Answer:
price variance 3,940 U
quantity variance 2,800 F
Explanation:
DIRECT MATERIALS VARIANCES
std cost $7.00
actual cost $7.10
quantity 39,400
difference $(0.10)
price variance $(3,940.00)
The difference between std cost and actual cost is negative, we purchased at a higher cost. the variance is unfavorable.
std quantity 39,000.00 (7,800 manufactured units x 5 lbs per unit)
actual quantity 39,400.00
std cost $ 7.00
difference -400.00
quantity variance $ (2,800.00)
We used more lbs than our standard for the output. This means we are not efficient in the use of materials. this variance is unfavorable as well
a. Helps in organising and analysing the data available.
b. Two such jobs are Data analyst, IT consultant, Cyber security analyst
c. They require expertise in their respective domain.
d. Requisite degree and work experience.
Explanation:
a. Information System has come as a boon to various job portals. It has increased the overall efficiency of the portals by efficiently organising and analysing the available data of various aspirants and the work portfolio of the business organisation. They help in optimisation of the work process by extracting information from the raw data of aspirant searching for a job.
b. Some of the jobs that require Information system knowledge are-
Data analyst
IT Consultant
Cyber Security
c. These jobs require expertise in their respective domains. E.g. Cybersecurity expert needs cyber expertise to under the technicalities behind the cyber aspect of the crime. A similar Data analyst needs to know about the modus operandi of handling a large amount of data.
d. One needs to have a requisite degree from a certified institution along with work experience for preparing for these jobs.
Answer:
C. decreasing output would increase the firm's profit.
Explanation:
The marginal concept explain the benefit or the cost that a company or firm gets of produce and additional unit of their product. In this case the marginal costs exceeds the marginal revenue, It means that the actual level of revenue isn't producing the optimum profit that could reach if the company decrease the output, for example
Marginal Cost= $1.20
Marginal revenue =$1
Difference = $1 - $1.20
= -$0.20
It means that the revenue of the firm increase but not at the same level that the marginal cost, that in this case is higher, it means that every additional unit affects negative the profitability of the company.
The accounting rate of return for this investment given its income, cost of the machine and the salvage value is 8.05%.
<h3>What is the accounting rate of return?</h3>
The accounting rate of return is a capital budgeting method used to determine the level of profitabiliy of an investement.
Accounting rate of return = Average net income / Average book value
Average book value = (cost of equipment - salvage value) / 2
Average book value = (59700 - 7500) / 2 = $21,600
Accounting rate of return = $2100 / 21600 = 8.05%
To learn more about Accounting rate of return, please check: brainly.com/question/13034173
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Answer:
Money Supply
Explanation:
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