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3 years ago

____________ is a period during which real gdp declines for two quarters in a row

Business

1 answer:

Troyanec [42]3 years ago

3 0

Answer:

Recession

Explanation:

A period during which real GDP declines for two quarters in a row, or six consecutive months.

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Moody Corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the be

Andre45 [30]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Machine-hours required to support estimated production 155,000

Fixed manufacturing overhead cost $ 653,000

Variable manufacturing overhead cost per machine hour $ 4.70

First, we need to calculate the predetermined overhead rate.

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (653,000/155,000) + 4.7

Predetermined manufacturing overhead rate= $8.91 per machine hour

Job 400:

Direct materials $ 390

Direct labor cost $ 220

Machine-hours used 37

To allocate overhead, we need to use the following formula:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 8.91*37= $329.67

Now, we can calculate the total cost and unitary cost:

Total cost= 390 + 220 + 329.67= 939.67

Unitary cost= 939.67/60= $15.66

Finally, the selling price for Job 400:

Selling price0 939.67*1.2= $1,127.6

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3 years ago

On April 1st, Bob the Builder entered into a contract of one-month duration to build a barn for Nolan. Bob is guaranteed to rece

hichkok12 [17]

Answer:

a) What is the expected transaction price with variable consideration estimated as the expected value?

original cost $5,800 if job is finished in one month (15% probability)
bonus price for finishing 2 weeks earlier $5,800 x 1.25 = $7,250 (25% probability)
bonus price for finishing 1 week earlier $5,800 x 1.15 = $6,670 (60% probability)

expected transaction price = ($5,800 x 15%) + ($7,250 x 25%) + ($6,670 x 60%) = $6,684.50

b) What is the expected transaction price with variable consideration as the most likely amount?

$6,670, since it has a 60% probability

3 0

4 years ago

A scope limitation sufficient to preclude an unqualified opinion always will result when management:__________

vovikov84 [41]

Answer:

The answer is D.

Explanation:

A scope limitation in audit means circumstances hindering an auditor from carrying out his duties according to the audit procedure. A scope limitation can make an auditor issue a qualified opinion or a disclaimer of opinion depending on the materiality of the issue.

Back to the question, a scope limitation sufficient to preclude an unqualified opinion always will result when management refuses to provide a representation letter acknowledging its responsibility for the fair presentation of the financial statements in conformity with General Accepted Accounting Principle (GAAP)

4 0

3 years ago

When organizing your report, what should you remember? check all that apply. identify the topic of the report in the closing. fo

navik [9.2K]

I would check all of those because they are all important. You need to stay clear by identifying the topic, to keep readers interested by finding things they enjoy, summarizing always leaves a clear thought in their heads, organizing and sequencing is important so that it’s easy to follow.

5 0

4 years ago

explain how Adam Smith describes the market economy and role of consumers , producers , workers, savers ( investors) , and borro

astraxan [27]

Answer:

As described below.

Explanation:

As explained by Adam smith a market economy in his wealth of nations. Which is an interplay of the supply and demand, where the role of the customer's producers and the worker's investors and the borrows all follow the economic system and the market as an invisible hand, that comes from the producers and he consumers interact indirectly and directly

As the consumer and producers engage in commercial production thus the idea of a free-market took place. The government interferes with the services where unwanted shortages and the surplus tends to occur.

The free markets to regulate themselves by means of competition, among the workers and the borrowers.

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3 years ago