Likely yearly cost based on the above information and no other expenses is $4,800
Mixed<span> economy is not considered a major economic system along with free enterprise and socialism because the features of these economy are exactly the same with some of the features of free enterprise and socialism. Basically, this type of economic system is just a combination of the features of the free enterprise and socialism.</span><span> </span>
Answer:
Answer for the question is given in the attachment
Explanation:
Answer:
Variable overhead efficiency variance= $19,952 unfavorable
Explanation:
Giving the following information:
Standard hours per unit of output 5.2 hours
Standard variable overhead rate $11.60 per hour
Actual hours 2,500 hours
Actual output of 150 units
<u>To calculate the variable overhead efficiency variance, we need to use the following formula:</u>
Variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate
Standard quantity= 5.2*150= 780
Variable overhead efficiency variance= (780 - 2,500)*11.6
Variable overhead efficiency variance= $19,952 unfavorable
