Use the Information Below to Answer the Following Question(s)

question 5

Multiple Choice

Use the information below to answer the following question(s) .Special Tea Products (STP) has an exclusive contract with Tea Distributors.Two brands of Teas are imported, Strong and Mild, and sold to retail outlets.The monthly budget for the contract is based on a combination of last year's performance, a forecast of general industry sales, and the company's expected share of the Canadian market for imported Tea.The following information is provided for the month of May:
Budgeted fixed costs are $1,750.Actual fixed costs are $2,000.
-What is the STP total sales-quantity variance for revenues?

• A)$0
• B)$150.00 unfavourable
• C)$150.00 favourable
• D)$300.00 unfavourable
• E)$450.00 favourable

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Definitions:

Voting Paradox

A situation in collective decision-making where individual preferences do not result in a consistent collective order of preferences, showing the complexity of social choice.

Impossibility Theorem

A theory stating that no rank-order voting system can meet certain desirable criteria, famously outlined by Kenneth Arrow.

Majority Rule Voting

A decision-making process where policies, leaders, or propositions are decided based on receiving more than half of the total votes cast.

Logrolling

A practice in politics where individuals or parties exchange support for each other's proposals or legislation.