The company uses units as the measure of activity in its budgets and performance reports. during october, the company budgeted for 5,100 units, but its actual level of activity was 5,090 units. the company has provided the following data concerning the formulas to be used in its budgeting:
fixed element per month variable element per tenant-day
direcr labor $0 $5.40
direct materials $0 13.20
manufacturing overhead $45,800 1.70
selling and administrative expenses $22,800 0.50
total expenses $68,600.00 $20.80the direct materials in the flexible budget for october would be closest to:
the definition of free enterprise would be competition is allowed to flourish with a minimum of government interference.
so the weak points or cons of this economy would be
the risk when creating a new product, profit is also a risk. business owners don't know if their product will be a success or a fail. (efficiency at a cost)
- inflation. this is the biggest danger of economic growth. when the demand outgrows supply, it sets the scene for companies raising prices. this sort of disparity can have a very bad chain reaction (economic growth rates)
hope this .
the answer is: "at least-cost production."
' how goods and services be produced ? ' is a question that would determine the number of type of equipment that we need to purchase, the number of workers we need to hire, and the type of materials should we use.
all of these would influence the total cost of production. which mean that this question can be used to answer the most cost-efficient method for a company to produce its goods/services.
(c ) improvements in worker health from better nutrition
robert fogel, an economic historian, and noble prize winner for economics, is best known for suggesting that a significant factor in long-run economic growth is improvements in worker's health from better nutrition, he was of the opinion that malnourished workers cannot perform manual labor, because they don't have the strength and stamina, and this will affect productivity. he believed that as nutrition improve, so will worker's productivity.
answer; ///soft drinks mixed with alcohol will speed up the absorption rate; //////