Questions 24 and 25 are based on the following information:…

Questions 24 and 25 are based on the following information: The information below will be repeated with both questions for your convenience (so you do not have to go back to the original question to access the information), ABC Co. makes widgets. During the month of September, the company produced and sold 1,000 units. The company established the following cost formulas for its selling expenses:  Fixed cost per month Variable cost per unit sold Advertising $1,300        n/a Shipping expenses        n/a   $1.85  The planning budget for September was based on producing and selling 1,100 units.  Actual advertising and shipping expenses in September were $1,200 and  $2,100, respectively. What is the flexible budget spending variance related to advertising? 

Questions 24 and 25 are based on the following information:…

Questions 24 and 25 are based on the following information: ABC Co. makes widgets. During the month of September, the company produced and sold 1,000 units.  The company established the following cost formulas for its selling expenses:  Fixed cost per month Variable cost per unit sold Advertising $1,300        n/a Shipping expenses        n/a   $1.85  The planning budget for September was based on producing and selling 1,100 units.  Actual advertising and shipping expenses in September were $1,200 and  $2,100, respectively. What is the flexible budget spending variance related to shipping expense? 

Figure: Market for Bathroom Cleaner This figure shows a mar…

Figure: Market for Bathroom Cleaner This figure shows a market for cans of a bathroom cleaner that causes environmental damage, imposing costs on people other than the consumers and producers of the cleaner. In this market, the efficient quantity of bathroom cleaner is _______, and the dead weight loss is________.