Answer:
The correct answer is A.
Explanation:
Giving the following information:
Standard Hours= 0.2 hours
Standard Rate= $11.00
Actual output of 3,500 units
Actual direct labor-hours 530 hours
To calculate the direct labor efficiency variance, we need to use the following formula:
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
Standard quantity= 0.2 hours*3,500 units= 700 hours
Direct labor time (efficiency) variance= (700 - 530)*11= $1,870 favorable
It is favorable because a lower number of hours were required to make 3,500 units than estimated.
Answer:
C. greenfield operation
Explanation:
Maddox intends to enter into a foreign market, and in order to manage to control all its activities by setting up production facilities and distribution channels from scratch, this company will choose a greenfield operation mode. Greenfield corresponds to what Maddox is planning to develop in a foreign field, which is a <em>enterely new project.</em>
ANSWER: Mark is correct
EXPLANATION: Mark's idea was to save Cody from paying interest if he swipes his credit card and his idea to save money for 3 months was correct. Cody needs to save money for 3 months to save money enough for the stereo. If he swipes the credit card, he will have to pay interest for 3 months or as long as he saves up enough money to repay the credit card bill. So, if avoid the interest payment, it is a safer idea for Cody to save money for 3 months and then buy the stereo.
The correct answer is auto loan.
Answer:
Answer A = $9,000
Answer B = $6,400
Answer C = $7,632
Answer D = $54,000
Answer E = $71,063
Explanation:
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