Answer:
Explanation:
A watermill or water mill is a mill that uses hydropower. It is a structure that uses a water wheel or water turbine to drive a mechanical process such as milling (grinding), rolling, or hammering. Such processes are needed in the production of many material goods, including flour, lumber , paper, textiles, and many metal products.
Answer:
Instructions are listed below
Explanation:
Giving the following information:
Inc. produced 1,000 units of the company's product in 2016. The standard quantity of direct materials was three yards of cloth per unit at a standard cost of $ 1.40 per yard. The accounting records showed that 2,400 yards of cloth were used and the company paid $ 1.45 per yard. Standard time was two direct labor hours per unit at a standard rate of $ 9.75 per direct labor hour. Employees worked 1, 900 hours and were paid $ 9.25 per hour.
1) Standard costs are beneficial because they set a limit on which to perform. It gives a route to follow and an objective to achieve.
2) Direct material price variance= (standard price - actual price)*actual quantity
Direct material price variance= (1.40 - 1.45)*2,400= $120 unfavorable
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Direct material quantity variance= (3yards*1000units - 2400)*1.40= $840 favorable
Direct labor efficiency variance= (SQ - AQ)*standard rate
Direct labor efficiency variance= (2hours*1000 units - 1,900)*9.75= $975 unfavorable
Direct labor price variance= (SR - AR)*AQ
Direct labor price variance= (9.75 - 9.25)*1900= $950 favorable
Answer: insurance services
Explanation:
Answer:
- Factors of production, household-to-firm
- Factors of production, household-to-firm
- Goods and services, firm-to-household
- Goods and services, firm-to-household
Explanation:
As per Circular Flow of Income
- Households provide firms with factors of production - Land, Labour, Capital, Entrepreneur. They get factor incomes from firms - wages, rent, interest, profit in return.
- Firms provide households with goods & services, get prices for them in return.
- Yakov earning 'wage' by working i.e supplying 'labour' services : is flow of factor of production from households to firm .
- Juanita earning 'profit' by supplying 'entrepreneurship' service : is flow of factor of production from households to firms
- Ana paying 'price' for good 'yoghurt' : is flow of goods & services from firms to households
- Dina paying 'price' for service 'piano lesson' : is flow of goods & services from firms to households
Answer:
return on customer
Explanation:
Return on Customer known as ROC can be regarded as the metric designed by the company, it entails the measure of generated profit from the customer during a particular period of time as well as the value changes of customers both positive and negative changes during the particular period. However the customer must be a trusted one for firm to carry out this. It should be noted that The metric that measures how well an enterprise is using customers to create short-term and long-term value is return on customer.