The answer is Job costing. Because Job costing is used for small production of unique products such as yachts.
<span>a.price floor
Where the government fixes the minimum retail price</span>
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
The correct answer is (A)
Explanation:
JIT stands for just in time; it is a process which is used to handle and coordinate the inventory management. The main goal is to handle the inventory efficiently to improve the flow of the system in a timely manner and to eliminate discrepancies in the inventory management system. Overall, it helps to eliminate the disruption and to make the system flexible and smooth.
Answer:
Explanation:
std rate $9.00
actual rate $8.50
standard hours 5,200
Total variance: 390 Favorable
Rate variance:
Efficiency
Total:
rate + efficiency

We plug our know values and solve:

0.5actual hours + 46,800 - 9actual hours = 390
46,800 - 390 = 8.5 actual hours
46,410/8.5 = actual hours = 5,460
now we calculate each variance:
rate: 2,730
efficiency (2,340)