Answer:
a.
i. $6
ii. $8
b.
i. $600,000
ii. $800,000
Explanation:
a. Standard Cost is the cost which is stated or described as the amount which is per unit.
i. For materials
Standard Cost = Expected amount to be spend on materials / Units
= $600,000 / 100,000
= $6
ii. For labor
Standard Cost = Expected amount to be spend on labor / Units
= $800,000 / 100,000
= $8
b. Budgeted cost are those costs which are stated as the total or aggregate amount.
i. For total material cost
Budgeted cost for the year = Expected or total cost spend on materials
= $600,000
ii. For total labor cost
Budgeted cost for the year = Expected or total cost spend on labor
= $800,000
Answer:
A strong exchange rate
Explanation:
strong exchange rate is often considered to be a sign of economic strength. It can become a symbol of national pride. Often politicians are worried if they see a ‘weakening’ in the exchange rate. They will point to a strong exchange rate as a symbol of economic success. In the long-term, a strong (appreciating) exchange rate tends to occur in countries with low inflation, improving competitiveness and a strong economic performance. For example, Japan and Germany saw a sustained rise in their exchange rates in the post-war period because they had a good economic performance. Often a devaluation (fall in the value of the exchange rate) can cause a boost to economic growth. A lower exchange rate makes exports cheaper and increases demand for UK goods. This can provide additional demand which increases economic growth. A devaluation may cause inflation:
But, if demand for exports and imports is relatively elastic and there is some spare capacity in the economy, then there should be an increase in economic growth. Exchange rates are determined by factors, such as interest rates, confidence, the current account on balance of payments, economic growth and relative inflation rates. In general terms, a weaker currency will stimulate exports and make imports more expensive, thereby decreasing a nation’s trade deficit (or increasing surplus) over time.
Comdominance isnt a word. Assuming you mean
Codominance which is a relationship between two versions of a gene. They are called allele; one given from each parent
Answer:
a. The product must be sold
Explanation:
Total revenue and total expenses are recorded in the income statement.
If the total income exceeds than the total expenditure then the company earns net income And if the total income is less than the total expenditure then the company has a net loss.
The product includes direct material cost, direct labor cost ,and the manufacturing overhead cost. If the product cost is not sold then it is shown in the asset side of the balance sheet as an inventory
And, if the product is sold, the same is subtracted from the cost of goods sold and shown in the income statement