Answer:
Cost variance= 7 unfavorable
Explanation:
Giving the following information:
Each bat requires 1 kg of aluminum at $18 per kg and 0.25 direct labor hours at $20 per hour. Overhead is assigned at the rate of $40 per direct labor hour. Assume the actual cost to manufacture one metal bat was $40.
Estimated cost= 18 + 0.25*20 + 0.25*40= 33
Actual cost= 40
Cost variance= 7 unfavorable
Answer:
goods produced abroad and sold domestically.
Explanation:
Exports are goods produced in the domestic economy and sold abroad.
Quotas limits placed on the quantity of goods leaving a country.
Countries trade goods for which they have comparative advantage and not absolute advantage.
I hope my answer helps you
Answer:
False
Explanation:
Most interest rates in the economy are not set by federal reserve. For example, banks decide what interests to pay different kind of deposits and charge loans of different risks on their own (with consideration for competition and profitability).
What the Fed does is set important rates (discount rate and funds rate) that influence other interest rates in the economy.
Answer:
C. yes, she still makes a profit by selling the 3-color application.
Explanation:
As for the information provided,
Cost for 1 color pin striping job = $35
Cost for three color pin striping job accordingly = $35 
3 = $105
Price charged for pin striping is as follows:
For 1 color = $95
For 3 colors = $175
Even on 3 color striping there is a profit of $70, thus, it should be sold.
As there is no loss, although the profit margin is decreased as a percentage of cost when compare to margin on 1 color pin striping.
Thus, correct option is Statement C.
Answer:
A rise in demand for reserves will shift the demand for reserves curve to the right which will cause a rise in interest rates. The Fed will then have to act to reduce this interest rate because they would prefer that it remained at the specific rate as mentioned.
To do this they will embark on Open Market Operations aimed at increasing money supply as this will reduce interest rates by increasing the supply of reserves because it will shift the supply curve for reserves to the right. The new equilibrium will be a lower interest rate.
The relevant Open Market Operation will be the buying of bonds from the public.
