Answer:
Option (a) and (c) are correct.
Explanation:
We know that rent control is an example of price ceiling. If the price of apartments set below the equilibrium price level then there is increase in the demand for apartments. So, the demand for apartments exceeds quantity supplied at the prevailing market price.
(a) Therefore, the quality of rental housing falls because of the lower price of the apartment. As this will become less profitable for the landlords, so they are least interested in the maintenance of the apartments.
(b) This will also lead to develop black market. The landlords are trying to fool the higher authorities and rent their apartments at a higher cost because this will be done without any type of legal documentation of the apartments or results from the manipulation of the rules.
Answer:
Crash the schedule.
Explanation:
Fast-track can complete the task earlier but takes more money. Assign more experienced people will cost the management more money. Cut scope reduces the project requirement and finishes the task earlier. Therefore, options A B and D can not be the answer.
Crash the schedule (option C) is the answer because it allocates enough resources to complete the task earlier without spending more money.
Answer:
$7.05
Explanation:
Given that
Direct labor = $3.50 per unit
Direct material = $1.25 per unit
Variable overhead = $41,400
Total fixed overhead = $150,000
Produced units = 18,000
The computation of total product cost per unit under variable costing is shown below:-
Total Variable overhead = Variable overhead ÷ Produced units
= $41,400 ÷ $18,000
= $2.3
Total product cost per unit = Direct labor + Direct material + Total variable overhead
= $3.50 + $1.25 + $2.3
= $7.05
Corporate/Managers higher than him
Employees/ his staff
Customers/ people who buy from his business
Deliveries/ the people who bring shipment to his store
Answer:
•Variable service department costs are charged to operating divisions based on the budgeted rate and actual activity.
• Fixed service department costs are based entirely on budgeted data.
Explanation:
Out of the statements in the question, the correct statements are:
Fixed service department costs are based entirely on budgeted data and
Variable service department costs are charged to operating divisions based on the budgeted rate and actual activity.
It should be noted that fixed cost doesn't varies with production level but variable cost varies with production level.
