How is the negative externality exhibited by jake affecting the society? jake's overspending can result in personal bankruptcy, which will adversely affect the lives of his friends, family, and others, who were otherwise not involved in his overspending activities. this is an example of [need answer] externality.

Turrubiates corporation makes a product that uses a material with the following standards standard quantity 8.0 liters per unit standard price $2.50 per liter standard cost $20.00 per unit the company budgeted for production of 3,800 units in april, but actual production was 3,900 units. the company used 32,000 liters of direct material to produce this output. the company purchased 20,100 liters of the direct material at $2.6 per liter. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for april is: