They mean "The Olive branch and arrows denote the power of peace & war which is exclusively vested in Congress."
Answer:
Direct labor rate variance= $22,500 unfavorable
Explanation:
Giving the following information:
Actual hours used 45,000
Actual rate per hour $15.00
Standard rate per hour $14.50
<u>To calculate the direct labor cost (rate) variance, we need to use the following formula:</u>
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Direct labor rate variance= (14.5 - 15)*45,000
Direct labor rate variance= $22,500 unfavorable
Answer:
It is cheaper to buy the product.
Explanation:
Giving the following information:
Production:
Direct material $45,000
Direct labor 30,000
Factory overhead (30 % is variable ) 98,000
Buy:
Total cost= $100,000
<u>I will assume that none of the fixed overhead avoidable. Therefore, we will take into account only the variable overhead.</u>
Total variable production cost= 45,000 + 30,000 + (98,000*0.3)
Total variable production cost= $104,400
It is cheaper to buy the product.
Believes in something, values honesty and triump
If we want to produce more computers, we must give up the production of some cameras, which is referred to as production efficiency.
Production efficiency is a word used in economics to describe the point at which an economy or other entity can no longer produce more of one good without reducing the level of production of a different one. When production is allegedly taking place along a production possibility frontier, something occurs (PPF). The terms "production efficiency" and "productive efficiency" are interchangeable. Similar to operational efficiency, productive efficiency refers to how effectively something is performing. The mapping of a production possibility frontier is central to the economic idea of production efficiency. When analyzing economic operational efficiency, economists and operational analysts often additionally take into account a few more financial variables, such as capacity utilization and cost-return efficiency.
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