Answer and Explanation:
The computation is shown below:
Total material variance = Actual quantity × Actual rate - Standard quantity × Standard rate
= 29000 × $6.3 - (16,000 units × 2) × $6
= $182,700 - $192,000
= - $9,300 favorable
Material price variance = Actual quantity × Actual price - Actual quantity × Standard price
= (29,000 units × $6.3) - (29,000 units × $6)
= $182,700 - $174,000
= $8,700 unfavorable
Material quantity variance = Standard quantity × Actual quantity - Standard rate × Standard quantity
= $6 × 29,000 units - $6 × (16,000 units × 2)
= $174,000 - $192,000
= -$18,000 favorable
The favorable is when the standard cost is more than the actual one while the unfavorable is when the standard cost is less than the actual one
Answer: b. has a backward-bending portion.
Explanation:
A backward-bending supply curve shows what happens when people substitute higher wages for more leisure time like Amari is doing in this scenario.
At a higher wage, people will be able to work for shorter hours as such a job will still give them the same amount of money as working longer in lower paying jobs.
After they get a certain level of payment from the higher paying job, they will then substitute the remaining hours for leisure. This creates a backward-bending curve because labor hours are reducing past a certain level of wages.
Given:
Checking account balance: 3,100.55
Add: note collected 600
deduct:
NSF 60.50
service charge: 12.55 <u> (73.05)</u>
reconciled checkbook bal. 3,627.50
The deposit in transit for 400 was already included in the 3,100.55 balance. That is why it is not included in the reconciliation.
Answer:
Results are below.
Explanation:
Giving the following information:
Initial investment (PV)= $1,000
Number of periods (n)= 1 year
interest rate (i)= 0.02
Withdrawal cost= $20
<u>First, we will determine the future value (FV) of the investment:</u>
FV= PV*(1 + i)^n
FV= 1,000*(1.02^1)
FV= $1,020
<u>Now, how much is left for Bart:</u>
<u></u>
Net amount= 1,020 - 20
Net amount= $1,000
Answer:
A.Yakov is a 20-year-old professional tennis player. When he's not competing, he works as a coach at a local tennis club. EMPLOYED
B.Ana is a 42-year-old autoworker who was just laid off by her employer. She is trying to find any kind of job to help make ends meet. EMPLOYED
C.Charles is a 41-year-old graphic designer who is taking 2 years off from work to care for his small daughter. NOT IN THE LABOR FORCE
D.Juanita is a 29-year-old who lost her job as an associate producer for a radio station. After spending a few weeks out of work and interviewing for several other positions,she gave up on her job search and decided to go back to grad school. She made that decision a few months ago. NOT IN THE LABOR FORCE
E.Gilberto is a famous novelist. He is spending the summer at his lake house in upstate New York, doing a little writing each day but mostly spending his time gardening and reading. EMPLOYED
F.Dina is a 10-year-old student at Southside Middle School. She baby-sits her younger sister and does other chores for which her parents give her an allowance of $20 per week. NOT IN ADULT POPULATION
Explanation:
To be considered unemployed, a person must be out of a job for more than 4 weeks and be actively seeking for a job. The labor force includes all the people over age 16 that are willing and able to work.
