Answer:
$32.00
Explanation:
Product cost under Absorption costing comprises of all manufacturing costs (variable and fixed). Non manufacturing costs are treated as Period costs
<u>Product Cost Calculation</u>
Direct materials $ 11
Direct labor $5
Variable manufacturing overhead $5
Fixed manufacturing overhead per year ($110,000/ 11,000) $10
Total $31
Conclusion
The unit product cost under absorption costing is closest to $31.00
Answer:
1,700 units
Explanation:
The computation of the total of equivalent units of production using the weighted-average method is shown below:
= Number of units completed and transferred + ending work in progress equivalent units
= 1,200 units + 500 units
= 1,700 units
We simply added the completed & transferred units and ending work in progress equivalent units.
All other information which is given is not relevant. Hence, ignored it
When a plant can produce more with the same amount of inputs, this is an increased in efficiency.
If Congress passed a tax increase at the request of the president to reduce the budget deficit, but the Fed held the money supply constant, then the two policies together would generally lead to lower income and a lower interest rate.
<h3>What is
budget deficit?</h3>
When ongoing expenses are higher than regular operating revenue, a budget deficit results. Budget deficits may result from specific unforeseen circumstances and initiatives. Tax increases and spending reductions are two ways that nations might deal with budget problems.
Inflation, or the ongoing rise in prices, is one of the main threats posed by a budget deficit. A budget deficit in the US may lead to the Federal Reserve releasing more money into the economy, which fuels inflation. Year after year, ongoing budget deficits may result in inflationary monetary policy.
The relationship between deficits and interest rates is more clearly demonstrated when the deficits are used to fund government spending than by tax reductions. If tax cut recipients save part of the money they receive from the tax cut, the impact of the tax cut on interest rates should be minimized.
To know more about budget deficits refer to: brainly.com/question/14181631
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Answer:
the answer of the question is true