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2 years ago

If demand shifts to the right when income increases, we can conclude that the good is:_____

Business

1 answer:

11111nata11111 [884]2 years ago

7 0

Answer:

A normal good

Explanation:

Normal goods are goods that are demanded as income level rises. With a higher income level, a rational consumer is expected to have more purchasing power and demand more of a good that is considered normal (hence the name).

Goods that are demanded less as income rises are termed inferior goods. They are the direct opposite of normal goods.

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Schneider, Inc., had the following information relating to Year 1: Budgeted factory overhead: $74,800 Actual factory overhead: $

astraxan [27]

Answer:

The actual direct labor hours are 45,000.

The overhead rate for Year 2 is $1.74.

Explanation:

Compute the actual direct labor hours:

$\begin{aligned}\text{Actual direct labor hours}&=\dfrac{\text{Applied overheads}}{\text{Overhead rate}}\\&=\dfrac{\$76,500}{1.7}\\&=45,000\end{aligned}$

Therefore, the actual direct labor hours are 45,000.

Compute the overhead rate for Year 2:

$\begin{aligned}\text{Overhead rate}&=\dfrac{\text{Actual overheads}}{\text{Actual direct labor hours}}\\&=\dfrac{\$78,300}{45,000}\\&=1.74\end{aligned}$

Therefore, the overhead rate for Year 2 is $1.74.

Working note:

Calculate the overhead rate for Year 1:

$\begin{aligned}\text{Overhead rate}&=\dfrac{\text{Budgeted overheads}}{\text{Estimated direct labor hours}}\\&=\dfrac{\$74,800}{44,000}\\&=1.7\end{aligned}$

7 0

2 years ago

What is an example of a consumer good that you could also use as an industrial good to start a business?

Karolina [17]

Answer:

lets say the Sugar

Explanation:

Sugar is a consumable good as u can use to make tea, it also can be used in the production of many industrial goods eg beverage, brewery, etc

6 0

2 years ago

Best products, an Atlanta based company, is in the midst of its budgeting process. It has already prepared its direct materials

zubka84 [21]

Answer:

The target direct materials ending inventory is the correct answer.

Explanation:

8 0

2 years ago

Arthur is a tax preparer doing business as a sole proprietor. Under what circumstances could he receive a pass-through deduction

mestny [16]

It should be noted that the condition where he'll get a pass-through deduction is that he has a taxable income.

A pass-through deduction refers to a business that isn't subject to corporate income tax. Rather, such a business is taxed at individual income tax rates.

From the information given, the condition where Arthur will get a pass-through deduction is that he has a taxable income. Also, the deduction cannot be more than 20% of the taxable income.

Learn more about taxes on:

brainly.com/question/9437038

4 0

2 years ago

Jared eagerly agreed to edit the employee handbook but procrastinated until the evening before he was to submit his work. Then h

german

Answer: energy

Explanation: In simple words, energy refers to the strength and vitality that must be present to initiate and complete a mental and physical activity. Energy drives the force that leads to changes in variables.

In the given case, Jared initiated the project but lacked vitality off continuing and completing it due to lack of focus and happening of errors. Thus, we can conclude that he lacked energy.

4 0

3 years ago