Answer:
The correct answer is B: the jobs produced during the period have been under-costed
Explanation:
Giving the following information:
If manufacturing overhead has been under-allocated during the period, then which of the following is true?
(a) the jobs produced during the period have been over-costed
(b) the jobs produced during the period have been under-costed
(c) the jobs produced during the period have been costed correctly
(d) none of the above
When manufacturing overhead has been under-allocated means that the actual costs incurred where superior that the estimated cost for the period.
Answer:
The marginal propensity to save (MPS) is the portion of each extra dollar of a household's income that's saved. MPC is the portion of each extra dollar of a household's income that is consumed or spent. Consumer behavior concerning saving or spending has a very significant impact on the economy as a whole.
Multiplier Effect
for every dollar the government spends, it will create a greater than one dollar change in GDP
Spending Multiplier
1 / 1-MPC or 1 / MPS; increase in spending .: + multiplier; decrease in spending .: - multiplier
Deficit spending is the amount by which spending exceeds revenue over a particular period of time, also called simply deficit.
Crowding out in businesses an economic concept that describes a situation where personal consumption of goods and services and investments by business are reduced because of increases in government spending and deficit financing sucking up available financial resources and raising interest rates.
Explanation: Marginal Propensity to Consume
the fraction of any change in disposable income that is consumed; MPC = change in C / change in DI
Marginal Propensity to Save
the fraction of any change in disposable income that is saved; MPS = change is S / change in DI
Answer: Option A
Explanation: In simple words, critical thinking refers to the process under which an individual or an entity analyse and evaluate their objectives with the intent of forming a judgement for then purpose.
In the given case, joey has a wide variety of alternatives to choose to how to perform then task and the supervisor will form judgement about his work on the basis of the choices he made for the work assigned.
Answer:
Particulars Amount
Beginning inventory, September 1, 2013 $18,870
Purchase $
224,790
Less: Purchase return and allowance <em><u>$
5,430</u></em>
Net purchase $
219,360
Add: Freight in $9,780
Cost of goods purchased <u>$229,140</u>
Cost of goods available for sale $248,010
Less: Inventory August 31,2014 <u>$20,100</u>
Cost of goods sold <u>$227,910</u>
Answer:
The mark up percentage on total cost is 13%.
Explanation:
Mark up percentage on total cost refers to the profit as a percentage of the total cost.
Therefore, the mark up percentage on total cost can be calculated using the following formula:
Mark up percentage on total cost = (Desired profit / Total cost) * 100 ......... (1)
Where;
Desired profit = $143
Total cost = $1,100
Substituting the values into equation (1), we have:
Mark up percentage on total cost = ($143 / $1,100) * 100 = 0.13 * 100 = 13%
Therefore, the mark up percentage on total cost is 13%.
