Ijust cleaned up this mess is a manufacturer of cleaning products. during the period just ended, $62,400 in direct materials were purchased. all of the direct materials purchased were used in production. the direct material price variance for the period was $4,800 unfavorable; the total direct material variance was $14,400 unfavorable. the cost of direct material was expected to be $6 per pound. 3,800 actual direct labor hours were logged during production. the direct labor cost was expected to be $16 per unit of product. additional information related to direct labor is as follows: standard direct labor rate $8 per direct labor hour direct labor efficiency variance $1,600 favorable total direct labor variance $680 unfavorable

In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.

Which of the following is one of the main causes of inflation? a. wages drop so workers have to spend a higher percentage of income on necessities. b. demand drops and forces producers to charge more to meet their costs. c. rising unemployment cuts into national income. d. consumers demand goods faster than they can be supplied.

Upper a report about the decline of western investment in third world countries included this: "after years of daily flights comma several european airlines halted passenger service. foreign investment fell 400 percent during the 1990 s." what is wrong with this statement? choose the correct answer below. a. if foreign investment fell by 100 % comma it would be totally eliminated comma so it is not possible for it to fall by more than 100 %. b. the actual amount of the decrease in foreign investment is less than 100%. c. if foreign investment fell by 100%, it would be cut in half. thus, a decrease of 200% means that it would be totally eliminated, and a decrease of more than 200% is impossible. d. the statement does not mention the initial amount of foreign investment.