Answer:
When an economy produces at full employment, but consumers, government, there is a recessionary gap - Option B.
Explanation:
According to the Keynesian perspective, firms produce output only if they expect it to sell.
While the availability of the factors of production determines a nation’s potential gross domestic product (GDP), the amount of goods and services actually being sold, known as real GDP depends on how much demand exists across the economy.
Keynes termed a fall in the aggregate demand as a recessionary gap.
A recessionary gap refers to an economy operating at a level below its full-employment equilibrium. Under this condition, the level of real gross domestic product (GDP) is lower than the level of full employment, which puts downward pressure on prices in the long run.
Thus, when an economy produces at full employment, but consumers, government, there is a recessionary gap - Option B.
<span> Manufacturing overhead describes the difference between manufacturing overhead cost applied to work in process and manufacturing overhead cost actually incurred during a period.</span>
Over-applied manufacturing overhead would result if the manufacturing overhead cost applied to work in process is more than the manufacturing overhead cost actually incurred during a period. So, in over-applied overhead the applied overhead is bigger than the actual overhead.
Answer:
A) True
Explanation:
The net revenues of any company is calculated using the following formula:
Net revenues=Gross revenues-sales discount-sales returns-allowances
=$100,000-$3,000-$4,000-$2,000
=$91,000
Based on the above discussion, the answer is A) True
Answer:
$240,000
Explanation:
cost of direct materials used = beginning materials (September 1 inventory) + purchases - ending materials (September 30 inventory) = $140,000 + $210,000 - $110,000 = $240,000
Direct materials are the raw materials, parts, components and supplies directly consumed during the manufacturing process.