Answer: $1,794.40 Unfavorable
Explanation:
Total labor variance = Actual cost of labor - Standard cost of labor
Actual cost of labor = $40,400
Standard cost of labor = Hours per unit * Cost per hour * Number of units
= 2.2 * 10.70 * 1,640
= $38,605.60
Total labor variance = 40,400 - 38,605.60
= $1,794.40 Unfavorable
<em>Unfavorable because actual cost of labor was greater than the standard cost. </em>
Answer:
The opportunity cost of that decision is - $250,000
Explanation:
For computing the opportunity cost, we have to use the formula of opportunity cost which is shown below:
= Return of project which is not chosen - the return of a chosen project
= $750,000 - $1,000,000
= - $250,000
Since in the question, it is given that the chosen project is X so we write the project X amount in the formula and the not chosen project of-course is Y.
Hence, the opportunity cost of that decision is - $250,000
The correct order is the following:
1.- Assess the current reality.
2.- Establish the mission and vision
3.- Formulate the grand strategy & strategic, tactical & operational plans
4.- Open choices for matching.
5.- Maintain strategic control.
Great leaders know that managers have to assess the current reality of the company, the competitors, and the economic situation of the company, as well as microeconomic and macroeconomic factors. Then, the strategic planning has to begin with the definitions of the mission and vision, as well as the values that will represent the moral "pillars" of the company. Then, it comes the formulating of goals, the strategies to reach the goals, followed by the tactics that will show the details on how to accomplish those goals.
A country's currency should be easily exchangeable because d. lets you buy and sell goods and services anywhere in the world.
<h3>Importance of international trade </h3>
- Allows a country and its people to get richer.
- Allows consumers to have access to more goods and services.
Those goods and services need to be able to be purchased regardless of the country one is in. This is why currency needs to be easily exchangeable so as to facilitate this trade.
In conclusion, option D is correct.
Find out more on international trade at brainly.com/question/15115779.
Explanation:
Yes the statement is True.
When life expectancy is higher, the responsibilities to take care of the person lingers on. A person can feed himself at the age of retirement. After that, he will be dependent upon the other members of the family and thus increase their responsibility of taking care of him. Short life expectancy means less family responsibility upon others. Family responsibilities include feeding of the dependent, getting him clothes, meeting his health care, fulfilling his other responsibilities. With the increased life expectancy, such family responsibilities also increases.
