Answer:
$1,050 favorable
Explanation:
The computation of the fixed overhead budget variance is shown below:
= Actual fixed overhead - budgeted fixed overhead
where,
Budgeted fixed overhead is
= $3.75 × 1,400 units
= $5,250
And, the actual fixed overhead is $4,200
So, the fixed overhead budget variance is
= $4,200 - $5,250
= $1,050 favorable
Since the budgeted fixed overhead is more than the actual one so it would be favorable
Answer:
increased
Explanation:
The correct answer is that the equilibrium wage increased as the equilibrium quantity of labor increased.
If you are a manager in a perfectly competitive market. and the price in your market is $14, the total cost curve is () = 10 + 4 + .5^2. the price that should be charged in the short run is:<span>
$14</span>
