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Nezavi [6.7K]
3 years ago
10

Bressman Inc. has provided the following data concerning one of the products in its standard cost system.

Business
1 answer:
Ad libitum [116K]3 years ago
4 0

Answer:

$268 Favorable

Explanation:

Variable overhead variance can be computed by using the following formula,

Budgeted hours = 0.20/unit

Variable overhead efficiency variance

= Standard Overhead rate * (Actual Hours - Standard Hours)

= 6.7 * ( 1,820 - (9300*0.2))

Efficiency variance = $268 Favorable, as actual hours for actual activity are less than standard hours at actual activity.

Hope that helps.

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AVprozaik [17]
A. Adam Smith, Father of Modern Economics," believed that competition is a regulatory force.  He argues that keeps self-interest at bay by restraining the ability to take advantage of consumers. 

B. Friedrich Von Hayek, often called F.A. Hayek, believed that less government intervention gives people more economic freedom. He wrote about it in his pamphlet, "Economic Freedom and Representative Government."

C. John Maynard Keyness, according to Keynesian economics, one of the tenets of this school of thought is that government intervention is necessary for stability. 

D. Milton Friedman (not Friedrich), said that the government's role in the role should be restricted. The government should not control the money supply. 

6 0
3 years ago
Read 2 more answers
Consider the market for meekers in the imaginary economy of Meekertown. In the absence of international trade, the domestic pric
LenKa [72]

Answer:

Export

True

False

True

Explanation:

Free trade is a form of trade policy where there are no restrictions to imports or exports of goods and services.

The price of meekers is $30 in Meekertown and $40 In the world. Because meeker's are cheaper in Meekertown, it means that Meekertown is efficient in the production of meekers. As a result, they would export meekers to the rest of the world. It would be cost efficient for the rest of the world to import from Meekertown.

Consumers in Meekertown are worse of because of the trade because the price of Meekers would rise.

Producers are better off because they would earn more profits from the sale of Meekers at the world price.

Free trade increases total surplus because of efficient production. If a country is inefficient in production, it would import . This would increase consumer surplus and if it is efficient in production, it would export increasing producer surplus.

I hope my answer helps you

7 0
4 years ago
Are firms like homebuilders that sell products whose demand depends partly on demographic factors likely to be more or less affe
tekilochka [14]

Answer:

Yes. Firms that sell products that depend partly on demographic factors are more likely to be affected by business cycle.

Explanation:

Businesses whose demand depend partly in demographic factors (population based on race, sex, age, etc) such as homebuilders are affected by business cycles/seasons.

Demand for new houses can depend on some business seasons. A family that wants to move to a new location will consider age of the kids, parents before moving to a volatile neighborhood. Older people tend to prefer quieter areas, while younger people may prefer a more lively place to meet new friends.

Members of a race might want a new house because the vicinity is within a community of people of same race or social disposition.

6 0
4 years ago
One of the main factors when determining which companies to buy policies from is whether or not the company is _____ strong.
Valentin [98]

One of the main factors when determining which companies to buy policies from is whether or not the company is Death benefit strong.

  • Fundamental business information includes things like profitability, revenue, assets, liabilities, and growth potential.
  • You can compute a company's financial ratios using fundamental analysis to assess the viability of an investment.
  • Three basic valuation techniques are employed by business professionals when determining a firm's value as a continuing concern:

(1) DCF analysis,

(2) similar company analysis,

(3) precedent transactions.

<h3>What death benefit means?</h3>

To start, let's define death benefit: It's the money – lump sum or otherwise – that gets paid to your beneficiaries if you die while your life insurance policy is in effect.

Learn more about death benefit from company brainly.com/question/14275460

#SPJ4

4 0
2 years ago
Click this link to view O*NET’s Tasks section for Elementary School Teachers.
fomenos

Answer:

i dont see the link

Explanation:

3 0
3 years ago
Read 2 more answers
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