Silicon Inc. has provided the following information for the year ended December 31, Year 1. Master Budget Actual Costs 5,000 units 4,500 unitsDirect materials$35,000 $32,500 Direct labor 15,000 12,500 Variable manufacturing overhead 8,000 7,800 Fixed manufacturing overhead 16,000 17,500 Total manufacturing cost$74,000 $70,300 Knowledge Check 01What is the direct materials spending variance

On analyzing her company’s goods transport route, simone found that they could reduce transport costs by a quarter if they merged different transport routes. what role (job) does simone play at her company? simone is at her company.

How much of your paycheck do you have immediate access to once you deposit it into your bank account a. all of it b. a portion of it c. none of it

Brian has just finished college. he wants to set up a small business to make and sell fireworks. he registers his company and acquires a license from the government. he finds that most of his competitors are selling fireworks at an extremely low price. he would like to make more money, so he decides to innovate and develop better fireworks. he sells his fireworks at a higher price, and they are a huge hit with the customers. after a few years, he earns enough profit to set up a bigger fireworks factory that complies with the government’s health and safety regulations. he even starts exporting fireworks overseas. which type of economy does this scenario describe?