Answer:
The correct answer here is option b.
Explanation:
When here is an increase in capital, the firm would like to produce more. So, the demand for labor would increase. Though the supply of labor would remain the same as it is not affected by the change in capital.
With the shift in the demand curve, the quantity of labor hired would increase as well. With no change in labor supply, the wage rate will increase as well.
If the congress declares that K and L sales’ equipment can
no longer be exported, this means that the K and L will be dissolved
immediately in which it won’t likely to run or function, not unless the company
open another business or change their own business.
Answer:
1. 60,000 hours
2. $300,000
3. $1,680 Unfavorable
Explanation:
1. The computation of the standard hours allowed for actual production is shown below:
= Actual production × Standard hours allowed per unit
= 15,000 units × 4 hours
= 60,000 hours
2. The computation of the applied fixed overhead is shown below:
= Standard hours allowed for actual production × Standard fixed overhead rate
= 6,000 hours × $5
= $300,000
3. The computation of the total fixed overhead variance is shown below:
= Actual fixed overhead costs - Applied fixed overhead
= $301,680 - $300,000
= $1,680 Unfavorable
B makes more sense it should be it
