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Are Standard costs determined by multiplying expected price by expected quantity?
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The quantity of product X supplied can be expected to rise with a fall in what?
The quantity of product X supplied can be expected to rise with a fall in:
What determine the quantity of a good that buyers demand?
The quantity of goods that buyers demand are determined by the control and means witch they were contained or dispatched eg. manual/automated and QC. (quality control)
How is the equilibrium price related to the equilibrium quantity and how can these values be determined?
Demand: 300x+1500 Supply: 20x-q+1200?
How a firm in monopolistic competition makes decision on price and quantity?
In a monopolistic competition, the prices are determined by the demand and supply for that good. However, since each good is branded and distinguishable from each other, each firm can take non-price measures (marketing) to attract more customers. Hence, price is determined by the market while the quantity, although determined by market to some extent, still relies on the marketing measures of each individual firms.
What determines the price and quantity produced of most goods?
Price and quantity produced of any given product and service is dependent on multiple economic, social and political factors. Assuming ceteris parabus (all else being equal) the quantity of supply and demand determine the equilibrium point, or price of a good or service.
What process do you use to find the percent of a quantity?
Multiplying
The difference between actual and standard cost caused by the difference between the actual quantity and the standard quantity is called the?
The difference between actual quantity and standard quantity is called the material quantity variance.
The quantity of product X supplied can be expected to rise with a fall in what?
The quantity of product X supplied can be expected to rise with a fall in:
What a coefficient?
a number or quantity placed (generally) before and multiplying another quantity, as 3 in the expression 3x.
What process do you use to find the percent change of a quantity?
Multiplying
What process do you use to do find percent change of a quantity?
Multiplying
What multiplying factor would decrease a quantity by 18 percent?
0.82
What is standard cost method?
Under standard cost method, standard costs for material labor and overheads are determined first and all these costs are charged to production on that standard costs and quantity basis and after that variance analysis is done to find out the reasons for differences in actual costs with standard costs as basis for analysis.
What quantity is calculated by multiplying three dimensions length width and height?
Area
What is one third times negative 1?
Multiplying a quantity by negative one just changes the sign of the quantity. Multiplying a positive one third by negative one makes it negative one third. -1/3
What is a standard unit needed to measure a quantity correctly?
To measure a physical quantity correctly and need to compare it with some standard quantities. Thus a standard unit is needed to measure a quantity correctly.
What is the exact quantity that people agree to use for comparison?
A "standard". In manufacturing, it may be refered to as a "master" when used to calibrate instruments that measure size, but it is still a standard.
