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slavikrds [6]
2 years ago
15

Petrus Framing's cost formula for its supplies cost is $1,840 per month plus $12 per frame. For the month of March, the company

planned for activity of 624 frames, but the actual level of activity was 631 frames. The actual supplies cost for the month was $9,650. The activity variance for supplies cost in March would be closest to:________
Business
1 answer:
adoni [48]2 years ago
6 0

Answer:

$84 unfavorable

Explanation:

The computation of the activity variance for supplies cost is shown below:

Supplies cost for the standard one is

= $1,840 + (624 frames × $12 per frame)

= $9,328

And, the supplies cost for the actual one is

= $1,840 + (631 frames × $12)

= $9,412

So the activity variance is

= $9,328 - $9,412

= $84 unfavorable

As the standard cost is less than the actual one

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Andrei [34K]

Answer:

put upward pressure on; put downward pressure on

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Explanation:

If both the spot and the forward price of a currency are the same, it means that it should be worth the same today than in the future. If you can earn higher interest by investing in that foreign currency, then investors will start purchasing higher amounts of the foreign in order to invest and gain higher rates.

Since the demand for the foreign currency increases, that put upward pressure its current price. Simply more investors will want to invest in that currency. While that happens right now, the market will tend to adjust to correct this arbitrage, and the way this can be adjusted is by lowering the future price of the currency. That puts downward pressure on the forward rate.

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3 years ago
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Phoenix [80]

Answer:

This is an example of <u>"arbitration".</u>

Explanation:

When someone resolve the disputes outside the court, and that person is the third party who is solving the dispute of two parties, this process is known as arbitration. As in the given scenario Dr, hamrick is hired to resolve the disputes of the employees of the company, so this is the example of the process of arbitration.

8 0
2 years ago
How will an increase in labor productivity affect equilibrium in the labor market?
IRINA_888 [86]

We can actually infer here that an increase in labor productivity will affect equilibrium in the labor market in the following way: The demand for labor will increase and the equilibrium wage and quantity of labour will increase.

<h3>What is equilibrium?</h3>

Equilibrium refers to the state whereby opposing things are balanced in order to achieve a desired outcome.

If the labor productivity is increased, it will definitely affect equilibrium in the labor market in such a way that the demand of labor will increase.

Learn more about equilibrium on brainly.com/question/517289

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3 years ago
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Hunter-Best [27]
The formula is
I=prt
I interest paid 1120
p principle 32000
T time 4/12
R annual percentage interest rate?
Solve for r
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R=0.105×100
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6 0
3 years ago
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