Lucky Company's direct labor information for the month of February is as follows: Actual direct labor hours worked (AQ) 67,500 Standard direct labor hours allowed (SQ) 72,000 Total payroll for direct labor $ 1,080,000 Direct labor efficiency variance $ 66,600 The direct labor rate variance for February (rounded to the nearest dollar) was:

Atrough in the business cycle occurs when

Even sole proprietors should have at least how many computers? 1 2 3 4

6. why the aggregate supply curve slopes upward in the short run in the short run, the quantity of output that firms supply can deviate from the natural level of output if the actual price level in the economy deviates from the expected price level. several theories explain how this might happen. for example, the misperceptions theory asserts that changes in the price level can temporarily mislead firms about what is happening to their output prices. consider a soybean farmer who expects a price level of 100 in the coming year. if the actual price level turns out to be 90, soybean prices will , and if the farmer mistakenly assumes that the price of soybeans declined relative to other prices of goods and services, she will respond by the quantity of soybeans supplied. if other producers in this economy mistake changes in the price level for changes in their relative prices, the unexpected decrease in the price level causes the quantity of output supplied to the natural level of output in the short run.