Which of the following statements best characterizes a properly implemented standard cost system? a. All variances from standards should be fully analyzed.
b. Standards can assist in identifying the factors which cause significant variances.
c. Standard costs involve cost control which, in turn, always results in cost reduction.
d. All significant unfavorable variances should be fully analyzed but significant favorable variances need not be fully analyzed.

Amonopolist’s inverse demand function is p = 150 – 3q. the company produces output at two facilities; the marginal cost of producing at facility 1 is mc1(q1) = 6q1, and the marginal cost of producing at facility 2 is mc2(q2) = 2q2.a. provide the equation for the monopolist’s marginal revenue function. (hint: recall that q1 + q2 = q.)mr(q) = 150 - 6 q1 - 3 q2b. determine the profit-maximizing level of output for each facility.output for facility 1: output for facility 2: c. determine the profit-maximizing price.$