What measures the change in prices of s basket of goods and services in a given year

Coral Music manufactures harmonicas. Coral uses standard costs to judge performance. Recently, a clerk mistakenly threw away so

jeka57 [31]

Answer:

Explanation:

std rate $9.00

actual rate $8.50

standard hours 5,200

Total variance: 390 Favorable

Rate variance:

$(standard\:rate-actual\:rate) \times actual \: hours = DL \: rate \: variance$

Efficiency

$(standard\:hours-actual\:hours) \times standard \: rate = DL \: efficiency \: variance$

Total:

rate + efficiency

$(standard\:rate-actual\:rate) \times actual \: hours + (standard\:hours-actual\:hours) \times standard \: rate = 390$

We plug our know values and solve:

$(9 - 8.5) \times actual \: hours + (5,200-actual\:hours) \times 9 = 390$

0.5actual hours + 46,800 - 9actual hours = 390

46,800 - 390 = 8.5 actual hours

46,410/8.5 = actual hours = 5,460

now we calculate each variance:

rate: 2,730

$(9-8.5) \times 5,460 = DL \: rate \: variance$

efficiency (2,340)

$(5,200-5,460) \times 9 = DL \: efficiency \: variance$

8 0

3 years ago

When using horizontal differentiation, a firm divides itself into subunits based on function, type of business, or.

Vitek1552 [10]

When using horizontal differentiation, a firm divides itself into sub units based on function, type of business, or Geographic area

Horizontal Differentiation :

Horizontal differentiation refers to distinctions in products that cannot be easily evaluated in terms of quality. This stands in contrast to vertical differentiation, where the distinctions between products are objectively measurable and are based in the products' respective level of quality. Horizontally differentiated products vary only marginally, as it's more efficient for producers to try to capture as many new consumers as possible with minimal additional costs. While horizontally differentiated products tend to command similar prices at equilibrium, the lack of relationship to quality does not necessarily imply that they cost the same -- two products may be virtually identical in all considerations except for color or flavor and still be offered at totally different prices.

What is meant by geographical area?

Geographical Area means an area covering all or part of the territory of a Member State or extending to all or part of the territory of other Member States.

An area of land that can be considered as a unit for the purposes of some geographical classification.

Learn more about Horizontal differentiation :

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5 0

1 year ago

Keystone Foods, which invented the individual quick freeze process for beef, provides McDonald's with millions of pounds of chic

garik1379 [7]

Answer:

industrial

Explanation:

Generally companies can focus on producing goods and services for final consumers (B2C market), for other businesses (B2B market) or for the different government levels (public contracts).

In this case, Keystone Foods focuses on business-to-business (B2B) markets since it provides intermediate goods to other companies that later processes them into final goods that are purchased by final consumers.

5 0

3 years ago

Kanye, Jonny, Jaco, and Neil are trying to form a band. They each have some basic skills on most instruments, so their current p

Naddika [18.5K]

Answer:

2- Have each member specialize in the role that they are best in, to take advantage of benefits from specialization.

Explanation:

Here are the options

1- Continue with the current plan, as economies of scale should eventually kick in.

2- Have each member specialize in the role that they are best in, to take advantage of benefits from specialization.

3- Abandon the band, as continued practice is doomed to suffer diminishing marginal returns.

4- Invest their remaining savings in new instruments, as they are at a point where the marginal product of capital exceeds the marginal product of labor.

5- Change the rotation to be random rather than equal, to take advantage of heteroskedasticity.

Specialisation is when a person focuses on an activity in which they are efficient in or have a comparative advantage in

A person has a comparative advantage in production if he produces at a lower opportunity cost when compared to other people

Jaco seems to be efficient at playing bass, thus he should specialise in this activity

Jonny seems to be efficient at playing the guitar, thus he should specialise in this activity

An advantage of specialisation : Increased efficiency as a result of carrying out the same activity multiple time.

8 0

2 years ago

When recording inflow and outflow of cash flow statements it is important to

Nastasia [14]

Answer: Cash inflows include the transfer of funds to a company from another party as a result of core operations, investments or financing. Such cash inflows include payments to the company by customers and banks and the contribution of equity by investors who purchase the company’s stock or partial ownership in a company.

Cash outflows include the transfer of funds by a company to another party. Such cash outflows include payments to business partners including employees, suppliers or creditors. Cash outflows also occur when long-term assets are acquired, investments are purchased, or settlements and expenses are paid.

7 0

3 years ago