Answer: Comparability
Explanation:
Comparability describes information that is measured and reported in a similar manner for different companies. It helps users understand the real similarities and differences in economic activities between companies.
Answer:
The correct answer is $814 Unfavorable because actual medical supplies is more than standard.
Explanation:
Actual Medical Supplies $26,768
Standard Medical Supplies for Actual Activity $25,954
(6.60*3,690+1,600)
Medical Supplies Spending Variance 814 Unfavorable
Therefore, The correct answer is $814 Unfavorable because actual medical supplies is more than standard.
Answer:
The number of CDs = 111.36
The number of movie videos = 242.72
N/B: I choose not to round up the answers.
Explanation:
The method used is the Lagrangian method. Basically, the optimization problem we are trying to solve is the utility function
subject to the constraint
.
So the optimization problem(Lagrangian) is
,
where is a constant called the Lagrange multiplier.
To find the optimal consumption, we need to maximize the Lagrangian with respect to the variables . This we do by differentiating with respect to each variable and then equate to 0.
Equate (1) and (2), to get and substitute into (3) to get . Substituting into to get the corresponding value of .
Explanation:
The given question cannot be answered as little information is provided. However it shall be an amount if $21,580,000. For, complete analysis we need to understand the current prices and various other variable costs. We know that the contribution margin is the Sale Price (SP) minus the Variable Cost (VC). It is the number of sales per unit that will be available to service fixed expenses and to generate the profit.
Therefore, to determine a more detailed answers more inputs are needed.