Answer the Following Questions Using the Information Below -In a 2-Variance Analysis,the Flexible-Budget Variance and the Production-Volume Variance

question 140

Multiple Choice

Answer the following questions using the information below:
$\begin{array}{lrcc}&&\text { Production- }\\\text { Variances }&\text { Spending }&\text { Efficiency }&\text { Volume }\\\text { Variable manufacturing overhead } & \$ 4500 \mathrm{~F} & \$ 15000 \mathrm{U} & \text { (B) } \\\text { Fixed manufacturing overhead } & \$ 10000 \mathrm{U} & (\mathrm{A}) & \$ 40000 \mathrm{U}\end{array}$

-In a 2-variance analysis,the flexible-budget variance and the production-volume variance should be ________,respectively.

• A)$10 500 U;$50 000 U
• B)$20 500 U;$40 000 U
• C)$5500 U;$55 000 U
• D)$60 500 U;Zero

Recognize factors determining whether demand or supply for a product is elastic or inelastic

Identify how changes in price affect total revenue depending on the elasticity

Understand the short-run and long-run adjustments in the market and their effects on elasticity

Describe the effects of taxes on market outcomes, including tax incidence and government revenue

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Definitions:

Close Relationships

Emotional connections between individuals characterized by affection, trust, and mutual support.

Basic Trust

A fundamental sense of trustfulness and optimism, which Erikson believed was established in infancy and forms the basis of healthy psychological development.

Basic Mistrust

An aspect of Erikson's psychosocial development theory, suggesting that failure to develop trust during infancy can lead to feelings of mistrust towards the world.

Caregiver

An individual who provides care and support to someone who is unable to fully care for themselves due to illness, disability, or age.