Valera corporation makes a product with the following standards for labor and variable overhead
standard quality standard price standard cost
or hours or rates per unit
direct labor 0.4 hours $21.00 per hour $8.40
variable overhead 0.4 hours $ 6.00 per hour $2.40

the company budgeted for production of 5,300 units in july, but actual production was 5,400 units. the hour. the company used 2130 drect labor-hours to produce this output. the actual varlabie ovesthead rate was 56 per hour. the company applies varsable overhead on the basis of direct labor-hours.
the variable overhead rate variance for july
a. $213 f
b. $216 u
c. $216 f
d. 213 u

Licensing is perhaps the easiest method of entering into international trade. another method of entering international trade, which can be relatively low risk, is which opens several levels of involvement to company

Corporations with suppliers, vendors, and customers all over the globe are referred to as : a) global corporations b) international corporations c) multinational corporations d) multicultural corporations

Suppose that a worker in agland can produce either 10 units of organic grain or 2 units of incense per year, and a worker in zenland can produce either 5 units of organic grain or 15 units of incense per year. there are 20 workers in agland and 10 workers in zenland. currently the two countries do not trade. agland produces and consumes 100 units of grain and 20 units of incense per year. zenland produces and consumes 50 units of grain and no incense per year. if each country made the decision to specialize in producing the good in which it has a comparative advantage, then the combined yearly output of the two countries would increase by a. 30 units of grain and 100 units of incense. b. 30 units of grain and 150 units of incense. c. 50 units of grain and 90 units of incense. d. 50 units of grain and 130 units of ince