Process
A business model that refers to the process where businesses sell products or services directly to consumers, typically through online platforms.
Resellers
Businesses or individuals that purchase goods with the intention of selling them to end-consumers without significant modification.
Producers
Producers are individuals or businesses that create goods or services, playing a crucial role in the economy by offering products for consumer or business use.
Derived Demand
The linkage between consumers’ demand for a company’s output and its purchase of necessary inputs to manufacture or assemble that particular output.
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