Answer:
a) see attached graph
b) slope = -1/2 = -0.5
c) slope = -1/3 = -.033
d) trading with Kwame (green line)
e) you should trade with Kwame since you can obtain more fish (up to 60 in total)
Answer:
The direct labor rate variance for November is $34,200
Explanation:
To find out the direct labor rate variance, we have to multiply the actual standard rate of direct labor into actual hours of direct labor used
Standard hourly rate of direct labor hour = $14.40
Actual direct labor hours = 5,000
Standard direct labor cost
= 5,000 × $14.40
= $72,000
Total factory wages are $42,000 in which direct labor is 90%
= $42,000 × 90%
= $37,800
Actual direct labor cost = $37,800
Therefore,
Direct labor rate variance = Standard direct labor cost - Actual direct labor cost
Direct labor rate variance
= $72,000 - $37,800
= $34,200
Answer:
A. Raise the price and reduce the quantity of imports
Explanation:
A tariff can be defined as a specific tax levied on an imported good into the country. It is a tool to encourage buying of domestic goods. The method is that an increase in the price paid for importing goods would increase the price of the goods, thereby forcing Americans to buy goods made in America.
An entrepreneurial team includes a group of people that work together, they have complementary skills and are creative.
<h3>What is an entrepreneurial team?</h3>
An entrepreneurial team consists of people who have a similar interest and work together to pursue common goals and achieve success. They are entrepreneurs and may have different skills but they come to pull resources together for a goal.
They are innovative and creative.
Therefore, entrepreneurial team members have complementary skills and are creative.
Learn more on entrepreneur here,
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