Answer:
A)
standard :direct material :9000/1000=9 pound per bad*.40=3.6
DL :48/1000=.048 *8.5=.408
voh: 16/1000=.016*10=.16
Actual Standard
DM 3578/1000=3.578 3.6
DL 450/1000=.45 .408
VOH 225/1000=.225 .16
Total variable cost per bag $4.253 4.168
b)
Materials price variance =actual cost-[AQ*SR]
=3578-[9300*.40]
= 3578- 3720
= -142 F
Quantity variance =SR[AQ-SQ]
= .40[9300-9000]
= 120 U
Labor rate variance = Actual cost-[ah*sR]
= 450-[45*8.5]
= 450-382.5
=67.5 U
Labor efficiency variance =SR[AH-SH]
= 8.5[45-48]
= -25.5 F
Variable overhead rate variance = actual cost- [AH*SR]
= 225-[18-10]
= 225-180
= 45 U
VO efficiency variance =SR[AH-SH]
= 10[18-16]
= 20 U
c)
A-Use of higher skilled employees and high efficiency equipment.
Engagement of skilled labor requires high payment resulting unfavorable variance and with the use of high efficiency equipment ,labor time is reduced resulting favorable variance.
The most sensible approach for addressing the issue of applicant truthfulness would be to <u>verify the </u><u>applicant information</u><u> provided that is deemed most vital.</u>
An applicant is a person who registers or applies for something. For example, job seekers often fill out a form and then interview for their desired position. When you submit an application for admission to the school of your choice, you become an applicant for that school.
The plaintiff and the defendant are parties to the case. Complainants are parties who file a case with ACAT (usually by filing an application). Respondent is the party responding to a case filed by Complainant in her ACAT.
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Surely if said country was looking to begin trade with other countries then they would most benefit by having no trade restrictions. They could apply restrictions later if a complication arises (such as drugs, weapons or other nasties), however from my understanding if a restriction was placed on imported goods then it could result in the trade partner in turn restricting imports from the country in question. Sure they could promote their own exports more, however if they are more prepared to receive than to give then potential trade partners might not be so keen. Dunno if this helps, just my two cents really
Answer:
Store of value.
Explanation:
In economics or financial accounting, money can be defined as any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.
Simply stated, money refers to any asset which can be used to purchase goods and services by customers.
This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.
The three (3) main functions of money all over the world are;
I. Medium of exchange.
II. Unit of account.
III. Store of value.
In this scenario, Jeffrey went to a financial manager to begin planning for his son's future by opening a college savings account. Thus, this is is an example of a store of value because the purchasing power was transferred from the present to the future.
In conclusion, money being a store of value makes it possible to transfer purchasing power between traders and buyers from the present to the future.