Labor is a resource that is necessary to produce many goods. "If the price of labor falls," says the economist, "the prices of goods will soon follow."
This works because A) the supply of goods rises.
Answer: Joy, who likes to work hard until a task is completely finished.
Explanation:
From the question, we are informed that Arney has been retained by Fluffy Soft Programmers to hire a new worker because he is an expert at personality types and their effect on job performance.
Out of the options that are given in the question, Arney should hire Joy, who likes to work hard until a task is completely finished. Other options are not good options in this case and wouldn't bring positivity to the organization.
The Mediterranean climate zone would be great for agriculture because it deals with farming and irrigation, which since it has good climate, would also have great soil, which would result in successful crops. <span>
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Answer:
Financial accounting is more highly regulated than managerial accounting.
Explanation:
Financial accounting is highly regulated and follows laid down principles that must be followed. International Financial Reporting Standard (IFRS) and Generally Accepted Accounting Principles (GAAP) are two examples of regulatory guidelines for financial accounting.
On the other hand managerial accounting is flexible and tailored to the manager's needs.
It must not follow the strict guidelines of financial accounting. This is because managerial accounting is used internally by a company and is not subject to public scrutiny.
Answer:
Favorable for price and unfavorable for usage.
Explanation:
Provided Information,
Standard Material = 2.2 pounds per unit
Standard cost = $2 per pound
Actual Quantity = 2.3 pounds per unit
Actual cost = $1.95 per pound
In Material Price variance we have = (Standard Price - Actual Price) 
Actual Quantity
Since Standard Price $2 is more than actual price = $1.95 the variance is favorable.
In material quantity variance we have = (Standard Quantity - Actual Quantity) Standard Rate
Since actual quantity used = 2.3 pounds is more than standard 2.2 pounds the variance will be unfavorable
Therefore, Price Variance = Favorable, and Quantity Variance = Unfavorable.
