Answer:
Variable overhead efficiency variance= $3,000 favorable
Explanation:
<u>To calculate the variable overhead efficiency variance, we need to use the following formula:</u>
Variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate
Standard quantity= 3*15,000= 45,000 hours
Actual quantity= 44,000 hours
Standard rate= $3 per hour
Variable overhead efficiency variance= (45,000 - 44,000)*3
Variable overhead efficiency variance= $3,000 favorable
Answer:
Screening
Explanation:
Screeningprocess used to access innovative product ideas, strategies and marketing trends to determine their consistency with the company's objective. It is used to eliminate unsound ideas and accept sound ones.
Screening can be used to check the compatibility if an idea with a business objective. It involves a process of determining which product aligns with the target audience and the benefits of producing it.
The screening stage is a very important stage in the development of a new product because if a product that doesn't conform with the business objective or the product doesn't have a tendency of being profitable to the organzation passes the screening stage, it means the product will lead to wasted effort and resources in the other stages.
Therefore, a product should be properly screened passing the screening stage.
Answer:
Purchasing agent
Explanation:
Bob though has not well researched about specifications they need in the computer but has acted as an purchasing agent. The boss of the company researched about the required specification and has delegated the task to order the computers from his selected vendor. So here we can see he has not played any vital role for choosing the computer on the specification grounds that better suits the company needs which is the job of procurement manager. The duty was purely related to the purchasing agent.
Answer:
The EOQ is 242 units
Explanation:
Economic Order Quantity: The Economic order quantity is that quantity which is to be produced by minimizing the ordering cost and the carrying cost
The computation of the economic order quantity is calculated by applying the formula which is shown below:
= 
= 
= $242 units
The Economic order quantity should always be expressed in units.
The other items which are mentioned are irrelevant. Hence, ignored.
