Answer:
A. The household purchase of a new refrigerator will directly lead to an increase in the consumption component of the Gross Domestic Product (GDP). Therefore, the GDP will increase by the amount of refrigerator purchased
Answer:
The actual price = $1.08
Explanation:
The standard material price can be worked out as follows:
<em>Step 1: Work out the standard price of material using the material usage variance</em>
Standard price = Material usage variance/(standard quantity of material - actual quantity)
Standard quantity of material = standard qty per unit × actual production
= 4 × 17,000 =68,000
Standard price = 2,800/(68,000-64,000)= $0.7
<em>Step 2 : Work out the Actual material price using the material price variance</em>
Material price variance = (Standard price - Actual price )× Actual quantity of material
6,400 = (y - 0.7) × 17,000
6400 = 17,000y - 11,900
17,000 y = 6,400 + 11,900
y = 18,300/17,000= 1.08
The actual price = $1.08
Answer:
Beta Testing Process
Explanation:
Based on the information provided within the question it can be said that firms such as YouEye are automating the Beta testing process. This is the process in which a firm provides an unfinished version of the product they are working on to real customers in order for those customers to provide their feedback on the product. Which by being able to use customers already owned webcams to both test their software and receive video feedback, they are automating the beta testing process.
Answer:
$7,000
Explanation:
For the purchase of office supplies, the entries required are
Debit Office supplies account
Credit cash/accounts payable
When supplies are used up, the entries required are
Debit Supplies expense account
Credit Office supplies account
As such where the Office Supplies account has a debit balance of $9,000 on the Unadjusted Trial Balance. In the Adjustments there is a credit of $2,000.
The balance in the office supplies account after adjustments
= $9,000 - $2,000
= $7,000
Answer:
$10,400
Explanation:
he cost of the cost sold is the total cost sold in a particular year. the cost of goods sold COGS is calculated using the formula
COGS = opening stock + purchases(total manufacturing costs) - closing stock.
In the case, the opening stock is 0
closing stock 11,00 units
cost of good sold = $3800
average cost per unit = $6
Cost = $3800
cost of closing stock = 1,100 x $6 = $6,600
Therefore: $3,800= 0 +TMC - $6600
Total manufacturing cost = $3800 + $6600
=$10,400