Kyekyeku Company Retails Two Models of a Product: Model X

question 57

Multiple Choice

Kyekyeku Company retails two models of a product: Model X and Model Y. It considers both products to be close substitutes. The following data relate to the company's operations for last year: $\begin{array} { | l | r | r | r | } \hline & \text { Model X } & \text { Model Y } & \text { Total } \\\hline \text { Sales in Units: } & & & \\\hline \text { Budget } & 1,000 & 1,000 & 2,000 \\\hline \text { Actual } & 1,008 & 1,092 & 2,100 \\\hline \text { Contribution Margins per Unit: } & & & \\\hline \text { Budget } & \$ 30 & \$ 40 & \\\hline \text { Actual } & \$ 25 & \$ 38 & \\\hline \text { Market Volume in Units: } & & & \\\hline \text { Budget } & & & 40,000 \\\hline \text { Actual } & & & 52,500 \\\hline\end{array}$
- What were the sales quantity variances for Model X and Model Y,respectively,for last year?

• A) $200 favourable and $3,496 favourable.
• B) $240 favourable and $3,680 favourable.
• C) $1,250 favourable and $1,900 favourable.
• D) $1,500 favourable and $2,000 favourable.

Comprehend the concept of state-of-the-art defense in product liability cases.

Distinguish between circumstances where defendants can and cannot be held liable for product-related injuries.

Understand the importance of warnings and instructions in product safety.

Identify strategies for utilizing expert testimony in product liability cases.

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Definitions:

Document Delivery

The process of supplying documents, such as journal articles or reports, to users, often via electronic means.

Document Publisher

A software or service that enables the creation and distribution of documents in various formats.

Probability Sampling

A sampling technique where each member of a population has a known and often equal chance of being selected.

Purposive Sampling

A non-random sampling technique where subjects are selected based on their unique characteristics or qualities relevant to the research.