Answer:
Total variation= $363 favorable
Explanation:
Giving the following information:
Sheridan Company’s standard labor cost per unit of output is $33.00 (3.00 hours x $11.00 per hour). During August, the company incurs 2,970 hours of direct labor at an hourly cost of $12.10 per hour in making 1,100 units of finished product.
Direct labor efficiency variance= (SQ - AQ)*standard rate
Direct labor efficiency variance= (3,300 - 2,970)*11= 3,630 favorable
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Direct labor rate variance= (11 - 12.1)*2,970= 3,267 unfavorable
Total variation= 363 favorable
The condition when a payment cap is applied and the required payment does not cover the interest expense, the unpaid interest is added to the loan thereby increasing the loan balance even though the required payment is being made, is known as a negative amortization.
<h3>
What is negative amortization?</h3>
A condition where the amount owed by an individual keeps adding even after the repayments are done is known as negative amortization.
Such condition of a negative amortization arises as the amount being repaid does not fully or partly cover the interest amount.
Hence, the significance of negative amortization is aforementioned.
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Answer:
a. FALSE
Both Employers and Employees do most of the paying not the Federal government which only steps in for subsidies to lower income households.
b. TRUE
The Government can indeed fine employers or individuals for not having or providing health insurance.
c. FALSE
They cannot deny him coverage based on his pre-existing medical condition as a result of the ACA and neither can they charge higher premiums.
d. TRUE
Funding the ACA will need the Government to raise more revenue and they plan to do so by imposing new taxes on items including medical devices and indoor tanning.
e. TRUE.
A person under the age of 26 is to be a dependent under this Act and this includes married people under the age of 26 as well as unmarried.
The main activity of a producer cooperative is B. MARKETING PRODUCTS FOR ITS MEMBERS.
They market products for its members because each income earned is for the benefit of its members. The producer cooperative is formed to give individual members the chance to have access to machinery and discounts that they would not have been able to get if they remained solo. As a group, their accessibility to machinery and discount is greater.
