A. Knowing how to prioritize
Answer:
Direct labor rate variance= $1,666 favorable
Explanation:
Giving the following information:
The company produced 5,200 units in January using 2,380 direct labor-hours.
The actual direct labor rate was $19.30 per hour
<u>To calculate the direct labor rate variance, we need to use the following formula:</u>
<u></u>
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Direct labor rate variance= (20 - 19.3)*2,380
Direct labor rate variance= $1,666 favorable
Answer:
"trading fortress."
Explanation:
Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.
Firms outside of trading areas run the risk of being shut out of the single market by the creation of a "trade fortress." A trade fortress serves as a barrier for the exchange of goods and services.
Free trade policy includes the adoption and implementation of tariffs and quotas between countries.
Trade policies tariffs and quotas will most likely benefit domestic producers of the protected good and harm domestic consumers of the protected good as they're made to pay for the consumption of imported products. Hence, under free trade there are more societal benefits due to the specialization of domestic goods.
Tariffs can reduce both the volume of exports and imports in a country.
Answer:
If Ricardian neutrality holds true, after this change in the government's budget, private savings will equal 40.
Explanation:
S - I = X - M, where
S = Sp + Sg, where
Sp: private saving
Sg: Public saving = T - G
Sp + T - G - I = X - M
or,
Sp - I = (G - T) - (M - X) = Budget deficit - Trade deficit
Initially,
65 - 30 = 90 - 100 = - 10
When budget deficit falls to 50,
Sp - 90 = 50 - 100
Sp = - 50 + 90 = 40
Therefore, If Ricardian neutrality holds true, after this change in the government's budget, private savings will equal 40.
