BBB Company uses a standard cost system. Information for raw materials for Product RB for the month of October is as follows: Standard unit price P1.60 P1.55 Actual purchase price per unit Actual quantity purchased Actual quantity used 2,000 units 1,900 units Standard quantity allowed for actual production 1,800 units 29. What is the material purchase price variance?

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Loanable Funds Theory

The loanable funds theory is a neoclassical theory that determines the interest rate where the demand for loanable investments and supply of loanable funds intersect. To determine the interest rate, this theory employs linear regression and a demand curve. At the equilibrium point, demand for borrowings and demand for the issuance of borrowing funds are inextricably linked. This point of equilibrium should equalize demand and the supply of money available for borrowing.