C . Drivers :) have a great day
Answer:
a. 7400 U
b. 4120 U
Explanation:
A.Calculation to determine the labor rate variance for the month
Using this formula
Labor rate variance=(SR-AR) * AH
Let plug in the formula
Labor rate variance=[20.60-(153,180/7400)]*7400
Labor rate variance=(20.60-20.70)*7400
Labor rate variance=0.1*7400
Labor rate variance=7400 U
Therefore is Labor rate variance 7400 Unfavorable
b. Calculation to determine the labor efficiency variance for the month
Using this formula
Direct Labor Efficiency Variance = (Actual Direct Labor Hours Worked * Standard Labor Rate) - (Units Produced * Standard Direct Labor Hours per Unit * Standard Labor Rate)
Let plug in the formula
Direct Labor Efficiency Variance = (7400 hours x $20.60) - (1500 units x 4.8 hrs* $20.60)
Direct Labor Efficiency Variance = $152,440 - $148,320
Direct Labor Efficiency Variance = $4,120 UnFavorable
Therefore the labor efficiency variance for the month is $4,120 UnFavorable
Answer:Cross elasticity of demand = -1.25
Explanation:
Cross elasticity of demand= Per entage change in quantity of commodity A (plates)/ Percentage change in price of commodity B(cups)
Percentage change in quantity demanded for plates = (New quantity - old quantity/ old quantity ) x 100
={ (4450-4950)/4950] ×100
=-500/4950
= - 0.10×100= - 10%
Percentage change in price of cups =(New price - old price/ old price) x 100 [(4.05-3.75)/3.75]×100
=0.3/ 3.75
= 0.08×100= 8%
Cross price elasticity of demand = - 10%/8%
= - 1.25
Here, the cross elasticity of demand for these goods of cups and plates is negative(-1.25) showing that they are complementary goods since as the price for cups increases, the demand for plates decreased.
Alter ego theory is the theory that applies to the situation in which owners of a corporation have so mingled their own affairs with those of the corporation that the corporation does not exist as a distinct entity.
The secondary section/in cities
