Answer:
actual and standard overhead rates
Explanation:
The overhead efficiency variance is calculated by the following formula
Overhead efficiency variance=(Standard hours used to make the actual production*Standard cost per hour)-(Actual hours used to make the actual production*Standard cost per hour)
So based on the above discussion, the answer is actual and standard overhead rates.
Answer:
See explanation below for answer.
Explanation:
One way in which the federal government makes money is to impose a tax on the salaries and wages earned by workers. This tax is a particular percentage of the salaries and wages of workers, and it is collected by the government to be used for various purposes.
Therefore, if the labour force were to be increased, meaning an increase in the number of workers in the economy, this would lead to more people earning wages and salaries, thereby translating into more tax to be collected by the government.
Hence, an increase in the labour force has a positive effect on government revenue, because it will lead to an increase in revenue collected from taxes.
Answer:
39 years
Explanation:
Under the rule of 70, the economy doubles its real GDP per capita income
In this the computation is done by dividing the 70 by the annual growth rate
So, the formula is shown below:
Time period = Rule of 70 ÷ growth rate
where,
Growth rate is 1.8%
So, the time period at which the GDP doubles is
= 70 ÷ 1.8
= 39 years
By dividing the rule of 70 by the growth rate we can find the number of years at which the GDP doubles
152.4 centimeters hope this helps
Answer:
does not apply to unpaid internships.
Explanation:
Minimum wage is the least price that can be paid to labour. It is an example of price floor.
To be binding, minimum wage is set above equilibrium price.
Minimum wage isn't applicable to unpaid internships because they aren't paid.
Minimum wage would affect the quantity of labour demanded and supplied.
I hope my answer helps you
