VN
Vuyisile Ngwenya
Answers (6)
VN
Answered
The price in long-run equilibrium for a monopolistically competitive firm is _____ and output is _____,compared with that of a perfectly competitive firm with an identical production function and cost curves.
A) higher;higher
B) higher;lower
C) lower;higher
D) lower;lower
A) higher;higher
B) higher;lower
C) lower;higher
D) lower;lower
On Jul 15, 2024
B
VN
Answered
Briefly discuss the differences between the new and old career paradigms.
On Jul 12, 2024
Answers will vary. The time of the fast track to the top of the hierarchical organization is past. Also gone is the idea of lifetime employment in a single organization. The paternalistic attitude that organizations take care of employees no longer exists. Individuals now take on more responsibility for managing their own careers. The old career is giving way to a new career characterized by discrete exchange, occupational excellence, organizational empowerment, and project allegiance. The new career involves a type of participatory management technique on the part of the individual, but the organization responds to each individual's needs and thus is more flexible in its career development programs. Please see the section "Occupational and Organizational Choice Decisions" for more information.
VN
Answered
Valence refers to the individual forces that account for the direction, level, and persistence of a person's efforts expended at work.
On Jun 15, 2024
False
VN
Answered
The variable overhead rate variance for August is:
A) $640 F
B) $580 U
C) $640 U
D) $580 F
A) $640 F
B) $580 U
C) $640 U
D) $580 F
On Jun 12, 2024
B
VN
Answered
Ravena Labs., Incorporated makes a single product which has the following standards:Direct materials: 2.5 ounces at $20 per ounceDirect labor: 1.4 hours at $12.50 per hourVariable manufacturing overhead: 1.4 hours at 3.50 per hourVariable manufacturing overhead is applied on the basis of standard direct labor-hours. The following data are available for October:3,750 units of compound were produced during the month.There was no beginning direct materials inventory.Direct materials purchased: 12,000 ounces for $225,000.The ending direct materials inventory was 2,000 ounces.Direct labor-hours worked: 5,600 hours at a cost of $67,200.Variable manufacturing overhead costs incurred amounted to $18,200.Variable manufacturing overhead applied to products: $18,375.The materials price variance for October is:
A) $15,000 Unfavorable
B) $15,000 Favorable
C) $25,000 Unfavorable
D) $25,000 Favorable
A) $15,000 Unfavorable
B) $15,000 Favorable
C) $25,000 Unfavorable
D) $25,000 Favorable
On May 16, 2024
B
VN
Answered
The division's margin used to compute ROI is closest to:
A) 29.6%
B) 35.1%
C) 21.9%
D) 7.7%
A) 29.6%
B) 35.1%
C) 21.9%
D) 7.7%
On May 13, 2024
D