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solmaris [256]
3 years ago
7

An economy consists of three workers: Carlos, Felix, and Larry. Each works 10 hours a day and can produce two services: mowing l

awns and washing cars. In an hour, Carlos can either mow 1 lawn or wash 1 car; Felix can either mow 1 lawn or wash 2 cars; and Larry can either mow 2 lawns or wash 1 car.
For each of the scenarios listed in the following table, determine how many lawns will be mowed and how many cars will be washed per day and enter these values into the corresponding row.

Scenario Lawns Mowed Cars Washed
All three spend all their time mowing lawns. (A)
All three spend all their time washing cars. (B)
All three spend half their time on each activity. (C)
Carlos spends half his time on each activity, while Felix only washes cars and Larry only mows lawns. (D)
Business
1 answer:
Reika [66]3 years ago
6 0

Answer:

D

Explanation:

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Independent, classroom, activist, pragmatic
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When several hurricanes hit Florida in 2004, a number of local governments imposed price controls that prevented sellers from ra
liberstina [14]

Answer:

a reduced availability of these badly needed products.

Explanation:

Price control is when the government imposed a price regime that is aimed at protecting the consumer from over pricing by sellers. When price ceilings are imposed there is a maximum price the the seller cannot go above in pricing of products.

In this case if ocal governments imposed price controls that prevented sellers from raising their prices for badly needed products like plywood and generators. It will result in reduced availability of the products to these areas.

Sellers tend to reduce amount supplied, due to scarcity consumers will have to buy at black market prices that are higher.

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3 years ago
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The standard factory overhead rate is $7.50 per machine hour ($6.20 for variable factory overhead and $1.30 for fixed factory ov
lesantik [10]

Answer:

$26,000 adverse variance

Explanation:

Fixed Overheads Volume Variance = Budgeted Overheads at Actual Output - Budgeted Fixed Overheads

                                                             = $1.30 x 60,000 hours - $1.30 x 80,000

                                                             = $78,000 - $104,000

                                                             = $26,000 adverse variance

The fixed factory overhead volume variance is $26,000 adverse variance

7 0
3 years ago
Which statement is true about an original fashion and its knockoff? A. The knockoff will be more expensive than the original. B.
qaws [65]

Answer:

D. The knockoff may miss the finer fit and design details of the original.

Explanation:

Knockoffs are popular in the fashion industry of today. Why? Since most designer items are highly wanted, but unreachable and too expensive for the masses, some manufacturers opted to create <em>replicas</em> of those items.

These items are often made in mass production factories. This is why they often miss the artisan and fine touch of the original designer item.

6 0
3 years ago
Victryl Company applies overhead based on direct labor hours. At the beginning of the year, Victryl estimates overhead to be $70
yan [13]

Answer:

correct option is a. $1,700 over head applied

Explanation:

given data

overhead = $700,000

machine hours = 200,000

direct labor hours = 35,000

Feb, direct labor hours = 5,000

Feb, machine hours = 10,000

Feb, actual overhead = $98,300

solution

we know overhead rate that is

overhead rate = \frac{Budget overhead}{allocation base}

overhead rate = \frac{700000}{35000}

overhead rate = $20 per hours

and in Feb for 5000 direct labor hour

overhead =  5000 × $20  = $100,000

so

over head applied = $100,000 - $98300

over head applied = $1700

so correct option is a. $1,700 over head applied

8 0
3 years ago
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