Variable Overhead Variances Smith Tax Company considers 6,000 direct labor hours or 300 tax

returns its normal monthly capacity. Its standard variable overhead rate is $50 per direct labor hour.

During the current month, $250,400 of variable overhead cost was incurred in working 5,500 direct

labor hours to prepare 270 tax returns. Determine the following variances, and indicate whether each

is favorable or unfavorable:
a. Variable overhead spending
b. Variable overhead efficiency

Which of the following explains why the government sets a required reserve ratio for private banks? a. to allow the government to control the interest rate charged on loans. b. to prevent banks from printing too much money and causing inflation. c. to make sure banks don't run out of money when customers make withdrawals. d. to enable the regulation of risk levels in the decision process of offering loans. 2b2t

Afreelance​ singer-songwriter is planning the restoration of a recently purchased civil​ war-era farmhouse. while he professes an enjoyment​ of, and talent in the construction​ trades, the theory of comparative advantage implies that a. the value of what he imports​ (in this​ case, professional contractor​ services) must equal the value of what he exports​ (songs). b. he should concentrate on the restoration work since his​ out-of-pocket costs will be much lower than if he hires professionals. c. ​self-sufficiency is​ advantageous, hence he should split his time between music and construction. d. the income lost while away from music will likely exceed the savings realized by doing the work​ himself, thus, he should hire professionals to do the restoration work. e. he ought to do as much of the work himself as possible since imports​ (in this​ case, professional contractor​ services) should always be restricted to those things that cannot be done internall

If the family’s net monthly income is 7,800 what percent of the income is spent on food clothing and housing?