In the formula Y = a + b X, X represents the estimated total amount of the allocation base.
What is total amount of allocation base?
Cost accounting assigns overhead expenses using an allocation base. A quantity, such as the number of machine hours utilized, kWh consumed, or occupied square footage, might serve as an allocation base.
What are overhead expenses?
Rent, insurance, and utility charges are examples of overhead expenditures that go into running a business. Operating costs are necessary for the firm to function and cannot be avoided. Regular reviews of overhead costs are necessary to improve profitability.
What is cost accounting?
Assigning costs to cost items, which often comprise a corporation's goods, services, and other activities involving the company, is the process of cost accounting. Cost accounting is beneficial since it can show a company where its money is going, how much it makes, and where it is losing money.
Learn more about cost accounting: brainly.com/question/14758675
#SPJ4
The answer is option "d", all of the above.
<span>Discretionary fiscal policy
</span><span>a. may reassure investors and consumers that the federal government will be able to avert a major economic downturn.
b. is not very effective in influencing real GDP during normal times because of time lags.
c. can be very effective in influencing real GDP during abnormal times, such as when a nation is at war.
</span>We can define discretionary fiscal policy as when there is a change in government expenditures or taxes to gain national economic goals.
Answer:
The correct answer is option A.
Explanation:
The dynamic model of aggregate supply and aggregate demand shows that if an economy the total spending in the economy increases faster than total production, there will be a shortage. This shortage will cause the price level to increase and will ultimately lead to inflation.
When the increase in aggregate demand is greater than the increase in aggregate supply, it will create a shortage in the economy. The demand for goods and services will be more than the supply of goods and services. This will cause the price level to increase.
Answer and Explanation:
The journal entry to record the federal income tax expense is shown below:
Federal income tax expense ($10,000 - $4,000) $6,000
To Federal income tax payable $6,000
(being the federal income tax expense is recorded)
Here the federal income tax expense is debited as it increased the expense and credited the federal income tax payable as it increased the liabilities
