Which of the following best illustrates the mutual interdependence among firms in the airline industry?

the considerable efforts made by the various competitors to coordinate fare increases.

the unwillingness of individual firms to match increased amenities offered by other firms.

the substantial profits airlines have earned over the past several years.

the virtual absence of control over costs by any of the firms operating in the industry.

Explain the relationship between consumers and producers in economic growth and activity

Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget.the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead.a total of 119,300 units, using 478,000 direct labor hours, were produced during the year.actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.

Job applications give employers uniform information for all employees,making it easier to