Iron triangles have given way to INTER-GOVERNMENTAL LOBBYING over the years.
Iron triangles refer to a mutual relationship between three three groups or organizations such as government agencies, interest groups and legislative committees (law makers). It is a policy making relationship in the United States politics.
Answer:
a) Sales volume variance = $1496000 unfavorable
flexible-budget variance = $192000 favorable
b) For direct materials
Price variance = `$135000 unfavorable
efficiency variances = $527920 favorable
For direct manufacturing labor
Price variance = `$36600 unfavorable
efficiency variances = $914815 favorable
Explanation:
a) Sales volume variance = (Actual units sold - Budgeted units sold) x Budgeted price per unit = (4800 - 7000) × $680 = $1496000 unfavorable
flexible-budget variance = (Actual price - Budgeted price) x Actual units sold= ($720 - $680) × 4800 = $192000 favorable
b) For direct materials
Price variance = (Actual cost - standard cost) x Actual quantity of units purchased = ($5.95/ pound - $8/pound) × 66000 pound= `$135000 unfavorable
efficiency variances = (Actual unit - Standard unit) x Standard cost per unit = (66000 pound - 10 pound) × $8 per pound= $527920 favorable
For direct manufacturing labor
Price variance = (Actual cost - standard cost) x Actual hours = ($48/hour - $50/hour) × 18300 hours = `$36600 unfavorable
efficiency variances = (Actual hours - Standard hours) x Standard cost per hour= (18300 hour - 3.7 hour) × $50/hour = $914815 favorable
Answer:
The correct answer is Channel pricing.
Explanation:
In the industry, the Channel Pricing is used with the purpose of setting the prices depending on the means of delivery of goods or services. Coca-cola used the channel pricing to offer different prices depending on the location the people usually buy the products.
Answer:
Theory Y views
Explanation:
According to McGregor, managers who subscribe to the theory Y assumptions have an optimistic view of their employees. They regard employees as intelligent and innovative people who can provide solutions to the organization's problems. Theory Y managers appreciate employee differences, encourage them to improve their skills and work rate.
<u>Assumptions of Theory Y include</u>
- Employees are happy to work on their initiative.
- Workers like to be involved in decision making.
- Workers are self-motivated and like to complete their tasks.
- Employees willingly seek and accept responsibility
- View work as fulfilling and challenging.
- Have the ability to solve the organization's problems creatively and innovatively.
Answer:
The yield to maturity is 9.127%
Explanation:
The yield to maturity is the yield or return on the bond as a percentage of its current price in the market. The formula to calculate the yield to maturity is:
YTM = C + {(F - P) / n} / {(F + P) / 2}
Where,
- C is the coupon payment / interest payment on the bond
- F is the face value of the bond
- P is the current market price of the bond
- n is the years to maturity
The coupon payment = 1000 * 0.113 = 113 per year
So, YTM = 113 + {(1000 - 1127.3) / 8} / {(1000 + 1127.3) / 2}
YTM = 0.09127 or 9.127%
