The variable overhead efficiency variance uses exactly same inputs as direct labor efficiency variance statement regarding the variable overhead variance analysis is true.
<h3>
What is variable overhead?</h3>
The varying production costs a business incurs while operating are referred to as "variable overhead." As industrial output changes, so do variable overhead expenses. Different from variable overhead are the general expenditures associated with administrative tasks and other operations that have predetermined budgetary requirements. Organizations need to understand variable costs clearly in order to prevent overspending, which can reduce profit margins. They will be able to precisely set prices for future products thanks to this. For businesses to succeed and stay in operation, they must invest money in the development and promotion of their goods and services. The term "overhead" refers to all costs related to operating a firm, such as managers, salespeople, and marketers for both the corporate office and the manufacturing plants.
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Below are the choices that I manage to check from other source:
A.Standard errors
B.Interval widths
C.Z-statistic
D.<span>Both b and c
The answer is D which is </span>Both b and c.
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Answer:
(a)
For Job G15:
Direct labor = $20,000
Overhead applied = 16,000
Overhead rate = 
= 0.8 × 100
= 80%
Overhead applied = Direct labor × 80%
= $20,000 × 80%
= $16,000
Overhead is applied on direct labor. Hence, rate is 80%.
Overhead for Job B10 = Direct labor × 80%
= $54,000 × 80%
= $43,200
Therefore,
Total overhead applied = $43,200 + 45,750 + 16,000
= $104,950
(b) Hence,
Overapplied overhead for February:
= Total overhead applied - Actual Overhead
= $104,950 - $68,500
= $36,450
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Answer:
5%
12%
Explanation:
Unemployment rate is the fraction of the labour force that are unemployed but are actively looking for work
Types of unemployment include:
Frictional unemployment : it is the period of time a person is unemployed from the period he leaves his current job and the time he gets another job. The 300 unemployed people are frictionally unemployed
structural unemployment : it occurs as a result of changes in the economy. These changes can be as a result of changes in technology, polices or competition . Structural unemployment tends to be permanent. The 420 unemployed people are structurally unemployed
Voluntary unemployment : e.g. worker at a fast-food restaurant who quits work and attends college.
Cyclical unemployment : occurs as a result of fluctuations in the economy
Frictional unemployment = (total frictional unemployed people / total labour force ) x 100
(300 / 6000) x 100 = 5%
Total unemployment rate = (total frictional unemployed people + total structural unemployed individuals / total labour force ) x 100
[(300 + 420) / 6000] x 100 = 12%
