Answer: The correct answer is "D. greater; less".
Explanation: The consumer surplus from water, which is cheap, is <u>greater </u>than the consumer surplus from gold, which is expensive. The total utility from gold is <u>less</u> than the total utility from water.
 
        
             
        
        
        
a. Standard labor-hours is 7920 hours.
b. Standard labor cost allowed is $42,768.
c. The labor spending variance is $1588(U).
d.  The labor rate variance is $1706 and the labor efficiency variance $3294(U).
e.  The variable overhead rate is $5971(U) and efficiency variances for the month $5580(U).
<u>Explanation:</u>
a)Standars hours(SH) allowed to make 19800 jogging mates
=SH per unit  19800
 19800
=(24/60)*19800
=7920 hours
24/60 has been taken to convert minutes into hours.  
b)Standard Labor Cost (SC) of 19800 jogging mates

=$42,768
c)Labour Spending Variance

=$1588(U)
d)Labor Rate Variance  

=$1706
Actual Hours(AH) * Actual Rate per hour(AR)= Actual Cost(AC)


Labor Efficiency Variance

=$3294(U)
e) Variable overhead rate variance = Actual hours worked  (Standard overhead rate - Actual overhead rate)
= 8530  (4.5 - 5.20)
= $5971(U)
Actual overhead rate = $44,356 / 8530 = 5.20
Variable overhead efficiency variance = Standard overhead rate   (Standard hours - Actual hours)
= 4.50  (7290 - 8530)
= $5580(U).
 
        
             
        
        
        
<span>The world’s richest countries are mostly found in Europe.
Therefore Sandra will be presenting most of the countries located in <u>“Europe”</u>.</span>
<span>One possible factor why Europe is so rich is because of
the numerous wars it encountered.  Aside
from the wealth obtained in the conquest, wars also lead to advancement in
technology. </span>