When considering barriers to international communication, companies should be aware that noise tends to increase the probability of effective communication. source effects can be beneficial for an international business when potential consumers in a target country have a bias against foreign firms. many international businesses try to promote positive source effects by deemphasizing their foreign origins. fewer firms vie for the attention of prospective customers in developing countries, thus the noise level is lower. research suggests consumers use country of origin when evaluating a product, when they have detailed knowledge of the product.


True or false?

Answers

Answer 1
True, I believe so if not then correct me.

Related Questions

A club good, such as a movie theater, is __________. non-excludable and non-rivalrous excludable and non-rivalrous non-excludable and rivalrous excludable and rivalrous

Answers

People often set up different establishment. A club good, such as a movie theater, is excludable and non-rivalrous.

What are club goods. Club goods  is commonly referred to as an artificially scarce goods. They are a type of good in economics. They are also grouped as a subtype of public goods that are excludable but non-rivalrous.

That is these goods often reaches a point where congestion takes place. Goods here do show high excludability, and also low rivalry in consumption.

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Given a standardized normal distribution​ (with a mean of 0 and a standard deviation of​ 1), complete parts​ (a) through​ (d) below.
Click here to view page 1 of the cumulative standardized normal distribution table. LOADING...
Click here to view page 2 of the cumulative standardized normal distribution table. LOADING...
Question content area bottom
Part 1
a. What is the probability that Z is between​ -1.52 and​ 1.86? ​(Round to four decimal places as​ needed.)
A.
​P(-1.52 < Z​ < 1.86)​ =NORM.S.DIST(1.86,0)-NORM.S.DIST(-1.52,0)= -0.0549
B.
​P(-1.52 < Z​ < 1.86)​ =NORM.S.DIST(1.86,1)-NORM.S.DIST(-1.52,1)=0.9043
C.
​P(-1.52 < Z​ < 1.86)​ =NORM.S.DIST(1.86,1)+NORM.S.DIST(-1.52,1)=1.0328
D.
​P(-1.52 < Z​ < 1.86)​ =NORM.S.DIST(-1.52,1)-NORM.S.DIST(1.86,1)= -0.9043
b. What is the probability that Z is less than​ -1.52 or greater than​ 1.86? ​(Round to four decimal places as​ needed.)
A.
​P(Z <​ -1.52 OR Z​ > 1.86)​ =NORM.S.DIST(-1.52,0)+(1-NORM.S.DIST(1.86,0))=1.0549
B.
​P(Z <​ -1.52 OR Z​ > 1.86)​ =NORM.S.DIST(-1.52,1)-(1+NORM.S.DIST(1.86,1))= -1.9043
C.
​P(Z <​ -1.52 OR Z​ > 1.86)​ =NORM.S.DIST(-1.52,1)+NORM.S.DIST(1.86,1)=0.1964
D.
​P(Z <​ -1.52 OR Z​ > 1.86)​ =NORM.S.DIST(-1.52,1)+(1-NORM.S.DIST(1.86,1))=0.0957

Answers

Answer:

d is the right answer that's my answer

what is a loan agreement that provides for payment increases to allow the amount owed to be paid off more quickly?

Answers

An amortizing loan is a type of loan contract that stipulates payment increases to enable the principal balance to be repaid more quickly.

What is a loan amortization agreement?

It can signify one of two things: repayment of a loan's principal before the loan's actual due date. The borrower is typically required to make payments on schedule for loans that amortize.

How does loan amortization work?

Calculating the monthly bill due throughout the course of the loan amortizes the debt. The next step is to create an amortization plan that explicitly states how much of each payment is going toward principal and how much is going toward interest.

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Callie Brent's credit card statement for March 31 showed a previous balance of $210.40 and new purchases of $22.31 on 3/11, $12.11 on 3/18, and $34.85 on 3/23. She made a payment of $210.40 on 3/27. What is Callie's new balance?

Answers

If Callie Brent's credit card statement for March 31 showed a previous balance of $210.40 and new purchases of $22.31 on 3/11, $12.11 on 3/18, and $34.85 on 3/23. She made a payment of $210.40 on 3/27. What is Callie's new balance is $69.27.

What is the new balance?

Let make use of this formula to determine the new balance

New balance = Previous balance + 3 / 11 ew purchase + 3 / 18 New purchase+ 3 / 23 New purchase - Payment

Let plug in the formula

New balance = $210.40 + 22.31 + $12.11 + 34.85 - 210.40

New balance = $69.27

Therefore we can conclude that the new balance is the amount of $69.27.

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viết lý do chọn đề tài hay về chiến lược xúc tiến của công ty grab

Answers

Answer:

đồ án phân tích việc thực hiện chiến lược marketing của Grab tại Việt Nam ... soát ... lược giá (Price) 18 1.3.3 Chiến lược phân phối .20 1.3.4 Chiến lược Xúc tiến hỗn ... lược cấp công ty Tổng tài sản Grab Singapore 2014 - 2015 Doanh thu Grab ... lý Trong trình học tập hướng dẫn thầy Đỗ Thanh Tùng em hoàn thành đề tài .

The envelope method, notebook and pencil, and online software are all methods of ______.
estimating your unexpected expenses
planning for your future
tracking your spending
understanding your current expenses

Answers

Answer:

tracking your spending

Explanation:

In personal and business activities inner needs to track spending in order to know financial status and budget effectively with available funds.

Without tracking spending there is tendency that waste will occur and spending on unimportant items will occur.

The envelop method entails having money for each category of spending in different envelops. At the end of a period you can check the envelops to see how much has been spent in each category.

Notebook and pencil involves writing down expenses.

Online software such as QuickBooks can be used to track how much an individual or business has spent.

Answer:

C. tracking your spending

Explanation:

The best way to start a statement on your résumé is with _____. a. “I” or “My” b. a noun c. an active verb d. an adjective Please select the best answer from the choices provided A B C D

Answers

The best way to start a statement on your résumé is by using an active verb.

What is a Résumé?

This is referred to a document that summarizes work experience, educational background, and special skills of individuals.

A résumé starts with an active verb as it helps to show the necessary actions within a sentence thereby making option C the most appropriate choice.

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- True or False: Professional shoplifters steal primarily for the excitement.

Answers

False, professional shoplifters steal to resell items

Let MAC1 = 100 – 10E and MAC2 = 50 – 10E. Graph each function and compute the aggregate MAC curve. Let MD = 30E, compute the socially efficient equilibrium. For the equations given above, suppose the government sets the pollution level at four units. What are the net social costs of this policy?
Suppose a technological change occurs that reduces the marginal costs of abatement for polluter 1 in the above equation to that of polluter 2. How does this affect the socially efficient level of pollution? Solve numerically and graphically.

Answers

If the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not impact the socially efficient level of pollution. The level is still determined by equating Marginal Damage with the Aggregate MAC.

To graph each function, we can plot MAC1 and MAC2 on a graph with the quantity of emissions (E) on the x-axis and the marginal abatement cost (MAC) on the y-axis.

For MAC1: MAC1 = 100 - 10E

For MAC2: MAC2 = 50 - 10E

To compute the aggregate MAC curve, we add the individual MAC curves together. So, Aggregate MAC = MAC1 + MAC2.

Aggregate MAC = (100 - 10E) + (50 - 10E) = 150 - 20E

Now, let's calculate the socially efficient equilibrium by setting the Marginal Damage (MD) equal to the Aggregate MAC.

MD = Aggregate MAC

30E = 150 - 20E

Simplifying the equation, we get:

50E = 150

E = 3

Therefore, the socially efficient equilibrium occurs when the quantity of emissions (E) is 3.

Now, let's calculate the net social costs of the policy when the government sets the pollution level at four units.

Net social costs = Aggregate MAC - MD

Net social costs = (150 - 20(4)) - (30(4))

Net social costs = 110 - 120

Net social costs = -10

The net social costs of this policy would be -10, indicating a net benefit to society.

If a technological change occurs that reduces the marginal costs of abatement for polluter 1 to that of polluter 2, it means that MAC1 will become equal to MAC2.

Setting MAC1 equal to MAC2:

100 - 10E = 50 - 10E

Simplifying the equation, we find that E can have any value, as both sides are equal.

Graphically, this change would mean that MAC1 and MAC2 become parallel lines on the graph, with the same slope and intercept. The socially efficient level of pollution would still be determined by equating MD with the aggregate MAC.

In conclusion, if the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not affect the socially efficient level of pollution. The socially efficient level is still determined by equating the Marginal Damage with the Aggregate MAC, regardless of the marginal costs of individual polluters.

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OPR finds its cases through all of the following except which one? A. The investigation division of OPR.

Answers

Answer:

The investigation division of OPR.

Explanation:

OPR stands for Office of Professional Responsibility. It is a section of department of justice whose task is to monitor any misconduct in the government departments. It is responsibility of OPR to find any allegations that result in misconduct in department of attorney. The OPR finds its cases through all except the own division. There will be chance of familiarity and self review threats in such monitoring.

How many eggs should farmer Yokesalot produce?
2. How much total revenue is farmer Yokesalot making?
3. What is the total cost of production incurred by this firm?
4. Is farmer Yokesalot making a profit or a loss? What is the amount of the
profit or loss?

Answers

According to the graph and under the presumption that egg demand won't change, farmer Yokesalot should lay 50 eggs to maximise his profit.

How much money do farmers make in Nsso?

According to the most recent poll, an agrarian family's income is just slightly more than one-third derived from agriculture. This typical family earns just Rs 3,798 per month from raising a variety of crops, Rs 1,582 from raising animals, Rs 641 from running a business, and Rs 4,063 from wages and salaries.

Which Indian agricultural is most profitable?

Milk and milk-related goods are always in high demand. As a result, we may claim that the dairy industry in India is the most lucrative one.

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Weighted Average Method, Unit Cost, Valuing Inventories Cassien Inc. manufactures products that pass through two or more processes. During June, equivalent units were computed using the weighted average method: Units completed 53,400 Units in EWIP X Fraction complete (36,000 X 60%) 21,600 Equivalent units of output 75,000 June's costs to account for are as follows: BWIP (10,000 units, 80% complete) $50,000 Materials 90,000 Conversion costs 34,000 Total $174,000 Required: 1. Calculate the unit cost for June using the weighted average method. Round your answer to the nearest cent. $ per unit 2. Using the weighted average method, determine the cost of EWIP and the cost of the goods transferred out. If required, round your answers to the nearest dollar. Cost of ending work in process $ Cost of the goods transferred out $ 3. Cassien had just finished implementing a series of measures designed to reduce the unit cost to $2.00 and was assured that this had been achieved and should be realized for June’s production. Yet, upon seeing the unit cost for June, the president of the company was disappointed. Can you explain why the full effect of the cost reductions may not show up in June? What can you suggest to overcome this problem?

Answers

Answer and Explanation:

1. Unit Cost for June = Total Cost/ Equivalent Units of output

= 174,000/75,000

= $2.32 per unit

2. Cost of Ending Work in Progress = Cost per unit * Ending WIP

= 2.32 * 21,600

= $50,112

Cost of goods transferred out = Cost per unit * Units completed

= 2.32 * 53,400

= $‭123,888‬

3. By using the Weighted Average method for calculating cost, May costs will also be reflected in the cost figures. In May, the measures to reduce cost had not been implemented so the costs were still higher than anticipated for June. They will therefore pull the June costs upward such that the cost reductions will not show up in June.

This can be overcome by using a method that would reflect the cost of June alone.

Using the service blueprint, make a list of all the potential key service failure points and the associated customer expectations. For example a service failure point with expectations is: check-in should be fast and hassle free. You should find 10 to 15 service failure points.

Answers

Using a service blueprint, a list of potential key service failure points and their associated customer expectations would depend on the industry and the customer preference.

What are some potential key service failure points ?

Some general key service failure points would include:

Check-in should be fast and hassle-free.Staff should be knowledgeable and able to provide accurate information.Service should be delivered within the promised timeframe.Billing and payment processes should be transparent and error-free.Facilities should be clean, well-maintained, and comfortable.Communication should be clear and timely, keeping customers informed about any delays or changes.Staff should be friendly, courteous, and attentive to customer needs.Resolving complaints and addressing issues should be handled promptly and effectively.Product or service quality should meet or exceed customer expectations.Personal data and privacy should be protected and kept secure.Service should be personalized and tailored to individual customer preferences when possible.Any service disruptions or interruptions should be minimized and resolved quickly.Accessibility should be ensured for customers with special needs or disabilities.Service recovery actions should be proactive and designed to restore customer satisfaction after a service failure.Any additional fees or charges should be clearly communicated upfront to avoid surprises.

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Yields on short-term bonds tend to be more volatile than yields on long-term bonds. Suppose that you have estimated that the yield on 20-year bonds changes by 10 basis points for every 21-basis-point move in the yield on 5-year bonds. You hold a $2.1 million portfolio of 5-year maturity bonds with modified duration 4 years and desire to hedge your interest rate exposure with T-bond futures, which currently have modified duration 9 years and sell at F0 = $70. How many futures contracts should you sell? (Do not round intermediate calculations. Round your final answer to the nearest whole number.)

Answers

Answer:

67

Explanation:

thebyield is good

Which is the first step in preparing a message either written or verbal?
Consider the audience
Create an outline
Choose a delivery method
Determine the purpose of the message

Answers

Answer: Determine the purpose, I believe. This is my specific order:

Explanation:

1. Determine the purpose of the message

What is your message going to be about?

2. Choose a delivery method

Are you trying to persuade your audience?

3. Consider the audience

Think about what ways you can get your specific audience to pay attention to you and hear you out throughout your message.

4. Create an outline

An outline is similar to a pre-write. Choose the order of events you will be delivering your message in.

Select the TRUE statements.

1. A check date is necessary so the bank will know the amount of money used in the processing of the check as well as the day of purchase.
2. Over 95 percent of the country's money in circulation is in checking accounts.
3. One of the steps towards what many people call a " cashless society" was when checking accounts were introduced.
4. The payee is your personal autograph attesting to the validity of the checking account.
5. In some cases banks have charged anywhere from $18 to $250 for an overdraft.
6. It is okay to overlook a "small" expense. It is not that much of your overall budget.
7. When you talk with a customer service representative, you can tell them of your particular needs in opening a checking account

Answers

The true statements on the banking industry is:

3. One of the steps towards what many people call a " cashless society" was when checking accounts were introduced.7. When you talk with a customer service representative, you can tell them of your particular needs in opening a checking account

What are some facts about banking?

It is a true statement that banks have over 75% of all the money in circulation in checking accounts. This figure is not over 95% as there still needs to be money in investments and other types of accounts. There have been steps towards a cashless economy in the past and one of these was the introduction of checking accounts which can be used with debit cards.

Banks have customer service representatives who are to give the best advice they can to customers. This means that if you have a particular need in opening a checking account, you can talk to a customer service representative to hear your options.

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Davis Enterprises has 250,000 shares of $5 par value common stock outstanding. Davis declares $2 dividend on March 2, payable on April 2. The journal entry for the payment of the Cash dividend on April 2 is:_____

Answers

Answer with explanation:

Total shares = 250,000

Dividend per share = $ 2

Total dividend = (Total shares)  x (dividend ) = 250,000 x 2 = $500,000

So, the journal entry for the payment of the Cash dividend on April 2 would be :

Date       particular business transaction           Debit           Credit                            

April 2      Dividend payable A/c   Dr.                $500,000

                   To cash  A/c               Cr.                                     $500,000

The journal entries that would take place in the books of Davis enterprises as on April 2nd will take effect as debit in dividend payable Ac which would in turn be credited to the Cash Ac.

Journal entries is a simple format of recording the financial transactions of an organization in a chronological manner as they keep occurring in the business.

There will be debit in dividend payable account which would lead to take entry in the cash ac in the ledger accounts of the organization, here, Davis Enterprises.

There are 250000 share outstanding at the end of Davis Enterprises and the dividend of $2 has been declared per share which will lead to declaration of $500000 dividend in amount.

This $500000 will be distributed proportionately among the shareholders of the firm by virtue of number of shares being held by them in their demat accounts as on the record date.

Hence, the dividend of $500000 will be declared by Davis Enterprises and the journal entries are attached below.

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Davis Enterprises has 250,000 shares of $5 par value common stock outstanding. Davis declares $2 dividend

Jose has an ownership interest in TY Corporation, but he is not involved in day-to-day operations. Jose can best be described as a(n)_________

Answers

Considering the situation described above, Jose can best be described as a "Shareholder."

This is because a shareholder is a person or entity that owns shares of company stock.

While shareholders can tale some certain functions or decisions in the business or company activities, they do not take part in the daily activities of the business.

Some of the functions of a shareholder include the following:

Exercising of voting rightsShareholders may call for general meetings. Shareholders may inspect registers and books.Shareholders may get copies of financial statements.

Shareholders can also be called Stockholders.

Hence, in this case, it is concluded that the correct answer is "Shareholder."

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a. At the beginning of the year, Addison Company's assets are $176,000 and its equity is $132,000. During the year, assets
increase $80,000 and liabilities increase $59,000. What is the equity at year-end?
b. Office Store Company has assets equal to $224,000 and liabilities equal to $194,000 at year-end. What is the equity for
Office Store Company at year-end?
c. At the beginning of the year, Quaker Company's liabilities equal $69,000. During the year, assets increase by $60,000,
and at year-end assets equal $190,000. Liabilities decrease $18,000 during the year. What are the beginning and ending
amounts of equity?

Answers

At the beginning of the year, Addison Company's assets will be:

a. The equity at year-end will be $197,000.

b. The equity for Office Store Company at year-end will be $30,000.

c. The beginning and ending amounts of equity will be $103

What is assets?

Assets are items of value owned by an individual or an organization. Assets are divided into two categories: tangible and intangible. Tangible assets are physical in nature, such as cash, land, buildings, equipment, inventory, and investments. Intangible assets are non-physical, such as intellectual property, goodwill, copyrights, and trademarks. Assets can be used to measure the value of a business and its performance.

a. Equity at year-end = $176,000 + $80,000 - $59,000 = $197,000

b. Equity for Office Store Company at year-end = $224,000 - $194,000 = $30,000

c. Beginning equity = $69,000; Ending equity = $190,000 - $69,000 - $18,000 = $103

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Tất cả hàng hóa khi qua các kho đều lần lược qua 4 khâu nào:
a. Nhập, lưu trữ, chọn lọc, giao hàng
b. Nhập, lưu trữ, chọn lọc, xuất kho
c. Nhập, lưu trữ, chọn lọc, phân loại
d. Tất cả đều đúng

Answers

Answer:

c.

Explanation:

Briefly discuss the advantages of place departmentalisation​

Answers

Answer:

Places responsibility at a lower level Places emphasis on local markets and problems. Improves coordination in a region Takes advantage of the economics of local operations. Face-to-face communication with local interests.

Does anyone know how to do this worksheet? I’m very confused.

Does anyone know how to do this worksheet? Im very confused.

Answers

Answer: Look up the definitions.

Explanation:

I know this isn’t very helpful but knowing what the definitions of the words will help a LOT.

Also, does anyone have an answer to Why did the history of digital animation begin in 1946?

Select the correct answer.
Social workers help to improve the quality of life for their clients.
A. True
B. False

Answers

Answer:

True

Explanation:

I would say this would be a True Statement. Social Workers help the wellness of their clients. Which improves the quality of life.

substance disposal and recycling are part of which supply chain business process?

Answers

Substance disposal and recycling are part of the reverse logistics business process in the supply chain.

Reverse logistics involves the movement of products or materials from their final destination back to their origin, for the purpose of disposal, recycling, or reuse. This process is critical in managing waste and reducing the environmental impact of supply chain activities. Disposal of substances involves the proper handling and disposal of hazardous materials, such as chemicals or batteries, that could pose a risk to human health or the environment. Recycling, on the other hand, involves the reuse of materials or components that can be recovered from products that have reached the end of their useful life. By implementing effective reverse logistics processes, companies can reduce waste and minimize their environmental impact. This can also help to reduce costs by recovering materials or components that can be reused or resold. Effective substance disposal and recycling practices require careful planning, coordination, and communication throughout the supply chain, from the point of production to the final destination of the product.

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your boss would like your help on a marketing research project he is conducting on the relationship between the price of tomato paste and the quantity of tomato paste demanded. he hands you the following document:

Answers

It is your responsibility to create a graphical representation of the data using this supply schedule. In doing so, you discover that the quantity of juice delivered climbs as the price of juice does. The Law of Supply is therefore supported.

A supply schedule is a table that shows the quantity supplied for each price.The supply curve is occasionally referred to as a supply schedule since it is a graphic representation of the schedule. Consumer demand: The price ranges that multiple businesses in a given market provide the same product at are shown on a schedule of market supply. An example of this would be shampoo from multiple producers. A supply schedule is a table-based representation of the many products that a supplier provides throughout time in different amounts and at different prices. The supply schedule shows how the volume and cost of the commodities are related.

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Shared negative feelings in a group can positively influence task performance when they stem from ________. However, shared negative feelings can hinder performance in a group when they stem from ________.

Answers

Shared negative feelings in a group can positively influence task performance when they stem from social category diversity. However, shared negative feelings can hinder performance in a group when they stem from informational diversity. Thus the correct option is B.

What is a group?

A group is referred to as a collection of poele come together to form a relationship or connection with each other. These groups mainly form to perform collaborative activities to achieve something.

Shared feelings can both affect the performance of the team positively and negatively. It helps in information exchange as well as gives rise to conflict as well due to disagreement.

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The complete question is probably

Shared negative feelings in a group can positively influence task performance when they stem from ________.However,shared negative feelings can hinder performance in a group when they stem from ________.

A)perceptual distance; job involvement

B)social category diversity; informational diversity

C)team structure; process shifts

D)a source outside of the team; a source inside the team

Should a firm engage in trasnfer pricing and transfer prices that avoid taxes

Answers

Answer:

No. The practice of transfer pricing to avoid taxes is illegal and could result in significant fines and penalties. The firm should ensure that all transfer prices are consistent with average market rates for the industry and are compatible with the arm's length principle.

Explanation:

100 POINTS** How does the book " Sounder " Represent Christianity?

Answers

William H. Armstrong was the native of Lexington, Shenandoah Valley. he mentioned his school days and about the church in the book "Sounder".

What was mentioned in the "Sounder" book about the Christianity?

Armstrong changed his mind about the Bible. He has so many questions about that, due to which he start writing his own books to find the answers.

His main interest was to write about the questions of young and old people related to the Bible.

He appeals to various ages and Christianity.

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Answer:

Explanation:

Armstrong changed his mind about the Bible. He has so many questions about that, due to which he start writing his own books to find the answers.

His main interest was to write about the questions of young and old people related to the Bible.

He appeals to various ages and Christianity.

An automated turning machine is the current constraint at Jordison Corporation. Three products use this constrained resource. Data concerning those products appear below:
LN JQ RQ
Selling price per unit $ 161.88 $ 350.41 $ 446.71
Variable cost per unit $ 116.12 $ 279.11 $ 338.71
Minutes on the constraint 2.60 4.60 7.50
Rank the products in order of their current profitability from most profitable to least profitable. In other words, rank the products in the order in which they should be emphasized. (Round your intermediate calculations to 2 decimal places.)
Garrison 16e Rechecks 2017-09-13
A. LN, JQ, RQ
B. RQ, LN, JQ
C. RQ, JQ, LN
D. JQ, RQ, LN

Answers

Answer:A. LN, JQ, RQ

Explanation:

To know the current profitability, we need to determine the contribution margin unit  by the minutes on the constraints .

a) For LN  

Contribution by unit =  Selling price per unit- Variable cost per unit

$ 161.88 -$116.12 = $45.76

Contribution by the minutes = Contribution by unit / Minutes on the constraint

= $45.76/ 2.60 = 17.60

B) For JQ

Contribution by unit =  Selling price per unit- Variable cost per unit

$ 350.41 -$279.11 = $71.3

Contribution by the minutes = Contribution by unit / Minutes on the constraint

= $71.3/ 4.60 = 15.50

c) For RQ  

Contribution by unit =  Selling price per unit- Variable cost per unit

$ 446.71 -$338.71 = $108

Contribution by the minutes = Contribution by unit / Minutes on the constraint

= $108/ 7.50 = 14.40

In order of their current profitability from most profitable to least profitable, We have LN with 17.60, next JQ with 15.50 and the least RQ with 14.40  

Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows:

1. What is the materials quantity variance for March?

2. If Preble had purchased 171,000 pounds of materials at $7.20 per pound and used 155,000 pounds in production, what would be the materials quantity variance for March?

3. What is the labor rate variance for March?

4. What is the labor efficiency variance for March?

5. What is the labor spending variance for March?

Preble Company manufactures one product. Its variable manufacturing overhead is applied to production

Answers

Labor efficiency variance = (Actual hour * Standard rate) - (Standard hour * Standard rate).

Labor efficiency variance = $404,600 F

What is Labor efficiency variance?

By "efficiency of labor," we mean a worker's ability to produce more or better work, or both, over the course of a given amount of time.

1) Labor efficiency variance = (68,000 * $17) - ((30,600 * 3) * $17)

Labor efficiency variance = $1,156,000 - (91,800 * $17)

Labor efficiency variance = $404,600 F

2) Variance in direct labor worked divided by variance in labor efficiency

Variance in labor costs is $404,600 - $68,000.

Variance in labor costs = $336,600 F

3) Planned unit sold minus variable overhead equals variable manufacturing overhead cost.

Manufacturing variable overhead cost = 24,000 * $21

$504,000 is the variable manufacturing overhead cost.

4) Planned unit sold minus variable overhead equals variable manufacturing overhead cost.

Cost of variable overhead in production = 30,600 * $21

$642,600 is the variable manufacturing overhead cost.

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