Answer:
Efficiency variance = $851 favorable
Explanation:
<em>Variable overhead efficiency variance: A variance is the difference between a standard cost and the actual cost. Variable overhead efficiency variance aims to determine whether or not their exist savings or extra cost incurred on variable overhead as a result of workers being faster or slower that expected.
</em>
<em>Since the variable overhead is charged using labour hours, any amount by which the actual labour hours differ from the standard allowable hours would result in a variance</em>
To calculate this variance, we do as follows:
Hours
4,700 should have taken(4,700 × 0.70 hrs) 3,290
but did take (i.e actual hours) 480 <u> 3,060</u>
Efficiency variance in hours 70 unfavorable 230 favourable
Standard variable overhead rate <u>× $3.70</u>
Efficiency variance <em> </em><u><em> 851
</em></u>
Efficiency variance = $851 favorable
<em> </em>
<em />
Answer :
13.86%
Explanation:
Calculation of the Expected rate of return
First step
Expected return = (.12 x.187) + (.84 x.144) + [.04 x(-.12)]
Second step
Expected return =(0.02244)+(0.12096)+ (-0.0048)
Expected return=0.1386 ×100
Expected return=13.86%
Therefore the Expected return would be 13.86%
Complete/Correct Question:
Assume that Brad and Theresa can switch between producing wheat and producing beef at a constant rate.
Minutes Needed to Make
1 Bushel of Wheat
Brad: 10
Theresa: 6
1 Pound of Beef
Brad: 12
Theresa: 10
Brad has a comparative advantage in the production of
a. wheat and Theresa has a comparative advantage in the production of beef.
b. beef and Theresa has a comparative advantage in the production of wheat.
c. both goods and Theresa has a comparative advantage in the production of neither good.
d. neither good and Theresa has a comparative advantage in the production of both goods.
Answer:
B, beef and Theresa has a comparative advantage in the production of wheat.
Explanation:
Firstly, let's define comparative advantage.
Comparative advantage can be said to be the ability to produce a product at a far lesser rate than is obtainable.
From the above question, it can be deduced that Theresa has a comparative advantage in the production of wheat going by the huge difference in the time needed to produce wheat.
On the other hand, Brad has a comparative advantage in the production of beef. This is because the time difference in the production time of wheat isn't the same with beef and as such Brad has some advantage in this regard.
Cheers.
Answer:
Upward communication
Reason- Upward communication takes place from the lower level of employees to the upper level of employees in the organization
Answer= Decoding
Reason- In the communication process, when the receives interprets he message received, it is termed decoding
Answer= Information overload
Reason- When a lot of messages is received and some messages are not attained, it indicates the issue of information overload
Answer= FInd ways to minimizing the emails physicians have to attend to
Reason= By reducing the number of emails to be responded, the information overload can be minimized
