Answer:
$750 Unfavorable
Explanation:
The calculation of variable overhead efficiency variance is shown below:-
Variable overhead efficiency variance = (Actual direct labor hours - Standard hours allowed) × (Variable factory overhead ÷ Factory overhead rate)
= (10,000 hours - 9,500 hours) × ($18000 ÷ 12000)
= 500 hours × $1.5
= $750 Unfavorable
Therefore for computing the variable overhead efficiency variance we simply applied the above formula.
Answer:
Programmed decision
Explanation:
The programmed decision is the decision which are taken on a daily basis or we can day to day basis or routine basis. It is likely for solving the structured problems
In the given case, since minimum three bids are received and the bid who has less value meets the specification that results in an acceptance
Therefore this case is of Programmed decision
It is important to understand the legal and ehtical issues in photography because you are taking photos of families, friends, children and ost of the time, you have no relation to them. Most photographers will develope a contract that outlines what the photographers rights that they have with the photos and likewise for the customer. It is important to understand who's property they are and how the rights to the photos are distriputed so that there is no sueing over misuse of photos.
Answer:
$15,840
Explanation:
Present value = Future value / (1 + r)^n
Rate, r = 6% = 0.06
Future value = $20,000
Number of years, n = 4
Present value = $20000 / (1 + 0.06)^4
Present value = $20000 / 1.06^4
Present value = $20,000 / 1.26247696
Present value = $15841.873
Using the partial table of present values :
Present value = Future value * PV(6%, 4)
PV at 6%, 4 years = 0.792
Present value = $20,000 * 0.792 = $15,840
Answer:
The correct answer is C: More firms could enter the industry
Explanation:
Fat's Meats control the Kielbasa industry and hence they would feel they are stable. A decrease in the demand would not bring instability as they would still be in control. Increase in cost will also not cause instability because they would increase their price and since they control the industry, customers will have no choice than to buy. The existence of non-price competition would have made them unstable, but since there is no non-price competition. However the entrance of more firms into the industry would definitely destabilize Fat's Meat because an organization can come with more influence, money, and better product and become the leader in the industry.
