The answer is d. when tomaas sowed mr. white....
Answer:
$14,500 unfavorable variance
Explanation:
the direct labor cost variance is calculated with the following formula:
direct labor variance = total actual labor hours x (actual labor cost per hour - standard cost per hour)
direct labor variance = 1,000 hours x ($48.15 - $34) = $14,500 unfavorable variance
The variance is unfavorable because the actual labor cost is much higher than the estimated labor cost.
Answer:
the total general and admin expense is $8,200
Explanation:
The computation of the total general and admin expense is given below:
Administrative salaries $4,300
Other cash administrative expenses $1,700
Depreciation $2,200
General and administrative expenses budget $8,200
hence, the total general and admin expense is $8,200
We simply added the above 3 items so that the correct value could come
Answer:
B. amount of time the producer has to adjust inputs in response to a price change.
Explanation:
- When talking about elasticity of supply, we are refering to the sensibility of quantity produced when price changes.
- If <u>price increases, producers have an incentive to increase the quantity they offer</u>. This will be <u>conditioned by the productive process they face</u>.
- If it is relatively easy to increase output when facing an increase in prices elasticity of supply would be relatevely high.
- If it is relatively difficult or slow to increase output (think about real assets for example, their production takes more time than produceing candies), facing an increase in prices would not inmediately increase offered quantities. In this case elasticity of supply would be relatively low.
- Then, the amount of time represents a crucial aspect when thinking about how supply can change when prices changes, conditioning the value of elasticity of supply.
Answer: C. As reporting for an integral part of an annual period.
Explanation:
Interim Financial reporting should be treated as an important and complete part of the annual financial statement. It should follow all the generally accepted accounting principles. More reason for that is tax rates used in interim report is the same that is used in the annual financial statement as well (due to the estimate taken in the interim report). Many of the firms consider the interim financial reporting as an integral part of the annual report.
