Mozambique Industries uses two different types of labor to manufacture its product. The types of labor, Cutting and Setup, have the following standards:
During September, the following actual production information was provided:
Required:
Calculate the labor mix and yield variances.
Definitions:
Patentable
Qualifies for intellectual property protection because it is new, useful, and non-obvious.
Expected-rate-of-return
The anticipated return on an investment, calculated based on historical data, market trends, or other analytical methods.
Optimal R&D
The most efficient level of investment in research and development activities that maximizes an organization's profitability or achieves other desired outcomes.
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