Answer: 104 reviews
Explanation:
Number of customers reviews = 160
Percentage of customer reviews that were excellent= 65%
.
Number of customer reviews that were excellent will be:
= 65% × 160
= 65/100 × 160
= 0.65 × 160
= 104
104 reviews were excellent.
Answer:
B) Leave the equilibrium price unchanged.
Explanation:
Oligopolistic market is the arrangement where few companies offer same product to the customers. There is very less competition in the market so every supplier has fair chance for operating their business successfully. The kinked demand model curve in oligopolistic market would leave the equilibrium price unchanged.
Your answer is B, <span>If approved by the NSF, it will have a mark to indicate that endorsement.</span>
Answer:
<u>DM variances:</u>
Price 2650
Quantity -4,800
<u>Labor Variances:</u>
Rate:-2,000
Efficiency 1400
Explanation:
<u>DM variances:</u>
Price
(std - actual) x actual quantity
(2.4 - 2.2) x 13,250 = 2,650
Quantity
(standard quantity - actual quantity) x std price
(7.5x1,500 - 13,250) x 2.4 = -4,800
<u>Labor Variances:</u>
Rate:
(std rate - actual rate) x actual hours
(7 - 9) x 1,000 = -2,000
actual rate = actual cost/actual hours = 9,000/1,000 = 9
Efficiency
(std hours - actual hours) x std rate
(1,500 x 0.8 - 1,000) x 7 = 1400
Answer:
fixed position
Explanation:
A fixed position layout is where a product to be produced remains in a certain spot or location but the workers needed to work on the product , including machinery are moved to the place where the product is to be produced as at when required. This is because there may be limited space at the project site, hence component parts of the product to be manufactured are then coupled at other site and taken to the product site.
An example of fixed layout is the construction of dams, shipbuilding, buildings etc. A fixed position layout is most suited for heavy and fragile products.