Answer:
$114 unfavorable
Explanation:
For computing the overall variable overhead efficiency variance first we have to need to find out the standard variable overhead rate which is shown below:
= ($11,680 + $41,900) ÷ 4,700 hours
= $11.4
Now the variable overhead efficiency variance is
= standard variable overhead rate × (Actual machine hours - standard machine hours)
= $11.4 × (4,740 machine hours - 4,730 machine hours)
= $114 unfavorable
This unfavorable indicates the actual hours are more than the standard hours
Answer: Factory
Vehicles
Equipment
Explanation:· A fixed asset is a long-term tangible asset a company owns and uses in its production activity to earn an income.
The computer isn't a fixed asset to Andrew because he doesn't use it in his production process.
Answer:
0.25
Explanation:
Given the following outcomes,
- Outcome 1: probability (P) = 0.25, return (R) = 0.10
- Outcome 2: P = 0.50, R = 0.25
- Outcome 3: P = 0.25, R = 0.40
The expected return on the investment
= 
= (0.25 * 0.10) + (0.50 * 0.25) + (0.25 * 0.40)
= 0.025 +0.125 + 0.100
Expected return = 0.25.
Answer:
Karl Marx
Explanation:
Karl Marx was a German economist that lived in the 19th century. His definition of capital as the most important factor of production was actually quite accurate and advanced for his time. He was the first major economist to state that capital by itself was enough to generate wealth.
He also proposed socialism as the higher stage of capitalism, which actually works in many European nations which are considered social democracies, e.g. Sweden, Norway, Denmark, Holland, Germany, etc., and at the same have the highest standards of living in the world.
Personally, I believe that his major flaw was to go a few steps further and believe in communism and that it would solve all of humanity's problems. Communism is not the same of socialism, since socialism believes in an economy under the influence of the state but also supports individual merit and private property. E.g. someone that works hard should be paid more, i.e. personal wealth is not bad. On the other hand, communism believes that the state must control the economy and that individuals should be rewarded based on their needs, not their work. It doesn't matter if you work hard or not even work at all, the state must satisfy your needs.
Answer:
c
Explanation:
social value = private value = private cost < social cost.
