Answer:
See below
Explanation:
The below shows the calculation of variance
Budgeted direct labor (per unit) 0.60
Units 2,000
Budgeted direct total labor (hrs) 1,200
Actual hours 1,160
Standard rate $17
Direct labor efficiency variance
The direct labor efficiency variance
= (Budgeted hours - Actual hours) × Standard rate
= (1,200 - 1,160) × $18
= $720 favourable
Answer:
$19,462
Explanation:
The computation of the cash and cash equivalent is shown below:
= Cash in bank account + Money market fund balance + petty cash balance + money orders
= $6,455 + $12,400 + $350 + $257
= $19,462
It includes only cash in bank account, balance in money market, petty cash balance and the money orders
All other information which is given is not relevant. Hence, ignored it
Answer:
The correct answer is D.
Explanation:
Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another as goods but not perfect substitutes (such as from branding, quality, or location). In monopolistic competition, a firm takes the prices charged by its rivals as given and ignores the impact of its own prices on the prices of other firms.
Monopolistic competitive markets:
have products that are highly differentiated, meaning that there is a perception that the goods are different for reasons other than price;
have many firms providing the good or service;
firms can freely enter and exits in the long-run;
firms can make decisions independently;
there is some degree of market power, meaning producers have some control over price; and
buyers and sellers have imperfect information.
Answer:
D. Market supply and market demand determine the price and quantity bought and sold in the market.
Explanation:
In perfectly competitive market, equilibrium price and quantity is determined at the point where the aggregate supply curve and aggregate demand curve intersect.
If either supply or demand changes, the supply/demand curve will shift to intersect the demand/supply curve at a new equilibrium point.
In other words, although both suppliers and buyers are price-takers they both influence price and quantity bought and sold,<em> at the aggregate level</em>.
Answer:
The correct answer is genetic algorithms
Explanation:
Genetic Algorithms are adaptive methods that can be used to solve search and optimization problems. They are based on the genetic process of living organisms. Throughout the generations, populations evolve in nature according to the principles of natural selection and the survival of the strongest, postulated by Darwin (1859).
By imitating this process, Genetic Algorithms are able to create solutions for real-world problems. The evolution of these solutions towards optimal values of the problem depends to a large extent on their adequate codification.
