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Nata [24]
3 years ago
15

In a company's standard costing system, direct labor-hours are used as the base for applying variable manufacturing overhead cos

ts. The standard direct labor rate is twice the variable overhead rate. Last period the labor efficiency (quantity) variance was unfavorable. From this information one can conclude that last period the variable overhead efficiency (quantity) variance was:
Business
1 answer:
BARSIC [14]3 years ago
4 0

Answer:

From this information one can conclude that last period the variable overhead efficiency (quantity) variance was <u>unfavorable.</u>

Explanation:

The variable overhead efficiency variance measures the difference between the actual and budgeted hours worked with respect to standard variable overhead rate per hour.

Variable overhead efficiency variance can be calculated thus:

Actual labor hours less budgeted labor hours x Hourly rate for standard variable overhead

If the time it takes to manufacture a product and the time budgeted for it matches or performs well, the labor efficiency is favorable.

Variable overhead efficiency variance is deemed unfavorable when it takes the company more time than budgeted to produce. This also shows labor efficiency variance was unfavorable.

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According to the demand-pull theory, inflation is caused by:
Aliun [14]

Answer:

Understanding Demand-Pull Inflation

Demand-pull inflation is a tenet of Keynesian economics that describes the effects of an imbalance in aggregate supply and demand. When the aggregate demand in an economy strongly outweighs the aggregate supply, prices go up. This is the most common cause of inflation.

Explanation:

hope it helps you

6 0
3 years ago
Evidence by Blake, Elton, and Gruber indicates that, on average, actively managed bond funds ______. outperform passive fixed-in
Andrei [34K]

Answer:

The answer is: underperform passive fixed-income indexes by an amount equal to fund expenses

Explanation:

According to Blake, Elton, and Gruber (The Journal of Business, 1993), the only people who benefit from actively managed bond mutual funds are those that work for the mutual funds and not their clients.

They discovered that when the mutual funds increased their fees in 1%, the total performance decreases in 1%.

7 0
3 years ago
Select the correct answer.
natita [175]
I think C because a cartoon is not in real life so a DIGITAL DESIGNER needs to make these cartoons to be shown on television.

Hope this helps!!
Brainliest??
7 0
3 years ago
A speedboat is considered to be a normal good and a luxury good. therefore, we would expect the income elasticity of demand to b
Soloha48 [4]
<span>Speedboat is considered to be a luxury good. Income elasticity is considered to be positive with the level of income which means if the income level is higher then the demand for luxury goods will also be higher. In this case, as the income increases, the demand of speedboat will be increased. Hence, speedboat has a positive relation with income elasticity of demand.</span>
4 0
3 years ago
why is the selection of profession a key component of the career Development Plan ?give reason to justify your answer.​
viva [34]
<h3>A career plan is important as it can help you manage the direction of your career, the job skills and knowledge you may need, how you get them and how you can secure your dream job. Developing a career plan can make major objectives that seem impossible become much more manageable.</h3>

3 0
3 years ago
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