Answer:
Correct answer is a.$13,500.
Explanation:
To calculate work in process ending inventory we will add opening balance of work in process to all cost transferred to work in process during the period. The cost of good manufactured is subtracted from it. Cost of good manufactured become part of finished good inventory. Detail calculation is given below.
WIP opening balance $ 11,000
Direct Material $ 27,000
Direct Labour $ 25,000
FOH $ 18,750 (75%* 25,000)
Cost of goods manufactured ($68,250)
WIP ending balance $ 13,500
Answer:
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Cause: human capital investment, physical capital investment
Effects: improvement in living standards, social and community development
<h3>What does Economic growth indicate?</h3>
Economic growth rates indicate how quickly the economy is expanding and are calculated by comparing the economic output (measured as the Gross Domestic Product or GDP) of two successive periods.
<h3>What are the effects of Economic growth?</h3>
- A greater variety of goods and services are now available and ready for consumption in the country.
- High employment levels are required because workers are required to manufacture such a large quantity of goods and services. Employment figures have risen in tandem with GDP growth.
- More employment boosts aggregate demand and generates additional growth as businesses continue to try to meet all demand.
- As demand rises, prices are likely to rise as well, so economic growth would raise the inflation rate.
- Increased productivity and the adoption of new technologies ma
To learn more about Gross Domestic Product or GDP from the given link
brainly.com/question/3200071
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Technology will replace the workers and the new equilibrium will be at N2'.
Answer: Option 3.
<u>Explanation:</u>
Equilibrium in a perfectly competitive labor market happens when the supply of labor is equal to the demand of labor. As market compensation decline beneath the harmony rate, the interest for work is more noteworthy than the stock, making a deficiency of laborers.
The labor market is in balance when supply approaches request; E* laborers are utilized at a compensation of w*. In harmony, all people who are searching for work at the going compensation can get a new line of work. The triangle P gives the maker excess; the triangle Q gives the specialist overflow.
Answer:
The amount of overhead Lowden Company should record in the current period is $124,740
Explanation:
Overhead application = 162%
Material cots = $77,000
Labor cost = $63,000
As allocated overhead based on direct material cost
Current period Overhead = $77,000 x 162%
Current period Overhead = $77,000 x 1.62
Current period Overhead = $124,740
So, the amount of overhead Lowden Company should record in the current period is $124,740
