Answer:
$17,688 unfavorable
Explanation:
The computation of the variable efficiency variance is shown below:
Variable efficiency variance = (Actual hours - standard hours) × standard rate
= (2,700 hours - 200 units × 6.8 hours) × $13.20
= (2,700 hours - 1,360 hours) × $13.20
= 1,340 hours × $13.20
= $17,688 unfavorable
Since the actual hours is more than the standard hours so it would leads to unfavorable variance
Answer: Managerial level
Explanation: In simple words, Managers refer to that individual employee in an organisation who do not perform the tasks himself but monitors and regulates other many individuals for performing the tasks.
In the given case, Todd's job includes preparing schedules, and monitoring sales and inventory etc. These task will be performed by others and will be monitored by him.
Thus, we can say that he is at the managerial level.
Answer:
The rate at which money circulates through an economy.
The velocity of money is 2.
Explanation:
The velocity of money is the rate at which money circulates in an economy. It can be defined as the rate at which money is exchanged or is used to purchase goods and services.
It is the number of times money changes hands or number of times money has been used in a given period of time.
According to the equation of exchange,
Nominal output
= 
Velocity of money
= 
= 
= 2
Answer:
Monopolistically competitive
Explanation:
Based on the information given the industry described is best classified as MONOPOLISTICALLY COMPETITIVE reason been in a Monopolistic competitive market their are competition among many manufacturer of product in which the products this manufacturer sell are different from each other .
Secondly the products are not similar or identical product reason been that their customer can easily differentiate between the goods or product that meet the same need of the product they want.
Therefore an industry or firm which consists of 100 small firms in which the largest firm can only accounts for 2% of sales while the Brand names on the other hand are considered to be a signal of quality is what is classified as MONOPOLISTICALLY COMPETITIVE market.
