Company's flexible budget for the range of 31,000 units to 43,000 units of production showed variable overhead costs of $2.00 per unit and fixed overhead costs of $67,000. The company incurred total overhead costs of $131,100 while operating at a volume of 40,000 units. The total controllable cost variance is:

mark, a civil engineer, entered into a contract with david. as per the contract, mark agreed to design and build a house for david for a specified fee. mark provided david with an estimation of the total cost and the contract was mutually agreed upon. however, during construction, when mark increased the price due to a miscalculation on his part, david refused to pay the amount. this scenario is an example of a mistake.

Asupermarket has been experiencing long lines during peak periods of the day. the problem is noticeably worse on certain days of the week, and the peak periods are sometimes different according to the day of the week. there are usually enough workers on the job to open all cash registers. the problem is knowing when to call some of the workers stocking shelves up to the front to work the checkout counters. how might decision models the supermarket? what data would be needed to develop these models?

If a society decides to produce consumer goods from its available resources, it is answering the basic economic question