The he type of economy where the government controls some production means, but not all of it is a mixed economy.
<h3>Types of economic systems:</h3>
Five distinct types of economic systems have been recognized, including:
- Traditional
- Command
- Centrally planned
- Free Market
- Mixed
<h3>Characteristics of a mixed economy</h3>
- Private property and self-interest are protected.
- Free market activities are allowed.
- Prices of goods and services are determined by the laws of supply and demand.
- Government still intervenes in the means of production.
Thus, the type of economy where the government controls some production means, but not all of it is a mixed economy.
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CAN U PLS HELP PLS THIS IS SO HATD OMG
Answer:
Direct labor time (efficiency) variance= $2,080 unfavorable
Explanation:
Giving the following information:
Standard= 3 hours of direct labor per unit
The standard labor cost is $13 per hour.
During August, Hassock produced 9,000 units and used 27,160 hours
<u>To calculate the direct labor efficiency variance, we need to use the following formula:</u>
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
Direct labor time (efficiency) variance= (3*9,000 - 27,160)*13
Direct labor time (efficiency) variance= $2,080 unfavorable
Answer:
1,657,000 units
Explanation:
The FIFO method is concerned with the work done in the current production period.
<u>Equivalent Units of Production - Conversion Costs</u>
To finish Opening Work In Process ( 85,000 x 80%) 68,000
Started and Completed [(1,430,000 - 85,000) x 100%] 1,345,000
Ending Work In Process 305,000 x 80% 244,000
Total Equivalent Units of Production - Conversion Costs 1,657,000
therefore,
the equivalent units for the conversion cost calculation are: 1,657,000 units
Answer:
The correct answer is: $1,000,000 (one million dollars).
Explanation:
The Real Estate Recovery fund is the poll of money collected to refund people who have been affected somehow by real state brokers or salespeople. Fraud, misrepresentation or deceit are considered for his purpose and it is given only when no benefit can be provided to the person affected after court. If the amount implied is greater than $1,000,000 (one million dollars) the Real Estate Recovery Fund is unable to provide any reimbursement aid.
