Answer:
The correct answer is A.
Explanation:
Giving the following information:
Refurbishing materials:
Variable cost= $600
Fixed costs= $18,800
Estimated cost= 600*35 + 18,800= $39,800
Actual cost= 600*32 + 18,800= $38,000
Refurbishing activity variance= Estimated - actual cost
Refurbishing activity variance= 39,800 - 38,000= 1,800 favorable
Answer: Define Project Needs, Understand the Project Objectives, Define the Project Scope
Explanation: Project Scope is defined as the work that needs to be accomplished to deliver a product, service, or result with the specified features and functions.
The scope of the project should have a tangible objective for the organization that is undertaking the project
There are 3 main steps of project scope and they are:
1. Define Project Needs
2. Understand the Project Objectives
3. Define the Project Scope
Scope statement are the documentation of the scope of the project will explain the boundaries of the project, establish the responsibilities of each member of the team and set up procedures for how the work that is completed will be verified and approved.
Answer: c. fixed-position layout.
Explanation:
This is a system that addresses the layout requirements of stationary projects.
Here, project remains in one place and workers and equipment come to that one work area.
Examples are plane, ship, highway, a bridge, a house, and an operating table in a hospital, etc.
Answer:
(B) $0.50
Explanation:
The total cost is a function of the number of maps sold and the number of books sold. To determine the cost of each, a set of equations have to be solved simultaneously.
Let the cost of a map be m and that of a book be b
12m + 10b = 38
20m + 15b = 60
6m + 5b = 19
4m/3 + b = 4, b = 4 - 4m/3
6m + 20 - 20m/3 = 19
2m/3 = 1
m = 3/2 = 1.50
b = 4 - 4m/3
b = 4 - 2 = 2
The cost of a book is $2 while that of a map is $1.50
Hence a map sell for $0.50 less than a book.
In the field of economics, the additional cost associated with one more unit of something is called a(n) marginal cost.
This is further explained below.
<h3>What is
marginal cost.?</h3>
Generally, The change in the overall cost that occurs as a result of an increase in the amount produced is referred to as the marginal cost.
This is also referred to as the cost of producing an extra quantity.
In conclusion, In the study of economics, the term "marginal cost" refers to the extra expense incurred by producing one more unit of a certain product or service.
Read more about marginal cost.
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