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Liono4ka [1.6K]
2 years ago
8

Suppose 10 new hair salons open in this city. Would this have an effect on the supply and / or demand curves? Explain

Business
1 answer:
vichka [17]2 years ago
4 0

Answer:

it would have effects on the demand

Explanation:

this would have more affect on the demand because there are more people that want the Supply

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Answer:

Labor Rate Variance = - $1,188 Unfavorable

Explanation:

Provided labor hours for each radio = 0.9

Standard labor cost per hour = $7.20

Actual labor cost = $48,708

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Actual labor rate = $48,708/6,600 = $7.38

Labor Rate Variance = (Standard Rate - Actual Rate) \times Actual Hours

= ($7.20 - $7.38) \times 6,600 =<em><u> - $1,188 Unfavorable</u></em>

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