Answer:
$1400 U
Explanation:
Total direct materials cost variance = (47,000 actual pounds × $1.20 actual cost per pound) − (50,000 standard pounds × $1.10 per pound) = $1,400 unfavorable
A) there are no close substitutes
Explanation:
A monopoly results when there is a single provider of a particular good or service. Since they’re the only company providing that good or service, the consumer must conduct their business with that specific provider. For example, imagine that Walmart is the only store you can buy food from. Walmart would dominate the entire supply market as it would be the only store from which you can buy your food.
Human capital increase
throughout a career because related jobs develop skills for a specific field of
work. Humans can develop skills and gain knowledge through the field of work
and improve these skills, if they have the passion to develop it.
Answer:
supply of; a decrease
Explanation:
If the recent financial crisis raises awareness about the dangers of not saving, leading to an increase in overall savings rates across the country, the loanable funds market will experience an increase in the supply of loanable funds and a decrease in equilibrium interest rates.
Answer:
Year2= $180,000
Explanation:
Giving the following information:
The cost of an asset is 1,100,000 and its residual value is 140,000 estimated useful life of the asset is eight years.
To calculate the depreciation expense for each year, we need to use the following formula:
Annual depreciation= 2*[(book value)/estimated life (years)]
Year1= [(1,100,000 - 140,000)/8]*2= 240,000
Year2= [(960,000 - 240,000)/8]*2= $180,000
