Answer:
E. $25,000 unfavorable
Explanation:
The labor efficiency variance shall be calculated using the following formulas:
Labor efficiency variance=((Standard labor hours used to make the actual production
)- (Actual labor hours used to make the actual production))* standard rate per hour
Standard labor hours used to make the actual production=15,000
Actual labor hours used to make the actual production=17,500
standard rate per hour=$10 per hour
Labour efficiency variance=(15,000-17,500)*10
=25,000 unfavourable
So based on the above discussion, the answer shall be E. $25,000 unfavorable
Based on the information given, it can be deduced that the annual percentage rate (APR) is 24%.
The annual percentage rate simply means the yearly interest that's generated by a sum that's charged to a borrower. In this case, the APR is 24% after 6 months.
Also, the credit cards that have an annual fee will be credit card 2 and 3. It can also be deduced that the grace period is the same for the three credit cards while credit 3 has a membership.
If one pays the credit card bill on time and the balance each month, the best credit card is credit card 1. Lastly, when one has a balance from time to time credit card 1 is still the best.
Learn more about APR on:
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Answer:
Option (E) is correct.
Explanation:
For utility maximization,
Bob's consumption of Housing and food should be such that:
Here,
= 50
=20
Bob is not maximizing utility, as these two terms are not equal(50 > 20).
Since the marginal utility per rupee spent on housing is greater than that on food.
Hence, Bob can increase his utility just by consuming more of housing and less of food.
Answer:
$320,000
Explanation:
As we know that the
Comprehensive Income = Operating profits + Unrelated profits
The unrelated profits here is profit generated arising due to the sale of debt securities which is not the core operation of the company and hence is unrelated profits.
So by putting values we have:
Comprehensive Income = ($800,000 - $600,000 + $90,000) + $30,000
Comprehensive Income = $320,000
Answer: C. The loss of profit from delayed opening.
Explanation: Tile and Grout failed to execute the job they were contracted and caused water world to delay opening. In business Tile and Grout company will be held liable for failure to execute contract.
Water world can recover the loss of profit from delayed opening due to the failure in the part of Tile and Grout company.
