Suppose that the supply of new apartments is elastic, while the supply of new homes is inelastic. compare the results of a decrease in demand in both markets. a. the price and quantity of new apartments will change by more than the price and quantity of new houses. b. the price and quantity of new apartments will change by less than the price and quantity of new houses. c. the price of new apartments will change by more than the price of new houses. the quantity of new apartments will change by less than the quantity of new houses. d. the price of new apartments will change by less than the price of new houses. the quantity of new apartments will change by more than the quantity of new houses

Oceanside marine company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. oceanside uses standard costs to prepare its flexible budget. for the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: direct materials: 2 pound per unit; $ 11 per pound direct labor: 2 hours per unit; $ 19 per hour oceanside produced 2 comma 000 units during the quarter. at the end of the quarter, an examination of the direct materials records showed that the company used 7 comma 500 pounds of direct materials and actual total materials costs were $ 98 comma 100. what is the direct materials cost variance? (round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)

Gus needs to purée his soup while it's still in the pot. what is the best tool for him to use? a. potato masher b. immersion blender c. rotary mixer d. whisk

Which of the following statements are false regarding activity-based costing? non-manufacturing costs are important to include when calculating the cost of each product. costs are allocated based on a pre-determined overhead rate. transitioning from traditional costing methods to activity-based costing can be complicated and costly. activity-based costing follows the same basic calculation methods as traditional costing approaches. none of the above