Answer:
A late fee will be charged.
Explanation:
hope this helped
Answer:
$450 U
Explanation:
Spending Variance for Supplies = Standard Cost - Actual Cost
Standard cost formula = $1,200 per month + $20 per frame
Standard cost for actual output = $1,200 + ($20 
610)
= $1,200 + $12,200
= $13,400
Actual cost = $13,850
Spending Variance = $13,400 - $13,850
<u>= -$450 Unfavorable</u>
Since the value is negative the variance is unfavorable as actual cost is more than standard cost of the product.
Answer:
$200 billion
Explanation:
Okun's law (or rule of thumb) states that for every 1% point drop in unemployment, the total output of the economy will increase by two percent.
In this case, since unemployment varies by 1% (= 5.5% - 4.5%), that would mean that the potential GDP differs in $200 billion (= $10 trillion x 2%) depending on which economist's unemployment estimation we use.
Answer:
The answers are:
- decrease; increase
- moral hazard; increase
Explanation:
When you deposit money in your bank account, you know that the money is safe ad even f the bank goes bankrupt, you will be able to get your money bank. That is exactly what deposit insurance does, it increases the public trust in banks.
But if bank customers feel too safe about deposit insurance, they might forget to look for the best bank possible to hold their savings. If it doesn't matter what bank you use to save money, since you are guaranteed to get your money back, you might choose any bank without even checking how its performing.
Answer:
1. 1.875 hours
2. $20.25
3. $37.97
Explanation:
The computation is shown below:
1. For Standard direct labor hours per oil change, it is
= (Actual time spent on the oil change) + (Setup and downtime + Cleanup and rest periods) × Actual time spent on the oil change
= 1.25 hours + (22% + 28%) × 1.25 hours
= 1.25 hours + 0.625 hours
= 1.875 hours
2. Standard direct labor hourly rate, it is
= (Hourly wage rate) + (Payroll taxes + Fringe Benefits) × hourly wage rate
= $15 + (10% + 25%) × $15
= $15 + $5.25
= $20.25
3. And, the standard direct labor cost per change is
= Standard direct labor hours per oil change × Standard direct labor hourly rate
= 1.875 hours × $20.25
= $37.97
We simply applied the above formulas for each one part
