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Question - PAUL Corp produces electric goods, including television and computers. The following data relates to the direct labor costs of production of 3,000 computers during September: Actual direct labor costs incurred $14,685; Standard direct labor cost allowed for actual units manufactured $12,375; Direct labor efficiency variance $3,300 adverse The actual direct labor rate was $2 per hour lower than the budgeted direct labor rate. Find the actual amount of direct labor time (per hour per unit) used to manufacture 1 television in September?
A) .165
B) .385
C) .55
D) 1.1
E) .935
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
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