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vaieri [72.5K]
3 years ago
8

If the actual labor rate exceeds the standard labor rate and the actual labor hours exceed the number of hours allowed, the labo

r rate variance and labor efficiency variance will be:
a)
rate = Favorable efficiency = Favorable

b)
rate = Unfavorable efficiency = Favorable

c)
rate = Favorable efficiency = Unfavorable

d)
rate = Unfavorable efficiency = Unfavorable
Business
1 answer:
vladimir2022 [97]3 years ago
8 0

Answer:

Option D

Explanation:

As both, the actual rate and actual hours exceed the standards rate and standard hours, both rate and efficiency variance will be unfavorable.

And considering that if the actual labor rate exceeds the standard labor rate and if the actual labor-hours exceed the number of hours allowed, the total labor flexible budget variance will be unfavorable. As the variance is the difference between the Standard Cost and Actual Cost. So if both Standard rate & Standard hrs. are more than actual rate & actual hrs., Actual cost will be more than standard cost i.e. the variance will be unfavorable

Option d is correct

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2 years ago
BlendedBlended Corporation uses the allowance method to account for uncollectible receivables. At the beginning of the​ year, Al
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Answer:

The answer is: $2,300

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How can you solve circle geometry in a simple way​
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8 0
3 years ago
Read 2 more answers
As an oligopoly firm produces at a higher output, economies of scale allow the costs per unit (atc) to _____________ significant
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As an Oligopoly firm produces at a higher output, economies of scale allow the costs per unit (ATC) to <u>decline</u> significantly.

When firms in an oligopoly market individually chooses production in order to maximize profit, a quantity of output is produced by them which is higher than the level produced by monopoly and lesser than the level produced by competition.

The existence of economies of scale in certain industries can lead to oligopolistic market structures in those industries. This oligopoly market structure refers to a market form in which there are only a few sellers and they sell similar products.

The Oligopoly firm produces at a higher output, and so the costs per unit here decline significantly. Oligopoly firms are also able to take advantage of economies of scale that reduce production costs and prices.

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2 years ago
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Answer:

. All countries can gain from trade if they all specialize in production according to comparative advantage

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Absolute advantage is when a country produces more quantities of goods and services than its trading partners.

A country can still have comparative advantage in production if opportunity cost is increasing once it's opportunity cost doesn't become greater than that of its trading partners.

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