Answer:
$96,000
Explanation:
The computation of the overhead amount assigned to Product A1 each year is shown below:
= Overhead cost incurred per year ÷ number of hours worked by machine department × machine hours at Product A1
= $480,000 ÷ 5,000 hours × 1,000 hours
= $96,000
We simply applied the above formula so that the overhead cost assigned could come
Answer:
0.2
Explanation:
Data provided in the question
Marginal propensity to consume (MPC) = 0.80
Based on the given information, the marginal propensity to save is
As we know that
Marginal propensity to consume (MPC) + Marginal propensity to save (MPS) = 1
where,
Marginal propensity to consume (MPC) is 0.8
So, the marginal propensity to save is
= 1 - 0.8
= 0.2
Answer:
$65,000
Explanation:
Computation of the given data are as follows:
Direct material cost = Beginning balance + Purchase - Ending balance
Where, Beginning balance = $37,000
Purchase = $57,000
Ending balance = $29,000
So, by putting the value in the formula, we get
Direct material cost = $37,000 + $57,000 - $29,000
= $65,000
Answer:
a. the buyer’s consumer surplus for that good is maximized.
Explanation:
The consumer will purchase up to the moment at whose preference price matches the market price.
Because of the diminished return theory, the following unit (k+1) will have a lower benefit to the consumer thus, it will have purchased only if the price is lower. Therefore, it will not purchase as the market price is the same as the previous unit but the consumer benefit is lower.
Answer:
$6618 annual payment
Explanation:
Employer's annual contribution = $1500 until trust fund distribution
trust fund distribution = $25000
years to trust fund distribution = 20 years
To calculate the amount she must deposit to make up the amount ( future required amount ) she will pay the difference between the required value and the contribution from her employer + trust fund distribution
future value = 1500 FVIFA(8%,30) + 2500 FVIFA( 8%,10)
= 169924( 1500*113.28) + 53973 = 223897
therefore the required total of what she should deposit = 973633 - 223897 = 749735
the amount she must deposit annually is calculated as
749735 ( total payment ) = annuity * FVIFA(8%,30 )
ANNUITY = 749735 / 113.28
= $6618
NOTE : FVIFA (8%,30) and FVIFA( 8%,10) values are gotten from the FVIFA table
