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dybincka [34]
3 years ago
15

Which is the main force behind the decisions made by producers in a free-market society?

Business
2 answers:
marysya [2.9K]3 years ago
7 0
The profit motive

Hope this helped!
STSN
Dahasolnce [82]3 years ago
4 0
<span><span>The profit motive. The quest for profit drives producers in a free-market. Hope this helps!!!</span></span>
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Michael keeps looking for his keys on the kitchen table, where he usually leaves them. eventually, he checks in his pocket and f
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He didn't leave them on the table this time
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3 years ago
What groups generally is charged with creating value through the process of organizing, coordinating, and leveraging employees a
stira [4]

Answer: C) managers

Explanation:

Managers are very important in world of business. They are leaders charged with getting a company from where it is to where it wants to be. Essentially their role is to create value. They do this by fulfilling certain duties expected of them through organizing, coordinating, and leveraging employees as well as other forms of capital such as plant, equipment, and financial capital to bring out a solid product that will contribute to the growth of the company.

Managers are therefore as already mentioned, important in business. It is for this reason that only the best should be chosen for such an integral role in a company.

5 0
3 years ago
Calculating the Direct Labor Rate Variance and the Direct Labor Efficiency Variance
bezimeni [28]

Answer:

Guillermo's Oil and Lube Company

Calculating the Direct Labor Rate Variance and the Direct Labor Efficiency Variance

a1. Direct labor rate variance (LRV) = Actual Labor Rate minus Standard Labor Rate multiplied by Actual hours worked

= $16 - $15 x 291

= $291 U

a2. Direct labor efficiency variance (LEV) = Standard hours minus Actual hours x Standard hourly rate

= 297 - 291 x $15

= $90 F

b1. Direct labor rate variance (LRV) = the difference between the actual wages paid and the standard wages

= (Actual labour rate x actual hours) - (standard rate x actual hours)

= ($16 x 291) - ($15 x 291)

= $4,656 - $4,365

= $291 U

b2. Direct labor efficiency variance = the difference between the actual number of direct labor hours worked and budgeted direct labor hours that should have been worked based on the standards

(291 x $15) - (297 x $15)

4,365 - 4,455

= $90 F

c. Total Direct labor rate variance (LRV) = Actual Wages minus Standard Wages

= (Actual labor rate x Actual hours) - (Standard labor rate x Standard hours)

= ($16 x 291) - ($15 x 297)

= $4,656 - $4,455

= $201 U

d. If actual wage rate paid in June was $14.00:

d1. Direct labor rate variance (LRV) = Actual Labor Rate minus Standard Labor Rate multiplied by Actual hours worked

= $14 - $15 x 291

= $291 F

d2. Direct labor efficiency variance (LEV) = Standard hours minus Actual hours x Standard hourly rate

= 297 - 291 x $15

= $90 F

d3. Total Direct labor rate variance (LRV) = Actual Wages minus Standard Wages

= (Actual labor rate x Actual hours) - (Standard labor rate x Standard hours)

= ($14 x 291) - ($15 x 297)

= $4,074 - $4,455

= $381 F

Explanation:

a) Data and Calculations

Actual number of oil changes performed: 990

Standard number of direct labor hours to for 990 oil changes = 990 x 0.3 hours (since 18 minutes = 0.3 hours or 18/60) = 297 hours

Actual number of direct labor hours worked: 291 hours

Actual rate paid per direct labor hour: $16.00

Standard rate per direct labor hour: $15.00

b) The impact on direct labor rate variance if the actual wage rate paid in June was $14 was to turn the unfavorable labor rate variance into a favorable variance of $291 and the total direct labor variance would have been a favorable variance $381 instead of an unfavorable variance of $201.

5 0
3 years ago
Northland Juices, a division of New York-based Apple &amp; Eve, competes with Ocean Spray in the cranberry juice category. To be
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Northland Juices, a division of New York-based Apple & Eve, competes with Ocean Spray in the cranberry juice category. To be successful, Northland must create selective demand in order to be selected over competitors.

Explanation:

Selective advertisement for competition requires ads to convince customers of the value of your particular brand advertisement. It varies from primary demand publicity and involves messages supporting the advantages of a special category of goods.

This is achieved using product messages which differentiate the products or services of the firm from everyone else based on their unique advantages or features. In general, specific demand advertisements can be detected by staring at the message's material. If it relies on a particular brand and its benefits, targeted demand is the target.

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3 years ago
The Moto Hotel opened for business on May 1, 2017. Here is its trial balance before adjustment on May 31.
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Okay very school thank s

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3 years ago
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