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emmasim [6.3K]
3 years ago
13

The following labor standards have been established for product of

Business
1 answer:
melomori [17]3 years ago
5 0

Answer and Explanation:

The computation is shown below:

a. The labor rate variance is

= actual labor cost - (standard rate × actual hours)

= ($131,340)  - ($12.75 × 6,600 hours)

= $47,190 unfavorable

b. The labor efficency variance is

= (actual hours - standard hours) × standard rate

= (6,600 - (1,600 × 16) × $12.75

= $242,250 favorable

In this way it can be calculated and the same is to be considered and relevant

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Ahmed runs a bakery that sells two kinds of pies. Ahmed knows the bakery must make at least 6 and at most 48 batches of the Choc
Dafna11 [192]

Answer:

Ahmed must bake 48 Chocolate Decadence pies and 7 Mint Breezes pies in order to get the maximum possible profit = $131.91

Explanation:

let x = chocolate decadence

let y = mint breezes

maximize revenue equation = 2.56x + 1.29y

the constraints are:

7x + 8y ≤ 392

x ≥ 6

x ≤ 48

y ≥ 3

y ≤ 42      

using solver, profits are maximized when 48x + 7y = $131.91

5 0
3 years ago
Assume that price level in the ABC Islands, a U.S. trading partner, increases signalling inflation in the economy. Using aggrega
lubasha [3.4K]

Answer:

The effects of inflation in the U.S. trading partner, will pass through the U.S. economy in the form of exports: since the U.S. imports goods from ABC islands, the higher prices in the ABC islands will make imports from there more expensive, contributing to a small raise in inflation in the overall U.S. economy.

However, exports from ABC Islands are likely to be a small component of U.S. Aggregate demand, so the effect in overall inflation is likely to be small.

Despite this, the fed can step in and raise interest rates by contracting the money supply. This is contractionary monetary policy, and it is used when inflation is rising. It lowers the value of the U.S. dollar in international markets, but it increases output price level.

8 0
3 years ago
Which of the following statements is true about the total production of health and the marginal return on new health production
Nadya [2.5K]

The amount of production health and its marginal return will lead to higher in the countries which are developed.

Option B is the correct answer.

<h3>What is production?</h3>

Production is a process where an entity changes the raw materials into a saleable product through the use of machinery.

In developed countries, the production of health, that is, the relation between the inputs of health and the health of individuals and the marginal return on new production, means, additional returns would be both higher due to advancements in technology and infrastructure.

therefore, there should be higher marginal return as well as higher production health in the developed nations.

Learn more about the developed nations in the related link:

brainly.com/question/1368459

#SPJ1

6 0
2 years ago
If a checking account has an interest rate of 1% and a government bond has an interest rate of 2%, the opportunity cost of holdi
Natasha2012 [34]

Answer:

the opportunity cost of holding the checking account as money is 1%

Explanation:

The computation of the opportunity cost of holding the checking account as money is shown below:

= Interest rate on the government bond - interest rate on checking account

= 2% - 1%

= 1%

Hence, the opportunity cost of holding the checking account as money is 1%

We simply applied the given formula so that the correct percentage could come

5 0
3 years ago
A timeline for a strategic plan can be as long as 10 years. However, the timeline for a strategic plan for a company is generall
svetoff [14.1K]

Answer:

The correct answer is C

Explanation:

Strategic planning is defined as the document which reflect or states how the plans of the company to function as well as grow over the period of time, which mostly 3- 5 years. This is grounded on the mission statement, goals and core values.

In the strategic planning process, there is no specific timeline which need to be followed, but most of the business usually have the plan for 1-2 years or 2-3 years and others create a fresh plan annually.

6 0
3 years ago
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