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german
3 years ago
12

1.2.5 quiz examining basic economic concepts

Business
1 answer:
MAVERICK [17]3 years ago
4 0
The study that deals with the problem of how to allocate the world's scarce resources between the competing and unlimited wants and needs of people.
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g Jackson Industries uses a standard cost system in which direct materials inventory is carried at standard cost. Jackson has es
True [87]

Answer:

Direct material price variance= $21,450

Explanation:

Giving the following information:

Direct materials 4 pounds $4.70 per pound

May:

Jackson purchased 107,250 pounds of direct material at a total cost of $525,525.

To calculate the direct material price variance, we need to use the following formula:

Direct material price variance= (standard price - actual price)*actual quantity

Actual price= 525,525/107,250= $4.9

Direct material price variance= (4.7 - 4.9)*107,250

Direct material price variance= $21,450

3 0
3 years ago
Should the NLRB require union organizer access to the workplace as a quid pro quo for an employer demanding an election rather t
rewona [7]

Answer: yes

Explanation:this is so because When a union wants to unionize a new group of employees, it must first convince at least 30% of the employees to sign authorization cards. If the union successfully does so, the union then submits the cards to the NLRB for certification. If the NLRB certifies that the union has secured cards from 30% of the employees, it orders that a secret ballot election be held where the employees vote on whether to unionize. Typically, about two months pass between the time the NLRB certifies the cards and the time that the election actually takes place. During these two months, the union and the employer actively campaign for or against unionization. At the election, if a majority of employees vote to unionize, then the NLRB recognizes the union as the sole bargaining representative of the employees. The employer is then required by statute to bargain in good faith with the union to negotiate the “first contract” between the employees and the employer. This employment contract determines the terms and conditions for all employees represented by the union.

3 0
2 years ago
A journal entry for a​ $210 payment to purchase office supplies was erroneously recorded as a debit to Office Supplies for​ $550
Ludmilka [50]

Answer:

The sum of the debits will exceed the sum of the credits by $340. (None of the options given).

Explanation:

The right posting on the payment of $210 for the purchase office supplies would be;

Debit office supplies account $210

Credit Cash account $210

However since the debit to office supplies was $550 which is 340 (i.e $550 - $210) more than what the amount to have been posted is, it means that the sum of the debits will exceed the sum of the credits by $340.

3 0
2 years ago
You do an extensive survey and learn that 15 out of the 200 people surveyed like to eat out on Tuesdays. You then look only at t
Naily [24]

The family should be less likely to eat out on Tuesday as compared to the general population.

Given that,

  • Out of 200 people, 15 people should eat out on Tuesday.
  • Now only look 60 families out of this 10 should be preferred to eat out on Tuesday.

Based on the given information, we can conclude that the family should be less likely to eat out on Tuesday as compared to the general population.

Learn more about the population here: brainly.com/question/8696744

3 0
2 years ago
"Jen operates Jen's Fruits & Vegetables, a small market stocked entirely with produce grown on her adjacent farm. Under what
GarryVolchara [31]

Answer:

The federal government can regulate Jen's activity citing the supreme court rule of the government ability to regulate any activity interstate or intrastate that affects interstate commerce.

In the line of this argument it means that a farmer growing and of goods affects interstate commerce.

The farmers best argument concerning the federal government regulating their activities due to interstate commerce is that his activities are purely local and although I don't believe any court will hear him out.

Explanation:

6 0
3 years ago
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