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Lynna [10]
3 years ago
15

Olsen Company uses a standard cost system for its production process. Olsen Company applies overhead based on direct labor hours

. The following information is available for July: Standard: Direct labor hours per unit 2.20 Variable overhead per hour $2.50 Fixed overhead per hour (based on 11,990 DLHs) $3.00 Actual: Units produced 4,400 Direct labor hours 8,800 Variable overhead $29,950 Fixed overhead $42,300 Refer to Olsen Company Using the three-variance approach, what is the efficiency variance
Business
1 answer:
Digiron [165]3 years ago
5 0

Answer:

1800

Explanation:

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Classify each of the following based on the macroeconomic definitions of saving and investment.
kondaur [170]

Answer:

A. Investment

B. Investment

C. Saving

D. Saving

Explanation:

Saving refers to the amount that is set aside that can be used for any future emergencies or purchases.

Investment refers to purchasing assets such as bonds, stocks, mutual funds that help in making money.

A. Caroline buys new bulldozers for her construction firm. - Investment

B. Dmitri purchases a new condominium in Detroit. - Investment

C. Frances purchases stock in Nano Speck, a biotech firm. - Saving

D. Antonio purchases a corporate bond issued by a car company. - Saving

7 0
3 years ago
As part of the overall systems engineering process, there are three software engineering/development approaches. When using the
shusha [124]

When using the Waterfall Approach, development activities are performed in order, with possibly minor overlap, but with little or no iteration between activities.

Explanation:

There is a seamless execution of software operation with perhaps a slight variation, but little or no repetition. User standards are identified, requirements are described and the whole system is designed, intended and tested at one moment in time for ultimate delivery.

A document-based approach better suited to structures of strongly precedent and reliable requirements.

Sometimes referred known as the great linear and sequential model, the waterfall model is also quite linear and sequential for the activity flow in this model, as its title suggests.

4 0
3 years ago
If the estimated price elasticity of demand for foreign travel is 4:
kenny6666 [7]

Answer:

b. a 20% decrease in the price of foreign travel will increase the quantity demanded by 80%. 

Explanation:

A price elascitiy of 4 means demand is elastic. Price elasticity greater than 1 indicates demand is elastic.

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price.

Elastic demand is when a change in price leads to a change in quantity demanded.

If price increases and demand is price elastic, the quantity demanded falls.

If price falls and demand is price elastic, the quantity demanded rises.

If price elasticity is 4, 20% decrease in the price of foreign travel will increase the quantity demanded by 80%. 

Inelastic demand is when price elasticitiy is less than 1.

I hope my answer helps you

7 0
4 years ago
A company that owns companies that are in a different industry and performs
dimulka [17.4K]
A is the answer as they are in unrelated industries
4 0
3 years ago
An enhancing qualitative characteristic of accounting information that refers to the financial statement users' ability to utili
Pani-rosa [81]

Answer: Comparability

Explanation:

Comparability describes information that is measured and reported in a similar manner for different companies. It helps users understand the real similarities and differences in economic activities between companies.

6 0
3 years ago
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