Answer:
$268 Favorable
Explanation:
Variable overhead variance can be computed by using the following formula,
Budgeted hours = 0.20/unit
Variable overhead efficiency variance
= Standard Overhead rate * (Actual Hours - Standard Hours)
= 6.7 * ( 1,820 - (9300*0.2))
Efficiency variance = $268 Favorable, as actual hours for actual activity are less than standard hours at actual activity.
Hope that helps.
Answer:
A. Partnership agreement
Answer: Straight line PPF, Opportunity cost is constant.
Explanation:
The PPF for Sweden is downward sloping straight line which depicts that the resources that are used in the production of these two goods are not specialized and the same set of resources is equally useful in producing both smartphones and tablets. Thus, Sweden's opportunity cost of producing more smartphones and fewer tablets should remain constant.
Answer: See explanation
Explanation:
The bank reconciliation as of October 31 from the above information has been attached.
After the calculations, we can see that the reconciled balance was $761.
NB: The error of $9 was gotten as:
= $65 - $56
= $9
Other necessary information can be seen from the attachment.
............................... are important enough relative to the potential gains involved that THE PRIVATE SOLUTION IS NOT FEASIBLE.
Private solution may not be feasible for many reasons, such as transaction cost, coordination problem, unyielding attitude of the people involved, etc.