Answer:
The correct answer is B.
Explanation:
Giving the following information:
Actual number of cars detailed 110
Actual direct labor hours used 275
Standard direct labor cost per hour $8.46
Standard direct labor per car 1.5
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
Actual quantity= 1.5*110= 165 hours
Direct labor time (efficiency) variance= (165 - 275)*8.46
Direct labor time (efficiency) variance= $930.6 unfavorable
Answer:
The correct answer to the given above question is Zone of tolerance.
Explanation:
Zone of tolerance in simpler terms can be defined as the difference between a consumers desired level of service and the level of service a consumer considers adequate. This zone consists a range of various service performance that a consumer considers to be satisfactory. We can see this zone of tolerance when a consumer will stand in a line at a retail store , a consumer would be willing wait longer in the line if he or she thinks that product or service is valuable or a necessity to him and the waiting time would also depend on the type of store it is.
Answer:
The R.C.Willey furniture store has a sale for Memorial day weekend that if you purchase products that come over $499 a 60" TV can be purchased for only $300. This sales practice is known as<u> bundling.</u>
Explanation:
Here, the firm is selling two goods at a lower price, if the consumer has also brought a product, that is price tying, for it to be bundling, the firm would have made it mandatory to buy both the goods at a certain price.
Answer: A. Government's borrowing to refinance the debt may lead to higher interest rates. Higher interest rates reduce investment spending, leaving future generations with a smaller stock of capital goods.
Explanation:
When the Government replaces a debt with another debt by means of Refinancing, they will probably be charged a higher interest rate because replacing debt with another debt is not generally ideal.
A higher interest rate means a higher repayment amount. Should the government keep paying higher and higher rates for debt, they'll have to reduce their spending on Investment. Investment creates Capital Goods such as machines and equipment. A reduction in Investment spending therefore reduces future generations' access to capital goods.
One important factor that Vivian needs to consider is that demand changes as a result of changes in price, however, other factors could affect the demand for goods or services, examples are, changes in the price of related goods, the income of the people, changes in preference etc.
Therefore, based on this fact, Vivian should consider "Price elasticity of demand." Price elasticity of demand can be defined as a measurement used in economics to show the responsiveness or elasticity of the quantity demanded of a good or service to a change in its price when nothing but the price changes.
