Answer: Option A : by themselves do not tell us what decisions the firm will make.
Explanation: Using the cost curve to make decisions is the function of the firm's internal decision mechanism
Answer:
Explanation:
1. Calculate the efficiency variance for variable overhead setup costs.
This will be calculated as:
= Standard Hours - Actual Hours) × Standard rate
= (15000/225 × 5.25 - 15000/250 × 5) × 38
= (350 - 300) × 38
= 50 × 38
= 1900 Favourable
2) Calculate the rate variance for variable overhead setup costs.
This will be:
= Standard rate- Actual rate) × Actual Hour
= (38-40) × (15000/250 × 5)
= -2 × 300
= -600 Unfavourable
3) Calculate the flexible-budget spending variance for variable overhead setup costs.
This will be the difference between the standard cost and the actual cost. This will be:
= (15000/225×5.25 ×38) - (15000/250×5 ×40)
= 13300 - 12000
= 1300 Favourable
4) Calculate the spending variance for fixed setup overhead costs.
what formular did you use.
This will be:
= Standard Cost - Actual Cost
= 9975-12000
= -2025 Unfavorable
Answer:
The correct approach will be Option A.
Explanation:
- Liability insurance on something like a subjective insurance plan implements the driver no matter with whom the automobile would be conducted, actually given it's an allowed to sign up the vehicle. Liability insurance safeguards insurance premiums whenever an automobile controlled by somebody else is operated either by the insured. They would also normally be compensated according to their car insurance policies in a somewhat circumstance.
- Besides, the compensation he maintains through his automobile is liability coverage for such a covered by insurance operating everyone else's vehicle. In many of these instances, even before driving on a highway, he doesn't own the subjective coverage could very well be implemented by the driver. Throughout the scenario mentioned, Matt was indeed killed in an accident whilst also trying to drive his friend's Christie vehicle.
- Hence, Matt's homeowner's insurance liability coverage would then kick through first. The gross amount of liabilities is $80,000, according to the verdict. The personal injury allowance of Matt becomes limited to $200,000, adequate to be insured.
The latter choice does not fit the instance in question. So, "A. Matt's premium is primary and therefore will cover the full $80,000," is the right response.
Answer:
People often use the terms free enterprise, free market, or capitalism to describe the economic system of the United States. A free enterprise economy has five important characteristics. They are: economic freedom, voluntary (willing) exchange, private property rights, the profit motive, and competition
Explanation:
People often use the terms free enterprise, free market, or capitalism to describe the economic system of the United States. A free enterprise economy has five important characteristics. They are: economic freedom, voluntary (willing) exchange, private property rights, the profit motive, and competition
