Answer:
the labor rate variance and labor efficiency variance is $2,000 favorable and $3,500 unfavorable
Explanation:
The computation of the labor rate variance and labor efficiency variance is given below;
For Labor rate variance
= $12,000 - (2000 × 7)
= $2000 F
And, the Labor efficiency variance is
= 7 × (2000 - 3000 × 0.5)
= $3500 U
Hence, the labor rate variance and labor efficiency variance is $2,000 favorable and $3,500 unfavorable
The correct answer is an indirect marketing channel. An
indirect marketing channel is being defined as a way of having a distribution
channel that likely relies on the intermediaries in order to perform almost all
of the distribution functions by which is also known as the whole sale
distribution.
Not sure but probs option d
Answer:
d. ensures managers always make good decisions.
Explanation:
Managerial economics is the study of the economics theory with accounting managerial scope to ensure the decision taken are as required within the business practices. It helps managers to solve accounting problems and make decision using economic theory and laws.
It provides a basis to solve and give the best solutions at all times even under constraints or in the time of scarcity. It uses quantitative methods and statistical tools to get better result oriented strategies.
Answer:
3. Opportunity Cost
1. Marginal Decisions
2. Resource Scarcity
Explanation:
Opportunity cost or implicit is the cost of the next best option forgone when one alternative is chosen over other alternatives.
If David buys the camera he would forgo the opportunity to buy a tv and if he buys a tv, he forgoes the opportunity to buy a camera.
Marginal decisions look at the benefit of increasing or decreasing an input by little units. Here, the educational company is considering the marginal benefit of increasing the numbers of economist by one unit.
Ava has limited time to do all she would like to do. Time here is a scarce resource. Her wants her limited but the resources are scarce.