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Alexandra [31]
3 years ago
14

The price elasticity of a good will tend to be larger:

Business
1 answer:
gregori [183]3 years ago
5 0
The price elasticity of a good will tend to be larger the longer the relevant time period.
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The following standards for variable manufacturing overhead have been established for a company that makes only one product:
Marianna [84]

Answer:

variable overhead efficiency variance= $22,780 unfavorable

Explanation:

Giving the following information:

Standard hours per unit of output 7.0 hours

Standard variable overhead rate $ 13.40 per hour

Actual hours 2,725 hours

The actual output of 150 units

To calculate the variable overhead efficiency variance, we need to use the following formula:

variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate

Standard quantity= 150*7= 1,050 hours

variable overhead efficiency variance= (1,050 - 2,750)*13.4

variable overhead efficiency variance= $22,780 unfavorable

6 0
3 years ago
In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles the following information: C
12345 [234]

Answer:

$4,400

Explanation:

The bank reconciliation is one done between the balance per the books and balance per the bank statement. This is usually as a result of transactions known as reconciling items.

These are items that have either been recognized in books but yet to be recorded by the bank or vice versa, transactions recorded wrongly by one of the parties etc.

The adjusted cash balance is the balance after all the transactions omitted from the cash balance have been considered.

Deposits in transit at month-end $ 1,900  - No adjustments required

Outstanding checks at month-end $ 570 - No adjustment required

Bank service charges $ 30 - To be deducted

EFT automatically deducted monthly, not yet recorded by Maxi $ 480 - To be deducted

An NSF check returned on a customer account $ 315 - To be deducted

Adjusted cash balance = $5,225 - $30 -$480 - $315

=$4400

3 0
3 years ago
You rented space for a kiosk at the mall last year for the holiday season for $750. This year they increased it to $825. What is
bekas [8.4K]

Answer:

10%

Explanation:

Cost of kiosk last year = $750

Cost of kiosk this year = $825

Percentage increase = $825-$750 / $750 * 100

Percentage increase = $75 / $750 * 100

Percentage increase = 10%

So the percentage increase in the cost of rent is 10%.

6 0
3 years ago
What is the copyright process ?
balandron [24]

The way in which copyright protection is secured is frequently misunderstood. Copyright is secured automatically when the work is created. A work is "created" when it is fixed into a book, tape or electronic medium for the first time.

4 0
3 years ago
Read 2 more answers
Describe at least four ways you can take money out of a checking account. ​
Klio2033 [76]

Answer:

yes

Explanation:

You, as the account owner, can also withdraw or remove funds from the account. You can withdraw by automatic electronic transfer, check, ATM card or debit card. There are many ways these days to withdraw money from your accounts.

7 0
3 years ago
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