Answer:
Total variation= $363 favorable
Explanation:
Giving the following information:
Sheridan Company’s standard labor cost per unit of output is $33.00 (3.00 hours x $11.00 per hour). During August, the company incurs 2,970 hours of direct labor at an hourly cost of $12.10 per hour in making 1,100 units of finished product.
Direct labor efficiency variance= (SQ - AQ)*standard rate
Direct labor efficiency variance= (3,300 - 2,970)*11= 3,630 favorable
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Direct labor rate variance= (11 - 12.1)*2,970= 3,267 unfavorable
Total variation= 363 favorable
Answer:
<em>because the existing models have been in place for so long, they are considered untouchable, the equivalent of an economic law.</em>
Explanation:
The rational economic model is even more widely used in economics because it is easier to measure. Although people have irrational behaviors, they are more subjective, which makes the rational model still the most used by the economy, because through it is possible to measure behavior patterns, statistical data and information relevant to the economy.
Answer:
4.93%
Explanation:
We use the Rate formula shown in the spreadsheet for this question
The time period is represented in the NPER.
Provided that,
Present value = $1,000 × 105% = $1,050
Assuming figure - Future value or Face value = $1,000
PMT = 1,000 × 5.3% ÷ 2 = $26.5
NPER = 25 years - 2 years = 23 years × 2 = 46 years
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after solving this, the yield to maturity is 4.93%
Answer:
The increased government spending generates people to have an increase in funds available which will allow them to increase their consumption and liek that the demand increases.
Explanation:
If there is an increase in government spending, this will cause people to have more funds available, for example, it can cause the unemployed people to find jobs which will allow them to have more money to spend. Because of that, the demand for products and services will increase which can produce growth in the short term.
