In two weeks, Gerry will spend $13.6. We do not need to line up the decimal point when multiplying.
What is an illustration of a typical algorithm?Standard Algorithm Division Let's take an example of each of these steps: Example: Multiply 245 by 5. Step 1: In this case, write the number to divide and the divisor as: Step 2: Start with the digit in the hundreds place in our case and proceed one digit at a time.
Gerry spends $1.25 per day on lunch on Fridays, adding $0.55.
How much will Gerry spend in the next two weeks?There are five school days in a week, and Gerry spends $1.25 per day four days (Monday through Thursday).
On Fridays, Gerry spends $1.25 plus $0.55, which equals $1.80.
As a result, Gerry will spend $1.80 per week.
(1.25*4) + 1.80
= 5+ 1.80
= 6.8
Gerry will spend in two weeks:
2*6.8 = 13.6
The procedure for multiplying decimal numbers is identical to that of multiplying whole numbers, with the exception of where the decimal point appears in the final result.
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What involves using resources to make goods and services to satisfy the needs and wants of consumers?
Economics involves using resources in order to make goods and services to satisfy the needs and wants of the consumers.
Economics is considered to be the study of using resources in order to produce the goods and services which is as effectively and efficiently as possible to satisfy the needs and the wants of the consumers. It has been seen that the goods satisfy human wants.
However, this want-satisfying quality in a good is thus called utility. Thus, utility means the power to satisfy a human want. So, the customers tend to expect and they want a unique and personalised experience when purchasing.
Hence, a consumer is one who is the decision-maker that whether or not to buy an item.
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Assume that Job X used 70 direct labor-hours. How much manufacturing overhead would be applied to Job X
There is not enough information to determine the exact number, but the formula for manufacturing overhead is the total estimated overhead costs divided by the total estimated activity level.
The amount of manufacturing overhead applied to a job is typically determined using a predetermined overhead rate, which is calculated by dividing the total estimated overhead costs for a period by the total estimated activity level for the same period. Factors such as the specific overhead costs associated with the job, the type of overhead allocation method used, and the specific overhead rate used would all play a role in determining the amount of overhead applied to Job X. Without additional information, it is impossible to provide an accurate answer.
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A decrease in the price of large tractors imported into the United States from Russia Select one: a. leaves the GDP deflator unchanged but decreases the consumer price index. b. decreases the GDP deflator but leaves the consumer price index unchanged. C. decreases both the GDP deflator and the consumer price index d. leaves both the GDP deflator and the consumer price index unchanged.
a reduction in the cost of heavy tractors imported into the US from Russia Pick one: The GDP deflator and the consumer price index remain constant when (D) is selected.
What is the GDP?A monetary indicator of the market worth of all the final goods and services produced and sold (not resold) in a certain time period by nations is the gross domestic product (GDP).
This measurement is frequently reviewed before being regarded as a valid indicator due to its subjective and complicated character. To compare living standards between countries, however, using a base of GDP per capita at purchasing power parity may be more informative as nominal GDP does not account for changes in the cost of living and inflation rates of the various countries.
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The price elasticity of demand for a particular commodity depends upon all of the following except O A. the percentage of a consumer's total budget devoted to purchasing that commodity OB. the number of close substitutes for that commodity OC. the length of time allowed for price changes of that commodity OD. availability of complementary goods
Except for the availability of complementary commodities, all of the following factors affect the price elasticity of demand for a certain commodity.
The demand curve is the relationship between price and quantity demand. Demand for a product is affected by a number of factors, including perceived need, price, perceived quality, convenience, available alternatives, customer preferences, and financial resources. How much did the good cost? A good's potential price and the quantities that might be purchased at those prices form the fundamental relationship between supply and demand. A rise in price will typically result in a drop in the quantity demanded because the relationship is frequently antagonistic. This unfavorable link can be seen visually in the consumer demand curve's declining slope.
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arco earns more than Antonio. A legislator proposes taxing Marco to supplement Antonio's income. A libertarian would view this proposal as a. a way to enhance Antonio's income in a socially responsible way. b. an inappropriate role for government, since government should not redistribute income. c. validation of the role of diminishing marginal utility over the maximin criterion. d. a way to improve the welfare of all in society.
A legislator proposes taxing Marco to supplement Antonio's income will be a libertarian would view this proposal as a way to enhance Antonio's income in a socially responsible way.
The Cayman Islands are widely regarded as the world's most effective Taxation haven, and they are a popular choice for both businesses and financiers.
This country currently has no corporate taxes, which is a wonderful benefit that corporate entities take advantage of to avoid paying heavy and higher taxes. Taxation is the process by which a government raises funds to spend on things like public services and welfare benefits.
There are numerous methods for businesses tax revenue, as well as various definitions and structures for taxation, which are outlined below. The absence of taxes on income, capital gains, and even corporate profits makes this one of the world's most appealing tax havens.
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Jack's yearly salary added to Amy's yearly salary makes $99,000. Amy makes 25% more than Jack. What is Amy's salary
$99,000 is the result of adding Jack's and Amy's annual salaries. Jack earns 25% less than Amy does. Amy's yearly salary is 55,000.
What does it mean yearly salary?The sum of money you receive from your company on an annual basis as compensation for the work you do is known as your annual salary. Salary typically only includes cash payments and excludes non-monetary benefits. Prior to deductions like Social Security taxes or payments to retirement plans, a person's gross income is the amount they are paid.
Your annual gross income is your income before taxes and other deductions. This number is typically used by banks to determine if they can provide you a loan or credit card. Net income is your annual income excluding taxes and other withholdings.
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Why is the workplace changing?
The workplace is changing due to a variety of factors, including advances in technology, the changing nature of the global economy, and the need for organizations to remain competitive.
What is global economy?Global economy refers to the economic interactions between countries around the world. It is a system of production, consumption, and exchange of goods and services that transcends national boundaries. Global economic activities are interdependent, meaning that what happens in one country affects the economies of other countries. Factors such as trade, finance, and investment all play a role in global economic growth. The global economy has been shaped by events such as technological advancements, globalization, and the internationalization of markets.
Technology has enabled organizations to become more efficient and productive, while also allowing them to access a larger pool of talent. The global economy has also shifted, with more companies operating in multiple countries and needing to be able to adapt to different cultures and regulations. Additionally, the need to remain competitive has led to organizations embracing new strategies and approaches to work, such as remote working, flexible hours, and more collaborative working environments.
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How much did John make in wages in the 2014 tax year? (assuming this was John's only job) A.) $48,119.00 B.) $31,878.71 C.) $42,417.88 D.) I do not know
John receives $31,878.71 in pay during the 2014 tax year. The right answer is A.
What is total income for tax purposes?Your gross income from all sources less particular deductions like costs, allowances, and reliefs equals your total income. The income of your spouse or civil partner is included in your total income if you are married or in a civil partnership and are being assessed jointly.
Wages are the major factor maintaining rising living standards. Living expenditures are an important benchmark in collective bargaining over pay and are a consistent and major source of demand from employees for greater minimum salaries, particularly during inflationary periods.
Thus, option A is the best choice.
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What are 4 characteristics of a command economy?
The government regulates wages and prices, there are few property rights, important companies and industries are owned by the government, and there are active black markets are command economy.
What is command economy ?The central authority uses its power to determine what goods and services will be produced, how much will be produced, the prices of these goods and services, and how the goods and services will be distributed. In a command economy, the government decides what resources are available and how they are to be used. The government also decides the roles of individuals in the economy, including what jobs they have and what wages they will receive. In a command economy, the government owns and controls the means of production and makes decisions based on what it believes is best for the nation. This type of economy is often seen in socialist and communist countries, where the government has a great deal of control over the economy.
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Deborah must deny a request made by one of her employees. The most effective statement in a bad-news message denying this request would be
The line "Letters establish a record of what happened more convincingly than other communication methods" would be the most impactful in a bad-news message denying this request.
Which of the following suggestions is the best one to use when giving the reasons behind the terrible news?Which of the following suggestions is the best one to use when giving the reasons behind the terrible news? To emphasize your point, use phrases like "impossible," "regret," and "sadly." Cite reader or other advantages if they are tenable.
What is the statement that best describes making complaints online?Complainers may appear unreasonable in social media posts. Business letters continue to be an effective tool for promoting goods and services, increasing traffic to websites and stores, and improving relationships with clients.
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What are the positive environmental trends seen today? Many industries are taking measures to reduce the use of {Blank box} -depleting substances and are turning to {Blank box} energy sources though they may seem expensive.First box
Gold
Carbon dioxide
Ozone
One of the positive trends we are seeing in today's businesses is that industries are taking steps to reduce their use of Ozone-depleting substances and are turning to renewable energy sources.
What is Ozone depletion?When chlorine and bromine atoms come into contact with ozone molecules in the stratosphere, they destroy them. Before it is removed from the stratosphere, one chlorine atom can destroy over 100,000 ozone molecules. Ozone can be destroyed faster than it can be created.When chlorofluorocarbons (CFCs) and halons—gases previously found in aerosol spray cans and refrigerants—are released into the atmosphere, they deplete the ozone layer.Although there are several links between ozone depletion and climate change, ozone depletion is not a major cause of climate change. Atmospheric ozone has two effects on the Earth's temperature balance. It absorbs ultraviolet radiation from the sun, which heats the stratosphere.To learn more about Ozone depletion refer to :
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You are provided with the following information for Koetteritz Inc. for the month ended June 30, 2020. Koetteritz uses the periodic method for inventory. Date Description Quantity Unit Cost or Selling Price June 1 Beginning inventory 40 $40 June 4 Purchase 135 43 June 10 Sale 110 70 June 11 Sale return 15 70 June 18 Purchase 55 46 June 18 Purchase return 10 46 June 25 Sale 65 76 June 28 Purchase 35 50 Calculate cost per unit. (Round answer to 2 decimal places, e.g. 5.25.)
cost of goods sold Available for Sale
Date Description Quantity unit cost Amount
June 01 Beginning inventory 40 40 1600
June 04 Purchase 135 43 5805
June 18 Purchase 55 46 2530
June 18 Purchase return 10 46 460
June 20 Purchase 35 50 1750
Total 255 11225
weighted average cost per unit = [tex]\frac{Cost of goods Available for sale}{Units Available for sale}[/tex] = [tex]\frac{11225}{255} = 44.02[/tex]
Commercial enterprise facts are statistics that hold which means, value, or significance for your business. it'd consist of any reports, spreadsheets, metrics, regulatory reporting, web pages, files, dashboards, and so on that suit the definition of having which means, fee, or importance in your enterprise. Data is a group of records, and at the same time as facts place those records into context. whilst records are raw and unorganized, records are prepared.
The information enables heading off the duplication of research. facts stimulate the concept method of the users, specifically the scholars. the information allows scientists, engineers, pupils, and many others. to get properly knowledgeable about the present-day advancements of their subjects, and to keep them updated.
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Ossie enters a convenience store and points a gun at the clerk Pico. Ossie forces Pico to open the cash register and give him all the money. Ossie will most likely be charged with a.burglary.
b.robbery.
c.larceny.
d.receiving stolen property.
Ossie enters a convenience store and points a gun at the clerk Pico. Ossie forces Pico to open the cash register and give him all the money. Ossie will most likely be charged with a robbery.
Robbery is the crime of taking or attempting to take something of value by using force, the threat of force, or terror. Robbery is described by common law as stealing the property of another with the goal to permanently deprive the individual of that property via force or terror; that is, it is larceny or theft completed through an assault.
Burglary, commonly known as breaking and entering and occasionally housebreaking, is the act of unlawfully entering a building or other regions with the goal of committing a criminal offence. Typically, that offence involves theft, robbery, or murder, although most countries include additional offences under the umbrella of burglary.
Larceny is a crime that involves the illegal taking or theft of another person's or business's personal property. It was an offence under English common law, and it became an offence in countries that integrated English common law into their own law, where it is still in effect in many circumstances.
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Licensees can generally rely on the statements of the seller (such as in a Seller Disclosure Statement) unless the licensee has reason to believe the information is not true. (T/F)
Licensees can typically rely on the statements of the seller (such as in a Seller Disclosure Statement) unless the licensee has reason to consider the information is not true. This statement is true.
A licensee is some entity that has been granted permission to conduct activities using something that another party owns or controls. The licensee may pay the licensor for permission, or share revenue arising from activities arising from the permission. Licensing agreements are common in several sectors, including media, entertainment, technology, and bio-pharma. An operating license grants the license the legal capacity to conduct business.
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Which statement best describes the AICPA ethics rules relating to a member's failure to file his or her personal tax return in a timely manner?
The member is strongly encouraged to file his or her personal tax returns in a timely manner.
The failure to file a personal tax return in a timely manner must be disclosed to all clients and potential clients.
The failure to file a personal tax return in a timely manner is usually considered an act discreditable to the profession.
The member is not in violation of any ethics rules as long as the failure to file a personal tax return in a timely manner was due to a heavy workload.
The statement which best describes the AICPA ethics rules relating to a member's failure to file his or her personal tax return in a timely manner is that, the failure to file a personal tax return in a timely manner is usually considered as an act discreditable to the profession.
As per AICPA ethics rules, an advertisement therefore should not be misleading or false as a result of which people tend to get deceived and then they take decisions that end up unsatisfied. So, there are four sections of the AICPA Code of Professional Conduct.
However, there are the first section entails introductions, general advice, definitions, to the AICPA members. Thus, here a member must maintain the objectivity and also integrity, which shall be free of conflicts of the interest. So, the failure to file a personal tax return is not acceptable.
Hence, option C is correct.
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What is one disadvantage of a market economy?
A market economy has drawbacks, one of which is that it cannot satisfy everyone's fundamental requirements. Additionally, markets fall short in providing some highly valuable services like justice, education, and healthcare.
What is fundamental requirements?
Definition of requirements is both an art and a science. To uncover underlying business demands that could be addressed by a system solution, analysts must interact closely with clients and rely on both their technical and communication abilities. One of the biggest hazards is to "jump to a solution" without having a thorough understanding of the operational issues and core client requirements. By its very nature, requirements analysis is an exploratory and iterative process. Customers frequently struggle to express their true needs until they see what an IT team has already agreed to in earlier requirements cycles.
So, one disadvantage of a market economy is that it cannot satisfy everyone's fundamental requirements.
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Which of the following terms refers to features, functions, benefits, and uses of a product?
A. Core product
B. Good
C. Augmented product
D. Actual product
E. Attributes
Option A is correct. Core product refers to features, functions, benefits, and uses of a product.
What is product?A product is an item that satisfies a consumer's needs or wants. It can be tangible, such as a physical object, or intangible, such as a service or an idea. Products can be divided into two main categories: consumer products and industrial products. Consumer products are products that are purchased by individuals for personal use, such as food, clothing, and electronics. Industrial products are products that are purchased by businesses for use in the production of other goods or services, such as raw materials or machinery.
A product can be characterized by its features, benefits, and attributes. Features are the specific characteristics or technical specifications of a product, such as size, weight, or color. Benefits are the advantages or value that a product provides to the consumer, such as convenience, durability, or performance. Attributes are the more abstract or emotional characteristics of a product, such as brand, design, or image.
The product life cycle is the stages that a product goes through from its introduction to its withdrawal from the market. The stages include introduction, growth, maturity, and decline.
A product positioning is a marketing strategy that aims to make a product stand out in the minds of consumers when compared to similar products. This can be achieved by emphasizing unique features, targeting a specific market segment, or creating a strong brand image.
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How is each of the following events likely to shift the supply curve or the demand curve for fast- food hamburgers
The demand curve for fast- food hamburgers: An increase in the price of beef and A new health report linking fast-food hamburgers to an increased risk of heart disease.
What is demand curve?A demand curve is a graph showing the relationship between the price of a good or service and the quantity of it that consumers are willing to purchase. It shows the maximum price that consumers are willing to pay for each unit of a good or service. The demand curve is usually downward sloping, meaning that as the price of a good or service increases, the quantity of it that consumers are willing to purchase decreases.
1. An increase in the price of beef: This is likely to shift the supply curve for fast-food hamburgers to the left, as the higher cost of beef will make it more expensive for fast-food restaurants to produce hamburgers.
2. A new health report linking fast-food hamburgers to an increased risk of heart disease: This is likely to shift the demand curve for fast-food hamburgers to the left, as consumers may be less likely to purchase them due to the health risks associated with them.
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Dansko Integrated had Net Income for 2020 of $7,800,000. The firm invested $4,000,000 in manufacturing equipment during 2020. The equipment is being depreciated over five years using straight-line depreciation, starting in 2020. Assuming no other adjustments to cash flow than those mentioned here, create a statement of cash flows for 2020 with amounts in thousands. What is the Net Cash Flow in 2020
The Net Cash Flow in 2020 is $4,600,000.
The calculation to determine the Net Cash Flow in 2020
STATEMENT OF CASH FLOW
For the Year 2020
Cash flow from operating Activities:
Net Income $7,800,000
Add Depreciation Expense of $800,000
Net Cash provided by operating activities $8,600,000
($7,800,000+$800,000)
Cash flow from Investing activities:
Investment in Equipment ($4,000,000)
Net Cash used in Investing activities ($4,000,000)
Net Cash flow in 2020 $3,000,000
Depreciation under the Straight Line method = (Cost - Salvage Value)/Useful Life
Depreciation under Straight Line method= (4000000-0)/5
Depreciation under the Straight Line method= of 800,000
Therefore the Net Cash Flow in 2020 is $4,600,000.
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Which of the following variables will not be affected by monetary policy in the long run? There could be more than one answer
O employment
O real gdp
O price level
Monetary policy won't have a long-term impact on price level.
The process of formulating, declaring, and carrying out a plan of action by the central bank, currency board, or other appropriate monetary authority of a nation that regulates the amount of money in an economy and the avenues via which new money is provided constitutes monetary policy. In order to achieve macroeconomic goals including reining in inflation, consumption, growth, and liquidity, monetary policy entails managing the money supply and interest rates. These are accomplished by taking measures including altering the interest rate, purchasing or selling government bonds, controlling foreign exchange rates, and altering the amount of cash banks must have in reserve. This is how some people see the International Monetary Fund's function.
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It is important to behave with civility in the workplace because it Multiple select question. indicates concern for others. helps makes the other persons in an argument look bad. demonstrates good character. sometimes calms a volatile situation.
It is important to be polite in the workplace. It shows good character, sometimes calms down unstable situations, and shows concern for others.
Every homeowner knows that even a small leak in a pipe can cause major damage over time. Leaks aren't too devastating if caught early. Long-term neglect can lead to roof collapse.
Examples of egregious workplace misconduct that have made headlines in the newspapers may seem similar to bursting water pipes. However, they are usually the end result of invisible long-term damage caused by legal action. These examples of negative workplace behavior, such as rudeness and unfairness, are steadily destabilizing your business little by little.
Before you even formally enter HR, these behaviors are already distracting, demoralizing, and potentially increasing employee turnover.
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Which of the following represents the use of fiscal policy to achieve a fiscal stimulus?
A. Greater government expenditure or lower taxes.
B. Greater government expenditure or higher taxes.
C. Lower government expenditure or lower taxes.
D. Lower government expenditure or higher taxes.
A. Greater government expenditure or lower taxes represents the use of fiscal policy to achieve a fiscal stimulus.
Fiscal stimulus refers to the use of government spending and taxation policies to boost economic activity. In order to achieve a fiscal stimulus, governments can increase government expenditure, for example by investing in infrastructure projects or increasing transfer payments, or they can lower taxes, which would put more money in people's pockets and increase consumer spending. This can lead to an increase in demand for goods and services, which can stimulate economic activity. Options B, C and D are not fiscal stimulus policies, as they involve either increasing taxes or decreasing government expenditure which can have the opposite effect of decreasing economic activity.
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True or false: Minor acts of dishonesty and slight deviations from the truth are harmless and should be encouraged in business.
Which of the following is a function of elder care benefits offered by organizations?
A) direct financial assistance
B) tax exemptions on medical bills of the dependent elders
C) setting up elderly care facilities close to the workplace
D) information,referrals,and support
E) providing vouchers and discounts to help employees access the existing elderly care facilities
a function of elder care benefits offered by organizations is that they provide information, referrals, and support.
Information, referrals, and support are some of the elder care services these organizations offer.
In the elder care sector, there is a lot of information gatekeeping, making it difficult to access resources. She and her staff work as a conduit to that information for the benefit of the members.
Care Specialists often have two to four phone contacts with a member to discuss various subjects, which can span from hospitalisation to discharge from a rehab facility, because elder care needs can change so quickly. Additional calls are frequently required as circumstances alter, making this a long-term collaboration between the Care Specialist and the member.
Employees who are overwhelmed and attempting to figure out care choices for elderly family members find it difficult to concentrate at work, which is understandable. Giving your employees access to elder care resources, such as Care Specialists, can have a big influence on their life and increase their productivity while also bringing them much-needed peace of mind.
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When a new product is launched, should the company invest in the production process or in the product itself
The answer to this question depends on the type of product and the company's objectives. If the product is a new version of an existing product, it may be best to invest in the production process in order to ensure that the product meets the desired quality standards and is produced efficiently.
This could include investing in new machinery, training staff, or developing new production techniques. If the product is a completely new product, it may be best to invest in the product itself, such as research and development, marketing, or product design. Ultimately, the decision should be based on the company's overall objectives and the specific needs of the product.
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Which of the following is a correct statement of one of the capitalization criteria? a. The lease transfers ownership of the property to the lessor. b. The lease contains a purchase option. c. The lease term is equal to or more than 75% of the estimated economic life of the leased property d. The minimum lease yments (excluding executory costs) equal or exceed 90% of the fair value of the leased property.
The lease period is equal to or greater than 75% of the expected economic life of the leased property, which is option c.
What is economic life value?
The sum computed from one's yearly salary, the income one receives as they approach retirement, and other factors (savings, assets, etc.) (to determine the financial loss a family will experience in the case of a family member's death) is known as the economic worth of an individual life. The loss of a family's main source of income has an impact on the entire household's finances. A member, often the breadwinner, purchases insurance coverage based on the amount of money that would be lost in the event of their death in order to safeguard them from financial ruin.
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How can I raise my credit score 100 points overnight?
Unfortunately, it is not possible to raise your credit score 100 points overnight. Credit scores are based on a variety of factors, including payment history, credit utilization, and length of credit history. It takes time to build a good credit score, and it is not possible to make such a large.
What is Credit scores?A credit score is a number that reflects a person's creditworthiness. It is based on a person's credit history and is used by lenders to assess the likelihood that a person will repay their debt. Credit scores range from 300 to 850, with higher scores indicating a more favorable credit history. Good credit scores can help people qualify for loans, mortgages, and credit cards with better interest rates. Improving a credit score can take time, but it is possible to do by making regular payments, reducing debt, and keeping credit utilization low.
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Which of the following is NOT an element used to compute crash cost per period?
A. crash cost
B. optimistic time
C. standard time
D. crash time
Optimistic time is is not an element used to compute crash cost per period.
What is Optimistic time?
Optimistic time is a type of scheduling technique used in project management. It is the estimated time required to complete a task, based on the most favorable conditions. It is usually calculated by taking into account the most optimistic assumptions, such as perfect conditions, no delays, and no unforeseen obstacles. This type of estimation is used to set a realistic deadline for a project and to help manage expectations.
What is Crash cost ?
Crash cost is the increased cost associated with completing a project in a shorter period of time than originally planned. It typically involves additional staff, resources, and overtime to complete the project quickly.Crash cost is a common strategy for overcoming project delays, but it can also be used to meet aggressive project deadlines. The cost of crashing is usually much greater than the cost of completing the project on time, so it should be used judiciously.
Therfore the correct option B. optimistic time.
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AO Shipping wants to expand as soon as it can save $436 million. Towards that goal, the firm started saving three years ago and currently has $138.6 million saved. Starting today, the firm will add $690,000 a month to this savings account. The rate of return is 6.1 percent, compounded monthly. How long will it be from now before the company can expand
The maximum amount saved by the company from last three years would be $138.6 million and it can save $436 million if it expands from now and adds $690,000 per month from now with 6.1 rate of interest.
This is calculated by using the formula for the present value of an annuity, which takes into account the future savings in maintenance costs, as well as the interest rate of the investment. let's take.
PV = (Annual Savings) / (Discount Rate) + (Annual Savings / (1 + Discount Rate) ^n)
Where:
Current savings,
PV = $38.2 million = $38,200,000Monthly savings,
PMT = $15,000
The rate of return = 7.1 percent.
therefore, it is 7.1 percent.
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otal estimated variable Manufacturing Overhead / Total estimated amount of the allocation base is the calculation to compute the ________.
To get the variable manufacturing overhead rate, add up the whole expected amount of the allocation basis.
What formula is used to determine the variable manufacturing overhead rate?Divide the total manufacturing overhead by the number of units produced to determine how much it costs to produce one item. When 10,000 pieces are manufactured, the total manufacturing overhead of $50,000 is $5.
What factors go into calculating the variable overhead rate variance?The difference between the actual number of hours of direct labor used and the standard number of hours of direct labor allowed (as budgeted) is multiplied by the standard variable overhead rate to determine the variable overhead efficiency variance.
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