Answer:
Material Cost variance = Standard cost - Actual cost
= 3000*5 - 16192
= 1192 A
Material Rate Variance = (S.R. - A.R.)A.Q
= (5 - 5.06)3200
= 192 A
Material usage variance = (S.Q. - A.Q.)S.R
= (3000 - 3200)5
= 1000 A
Working Notes:
Actual Output = 1500 units
Standard qty of Material for Actual Output = 1500*2
= 3000 pounds
Actual qty. used = 3200 pounds
Actual rate/pound = $16192/3200
= $5.06
Answer:
the null hypothesis is: The proportion of U.S. adults age 25 or older who smoke is 0.22
Explanation:
A null hypothesis is presumed to be true until evidence proves the contrary. Statistical data nullifies it for an alternative hypothesis.
In this case, the null hypothesis is: The proportion of U.S. adults age 25 or older who smoke is 0.22
The hypothesis that has to prove it is different is: the proportion of U.S. adults age 25 or older who smoke is lower than 0.22
Morgan will get $1600 with the process of simple interest.
<h3>what is simple interest?</h3>
Simple interest is calculated based on a loan's principal or the initial deposit into a savings account. Simple interest doesn't compound, therefore a creditor will only charge interest on the principal sum, and a borrower will never be required to pay further interest on the interest that has already accrued.
Rate of interest = 12%
principal = $1000
Time = 5 years
Simple interest
Now amount = 1000+600 = 1600.
Therefore, Morgan will get $1600.
To learn more about simple interest from the given link
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Answer : Minimum Wage
Explanation: From the scenario analysis the minimum wage should be reduced since its increasing the unemployment rate so that lesser wages would make the youth to work more for their salary.
Answer:
Behavioral Learning.
Explanation:
You are sleepy before your 8:00 a.m. class and you notice the Starbucks on the walk to school. You stop for a drink, and purchase something new that you really enjoy. The next day you do the same, and soon this has become a habit. This process is an example of behavioral learning. Behavioral learning manifests that how human beings learn and their learning can be evaluated and measured. This theory says that how individuals learn certain behaviors through conditioning process. Conditioning happens when we have interaction with our outside environment and it is believed by the psychologists that our reaction to those environmental stimuli definitely shape our actions which can be clearly observed in this particular scenario where buying a drink and something new everyday from Starbucks has become your habit.