Price Level Aggregate Demand Aggregate Supply 100 10,000 4,000 200 9,000 5,000 300 8,000 5,000 400 7,000 7,000 500 6,000 8,500 6
vovangra [49]
Answer:
7000
Explanation:
Generally, we can say a system is at equilibrium when the quantity of goods demanded is the same as the quantity of goods supplied. Therefore, for the given economic system, the equilibrium condition is when the aggregate demand (7000) is equivalent to the aggregate supply (7000) when the price level is 400. Thus, the value of the equilibrium output is 7000.
Essay writing is given to students in order to test their writing and reading skills.
<h3>How to write an essay?</h3>
Based on the information given, the way to write the essay will be given. Firstly, it's important to decide on your topic. In this case, it is an essay analyzing the STEEPLE Module.
Research should be done on the topic and create an essay outline. STEEPLE stands for social, technological, economic, environmental, political, legal, and ethical. Set your argument in the introduction and develop it with evidence.
Finally, check the content, grammar, formatting, and spelling of your essay.
Learn more about essays on:
brainly.com/question/24799048
Answer:
Budgeted manufacturing overhead rate in the machining department is $49.00 per machine hour. In the finishing department is $52.78 per direct labor hour.
Explanation:
<em>Budgeted manufacturing overhead rate = Budgeted Overheads ÷ Budgeted Activity</em>
Note that ;
1. Machining department has machine- hours as the allocation base.
2.Finishing department has direct manufacturing labor costs as the allocation base
Therefore,
Budgeted manufacturing overhead rate (Machining department) = $9,065,000 ÷ 185,000 = $49.00 per machine hour
Budgeted manufacturing overhead rate (Finishing department) = $8,181,000 ÷ 155,000 = $52.78 per direct labor hour
Conclusion
Budgeted manufacturing overhead rate in the machining department is $49.00 per machine hour. In the finishing department is $52.78 per direct labor hour.
Answer:
Dividend = $2.34
Explanation:
Purchase Price = $55.20
Loss on stock = 18.63% of $55.20 = $10.28
Capital Loss = $12.62
Dividend = Capital Loss - Total Loss
Dividend = $12.62 - $10.28
Dividend = $2.34
Answer:
The entry to record the transfer of materials from the storeroom is
Debit Work in process $ 36,000
Debit Factory overhead control $ 6,000
Credit Material Account $ 42,000
The material is accounted in material stock account when purchase. Latter if material is used directly it is taken in work in process account. Indirect material is accounted in FOH account.
