Answer:
$24 favorable
Explanation:
The formula to compute the variable overhead efficiency variance is shown below:
= (Actual machine hours - standard machine hours) × variable overhead per hour
where,
Actual machine hours is 2,270 machine hours
The standard machine hours is 2,280 hours and the standard variable manufacturing overhead rate is $2.40
Now put these values to the above formula
So, the value would equal to
= (2,270 hours - 2,280 hours) × $2.40
= $24 favorable
Tom is a First line manager. First line managers are
managers who are supervising the people who are in the manufacturing field,
example of first line managers are foreman and shift heads. Their role is
directly coordinate to the workers by assigning tasks, checking the quality of employees’
works, and giving heads up information to executive managers of the success and
problems that arise in the company.
Answer:
<u>Market segmentation.</u>
Explanation:
Market segmentation is a process used by an organization that divides its potential customer according to tastes, needs and characteristics and similarities between customer groups, with the aim of directing the marketing strategy and product line to each customer group. identify their particularities to meet their own needs more effectively.
Answer:
The endowment fund is not satisfied with the advisor's performance
Explanation:
Judging from a nominal interest rate perspective where return expected of an investment comprises of real rate of return and an extra return which is a compensation for inflation rate in the economy,the endowment fund is not satisfied with performance of the advisor.
The satisfactory rate of return that would be expected of the advisor is computed below:
nominal interest rate=real rate+inflation rate
real rate is 8.2%
inflation rate is 2.9%
nominal interest rate=8.2%+2.9%
=11.10%
Competition will eventually make the price of goods and services to equilibrium price.
Competition will make the sellers lower the price so they can attract consumers, which will be very beneficial for the consumers
hope this helps