Which component of u.s. household spending has grown the most over the past ten years? spending on nondurable goods savings spen
1 answer:
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The question is incomplete:
If Farmer Brown plants no seeds on his farm, he gets no harvest. If he plants 1 bag of seeds, he gets 5 bushels of wheat. If he plants 2 bags, he gets 9 bushels. If he plants 3 bags, he gets 12 bushels. A bag of seeds costs $120, and seeds are his only cost.
Farmer Brown's total-cost curve is
a. increasing at an increasing rate.
b. increasing at a decreasing rate.
c. increasing at a constant rate.
d. decreasing.
Answer:
a. increasing at an increasing rate.
Explanation:
To determine the answer, you can create a graph with the information given hich is attached.
You can see that the curve is increasing and because of that you can eliminate option d that is decreasing. Then, you have to consider that increasing at a constant rate would show an straight line which is not the case. Also, increasing at a decreasing rate would show a decreasing slope which is not what you see in the graph. Because of that, the answer is that Farmer Brown’s total cost curve is increasing at an increasing rate because the graphs shows an increasing slope.
Answer:
Direct labor rate variance = (SR - AR) AH
October = ($15 - $15.20) 16,250 = - $3,250 Unfavorable
November = ($15 - $15.25) 22,000 = - $5,500 Unfavorable
Direct Labor Efficiency Variance = (SH - AH) SR
October = (16,800 - 16,250) $15 = 8,250 Favorable
November = (18,000 - 22,000) $15 = - $60,000 Unfavorable
Direct Labor Cost Variance = Standard Cost - Actual Cost
October = $252,000 - $247,000 = $5,000 Favorable
November = $270,000 - $335,500 = - $65,500 Unfavorable
Explanation:
Computing variances for each month
Particulars October November Equation
Total units produced 5,600 units 6,000 units (a)
Standard hour per unit 3 hours 3 hours (b)
Total standard hour SH 16,800 18,000 (c) = (a)*(b)
Total standard cost
of labor @ $15 SR per hour $252,000 $270,000 (d) = (c) * 15
Actual hours used AH 16,250 22,000 (e)
Actual cost $247,000 $335,500 (f)
Actual Rate per hour AR $15.20 $15.25 (g) = (f)/(e)
Using the above information we have
Direct labor rate variance = (SR - AR) AH
October = ($15 - $15.20) 16,250 = - $3,250 Unfavorable
November = ($15 - $15.25) 22,000 = - $5,500 Unfavorable
Direct Labor Efficiency Variance = (SH - AH) SR
October = (16,800 - 16,250) $15 = 8,250 Favorable
November = (18,000 - 22,000) $15 = - $60,000 Unfavorable
Direct Labor Cost Variance = Standard Cost - Actual Cost
October = $252,000 - $247,000 = $5,000 Favorable
November = $270,000 - $335,500 = - $65,500 Unfavorable