Soak plc. commenced operations four years ago after its founding directors spotted a niche in the market for a special type of “sports gel” which is used to treat athletes injuries. The gel is sold in plastic bottles and is expected to retail at €25 per bottle. Soak plc. uses a marginal costing system to report its profits and value its production. The management accountant is currently comparing its actual and budgeted operating results for the month of February 2021. The management accountant provided the following information:
1. Soak plc. budgeted to produce and sell 10,000 bottles of gel during February.

2. According to budget, each bottle of gel produced required 1.5 litres of aloe vera concentrate and one bottle. The company agreed with the suppliers to purchase the aloe vera concentrate for €8 per litre and the bottle for €2 per bottle.

3. The mixing and pouring of the gel was expected to take 0.5 hour per bottle. The workforce consisted of both skilled and unskilled labourers and an average direct labour cost of €10.20 per hour was expected. Variable overheads were budgeted at €6 per labour hour.
At the end of February, management were disappointed to report that it produced and sold only 9,700 bottles of gel. However, the actual selling price per bottle was €7.5 higher than expected. Each bottle of gel used 1.80 litres of aloe vera, costing €8.30 per litre, and each bottle cost €1.90. Due to unexpected delays, each bottle of gel took 0.45 hours to mix and 0.30 hours to pour, costing €83,662. Variable production overheads were €58,750. You are required to:

(a) Prepare a statement showing the budgeted contribution and the actual contribution for February. (8 Marks) (b) Calculate the following variances: 1. Sales price; 2. Sales volume; 3. Materials usage; 4. Materials price; 5. Labour efficiency; 6. Labour rate; 7. Variable overhead efficiency; 8. Variable overhead rate. (24 Marks)
(c )Outline eight key factors that Soak plc. should consider before deciding whether a variance should be investigated. (8 Marks) Total (100 Marks)

Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget.the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead.a total of 119,300 units, using 478,000 direct labor hours, were produced during the year.actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.

Astudent finds data on an internet site that contains financial information about selected companies. he plans to analyze the data and use the results to develop a stock investment strategy. what kind of data source is he using? what concerns might you have about drawing conclusions from this data set?

Me with this asap. i will give 100 points and brainliest. part one of three (total of 100 points) how do gross national product (gnp) and gross domestic product (gdp) differ? while gnp includes investments as well as production of goods and services, gdp only includes production of goods and services. while gnp includes production by all people and businesses of a country, gdp only includes production within a country’s borders. while gnp includes production of all goods and services, gdp only includes production of final goods and services. while gnp includes imports and exports of goods and services, gdp only includes the net exports of goods and services. read the scenario. a united states company produces widgets in brazil. which is true about the calculation of widget production? the dollar value of the widgets would not be included in either a gnp or a gdp calculation. the dollar value of the widgets would be included in a gnp calculation. the dollar value of the widgets would be included in both a gnp and a gdp calculation. the dollar value of the widgets would be included in a gdp calculation. read the passage. this is the most widely used measure of inflation and is sometimes viewed as an indicator of the effectiveness of government economic policy. it provides information about price changes in the nation's economy to government, business, labor, and private citizens, and it is used by them to guide economic decisions. what is being described? consumer price index export price index producer price index import price index what is the primary tool used to measure inflation? consumer price index gross domestic product durable goods shipments gross national product how does a rise in life expectancy impact population growth? it slows population growth. it reverses population growth. it does not impact population growth. it increases population growth. why does nominal gross domestic product (gdp) sometimes seem larger than real gdp? real gdp counts only final products, whereas nominal gdp does not. real gdp counts imports, whereas nominal gdp does not. real gdp includes inflation in its calculation, whereas nominal gdp does not. real gdp uses an accurate calculation, whereas nominal gdp does not. why does nominal gross domestic product (gdp) sometimes seem larger than real gdp? real gdp counts only final products, whereas nominal gdp does not. real gdp counts imports, whereas nominal gdp does not. real gdp includes inflation in its calculation, whereas nominal gdp does not. real gdp uses an accurate calculation, whereas nominal gdp does not. what impact can government policies have on the business cycle? policies that lower interest rates may cause an economic contraction. policies that decrease spending may cause an economic expansion. policies that raise interest rates may cause an economic contraction. policies that lower taxes may cause an economic contraction. what is true regarding seasonal unemployment? it is much harder to predict than other types of unemployment. it is likely to last longer than other types of unemployment. it is not as troubling to the government as other types of unemployment. it has negative costs similar to those of other types of unemployment. read the sentence. the cost of lumber has increased 145 percent since last quarter. what is the most likely outcome in the furniture market? the market will see a rapid rise in inflation because inelastic products respond quickly to market forces. the market will see cost-push inflation because the increased cost of inputs force prices higher. the market will see demand-pull inflation because consumers need more of the product. the market will see no inflation because there has not been a change in personal income.