The city of Springfield wants to discourage the consumption of liquor. So the city imposes a 50% city liquor tax, to begin on the first of next month. What happens to the demand for liquor in Springfield between now and the first of next month

The value of the dollar:

Solly Corporation produces a product for national distribution. Standards for the product are:Materials: 12 ounces per unit at 60¢ per ounce.Labor: 2 hours per unit at $8 per hour.During the month of December, the company produced 1,000 units. Information for the month follows:Materials: 14,000 ounces purchased and used at a total cost of $7,700.Labor: 2,500 hours worked at a total cost of $20,625.The labor rate variance is:

The following data have been provided by Moretta Corporation, a company that produces forklift trucks:Budgeted production                                   3,400 trucksStandard machine-hours per truck                  2.9 machine-hoursStandard supplies cost                                 $1.50 per machine-hourActual production                                         3,800 trucksActual machine-hours                                10,930 machine-hoursActual supplies cost (total)                      $17,496Supplies cost is an element of variable manufacturing overhead. The variable overhead efficiency variance for supplies cost is:

A price ceiling is a maximum legal price.  

A market price below equilibrium will result in:

Investment is defined as the acquisition of new physical capital.  

Sleeter Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations:a.Budgeted unit sales for April, May, June, and July are 7,500, 11,900, 10,800, and 14,800 units, respectively. All sales are on credit.b.The ending finished goods inventory equals 30% of the following month’s sales.c.The ending raw materials inventory equals 30% of the following month’s raw materials production needs. Each unit of finished goods requires 6 pounds of raw materials. The raw materials cost $5.00 per pound.If 72,000 pounds of raw materials are required for production in June, then the budgeted cost of raw material purchases for May is closest to:

Solly Corporation produces a product for national distribution. Standards for the product are:Materials: 12 ounces per unit at 60¢ per ounce.Labor: 2 hours per unit at $8 per hour.During the month of December, the company produced 1,000 units. Information for the month follows:Materials: 14,000 ounces purchased and used at a total cost of $7,700.Labor: 2,500 hours worked at a total cost of $20,625.The materials price variance is:

If the price of Honda Accords decreases, what happens to the demand for Toyota Camrys?