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Varvara68 [4.7K]
3 years ago
14

The following data have been provided by XYZ Corporation, a company that produces forklift trucks: Budgeted production 3,400 tru

cks Standard machine-hours per truck 2.9 machine-hours Standard supplies cost $ 1.50 per machine-hour Actual production 3,800 trucks Actual machine-hours 10,930 machine-hours Actual supplies cost (total) $ 17,496 Supplies cost is an element of variable manufacturing overhead. The variable overhead efficiency variance for supplies cost is:
Business
1 answer:
Vika [28.1K]3 years ago
8 0

Answer:

Variable overhead efficiency variance= $135 favorable

Explanation:

Giving the following information:

Standard supplies cost $ 1.50 per machine-hour

Standard machine-hours per truck 2.9 machine-hours

Actual production of 3,800 trucks

Actual machine-hours 10,930 machine-hours

<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

Variable overhead efficiency variance= (2.9*3,800 - 10,930)*1.5

Variable overhead efficiency variance= (11,020 - 10,930)*1.5

Variable overhead efficiency variance= $135 favorable

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Economically rational means that consumers and firms
Lena [83]

Answer:

D, Take actions that are appropriate to reach goals given available information.

Explanation:

Rational in economics can be said to be a situation where an individual or company takes the best decisions to reach his/her or its goals.

This could also mean that the ability to make a decision that maximizes the accomplishment or benefits for an individual.

cheers.

5 0
2 years ago
Sean works for Cash'n'Carry, a payday loan company. He has been asked to develop an ethical mission statement to reassure custom
soldi70 [24.7K]

Answer:

c. Emphasis on ethics

Explanation:

Sean has been tasked with developing a ethical mission statement with a view of reassuring customers on predatory lending practices.

This is a renewed emphasis on the ethics of the company and by so doing it will reassure the company is aware of the ethical practice in this regard and that they are pledging to act ethically.

Ethics is defined as the process of systemising and recommending concepts of right and wrong. It is also called moral philosophy.

4 0
3 years ago
The admissions director at big city university proposed using the iq scores of current students as a marketing tool. the univers
Vika [28.1K]

The complete question is as follows:

The admission directory of Big City University has a novel idea. He proposed using the IQ scores of current students as a marketing tool. The university agrees to provide him with enough money to administer IQ tests to 50 students. So the director gives the IQ test to an SRS of 50 of the university’s 5000 freshman. The mean IQ score for the sample is xbar=112. The IQ test he administered is known to have a σ of 15. What is the 95% Confidence Interval about the mean? What can the director say about the mean score of the population of all 5000 freshman?

Answer: The 95% confidence interval about the mean is Confidence interval = 107.84 \leq \mu \leq 116.16.

The director can say that he is 95% confident that the mean IQ score of the 5000 freshmen lies between 107.84 and 116.16.

We follow these steps to arrive at the answer:

Since the population standard deviation of the IQ test is known, we can use the Z scores to find the confidence interval.

The formula for the confidence interval about the mean is:

Confidence interval = \overline{X}\pm Z*\frac{\sigma}{\sqrt{n}}

In the equation above, X bar is known as the point estimate and the second term is known as Margin of Error.

The Critical Value of Z at the 95% confidence level is 1.96.

Substituting the values in the question in the equation above we have,

Confidence interval = \112\pm 1.96*\frac{15}{\sqrt{50}}

Confidence interval = \112\pm 4.157787873}

Confidence interval = 107.8422121 \leq \mu \leq 116.1577879

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3 years ago
Which step in the product development process involves announcing a new
Scorpion4ik [409]

Answer:

D

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announcing the product takes place in the commercialization and launch of the product

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3 years ago
What is the name of the process for developing new businesses as an outgrowth of a company's established business operations?
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