Type the correct answer in the box. Spell all words correctly. Over the last decade, George’s company has been intentionally reducing its business in budget phones. His company is making a conscious effort to only sell smartphones, because these are more profitable than budget phones. Which kind of economic system is George’s company reacting to? George’s company is reacting to the economic system.

Abbington company has a manufacturing facility in brooklyn that manufactures robotic equipment for the auto industry. for year 1, abbingtonabbington collected the following information from its main production line: actual quantity purchased-200 units, actual quantity used-110 units, units standard quantity-100 units, actual price paid-$8 per unit, standard price-$10 per unit. atlantic isolates price variances at the time of purchase. what is the materials price variance for year 1? 1. $400 favorable. 2. $400 unfavorable. 3. $220 favorable. 4. $220 unfavorable.