Answer:
a. 150 hours
b. 24.2 hours
Explanation:
Given
Motor tune-up
Standard Hours 2.5
Standard Rate $25.00
Standard Cost $62.50
Labor rate variance $ 150 F
Labor spending variance $ 200 U
Tuneups = 50
a.
Efficiency Variance = Labor Rate Variance + Labor Spending Variance
Efficiency Variance = 150 + 200 = 350
Total Standard Rate = Standard Rate * Actual Hours
Total Standard Rate = 25 * AH
Total Standard Hours = Standard Hours * Turn ups
Total Standard Hours = 2.5 * 50= 150
Efficiency Variance = Standard Rate (Actual Hours - Total Standard Hours)
350 = 25 (AH - 150)
14 = AH - 150
AH = 150 + 14
AH = 164 hours
b.
Rate Variance = AH (Actual Rate - Standard Rate)
Where AH = 164
Actual Rate = ?
Standard Rate = 25
Rate Variance = -150 ---- Given
So
-150 = 164(AR -25)
-150/164 = AR - 25
AR = 25 - 150/164
AR = 3950/164
AR = 24.08537 ---
AR = 24.1 --- Approximated
Answer: Option E
Explanation: Consumer surplus is a reflection of consumer benefits economically. Consumer surplus arises when the price consumers pay for a product or service is lower than the value they are prepared to pay.
It's a representation of the extra benefit customers get because they spend less for anything than they're ready to pay. Consumer surplus is centered on the marginal benefit economic theory, which seems to be the added value that a consumer receives from another segment of a product or service.
Thus, from the above we can conclude that the correct option is E .
Answer:
The correct answer is option D.
Explanation:
NDP or net domestic product is calculated by deducting depreciation from GDP or gross domestic product.
Gross domestic product is the measure of final goods and services produced in an economy in a given time period, generally a year.
Gross domestic product will be the sum of consumption, investment, government expenditure and net exports.
NDP
=GDP-Depreciation
=$(16-1)
=$15 trillion
So, NDP is $15 trillion.
Answer: B Im pretty sure
Step by step explanation:
The meaning of rational is doing someone with reason or logic so B seems like the rational answer..
Beach Bake, a small maker of a new sunscreen, needs financing to build a warehouse. The owner wants to avoid personal loans. Asset-based financing I would recommend.
What is asset based financing?
Working capital and term loans are given to businesses using a specific technique called asset-based finance. As collateral, it uses real estate, accounts receivable, machinery, equipment, and inventories. When a loan to a corporation is backed by one of the company's assets, it is effectively referred to as a secured loan.
How do asset-based loans work?
Asset-based lending refers to a loan or line of credit given to a company and secured by a piece of property. Inventory, equipment, accounts receivable, and other balance-sheet assets are just a few examples of the different types of collateral utilized in asset-based lending.
Learn more about secured loan: brainly.com/question/17077155
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