Answer: $800 less than standard for the achieved level of activity
Explanation:
A flexible budget variance refers to the difference that occurs between the results that are gotten by a flexible budget model and the actual results gotten.
Since the flexible-budget variance is $800 favorable for unit-related costs, this indicates that costs were $800 less than standard for the achieved level of activity.
Therefore, the correct option is D.
Answer:
a. True
Explanation:
The above is true because culture constitute a way of life of people who share common value. Culture refers to the beliefs, values and norms among group of people. For instance, in some culture, the male when greeting lay flat on the ground, while the female knee; these actions symbolizes respect for the people whom they are greeting.
Examples of cultural beliefs includes but not limited to tradition beliefs, religion beliefs, social standards etc.
Answer:
This is because in a free market, the prices of goods and services are determined by market forces, and the price mechanism will always keep the market at equilibrium.
Explanation:
The free market is a market without government intervention, equilibrium price and quantity are determined by the interaction of the market forces, also called price mechanism , which Adams Smith referred to as the invisible hands in the market.
The free market cannot operate outside the equilibrium because, the market forces will always keep the market towards equilibrium. Even if equilibrium is distorted, as a result of any shock, the market forces will bring the market towards equilibrium all things being equal, except there is market failure.
a free market is a market in which prices of goods and services are set by demand and supply and are allowed to reach their point of equilibrium without government intervention
Answer:
A. units not completed and remaining in Work-in-Process Inventory for that department
Explanation:
Transferred to Department cost +
<u>Ending WIP cost </u>
Total costs assigned by the Department
The department start with a givne inventory, from which units are started or transferered-in form a previous process.
Cost are generated during the period (material, labor and ovehead)
The accounting determinates the units for which those cost should be accounted for
Then, they are allocated o the complete and transferred and the ending inventory inventory.
Answer: The correct answer is "c. will not be good for the economy since the presence of frictional unemployment increases economic efficiency.".
Explanation: Eliminating all frictional unemployment <u>will not be good for the economy since the presence of frictional unemployment increases economic efficiency.</u>
Frictional unemployment is voluntary unemployment that lasts the time between one worker leaving one job and finding another. That is, the unemployed person decided to leave his job voluntarily, either to rest, study or to find another job. It is beneficial for the economy, since it results in a better allocation of resources. However, if the search takes too long and the mismatches are too frequent, the economy suffers, since some work is not carried out.
