Answer:
COGS 3807 debit
FG 7896 debit
WIP 2397 debit
Factory Overhead 14,100 credit
--to record the underapplication of overhead--
Explanation:
overhead rate:
$515,000 overhead / 515,000 labor cost = $1
each labor cost generates a dollar of overhead.
221,400 x 1 = 221,400 overhead in COGS
459,200 x 1 = 459,200 overhead in Finished Goods
139,400 x 1 = 139,400 overhead in WIP inventory
Total applied 820,000
Actual 805,900
Underapplied 14,100
Now we weight each concept and determiante the portion underapplocated in each concept
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Dummy or indicator variables typically are values of zero or one and are used to model the effects of different levels of qualitative variables. A qualitative variable, also referred to as a category variable, is a non-numerical variable. It describes information that can be categorized.
Examples include: Eye color (variables include: blue, green, brown, hazel). Qualitative variables, also referred to as category variables, are variables without a built-in notion of hierarchy. As a result, they are quantified using a numerical scale. A qualitative variable is, for example, hair color (Black, Brown, Gray, Red, Yellow). Numerical variables are the subject of quantitative data.
To learn more about qualitative variables, click here.
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The economy must increase inputs.
<h3>
The production possibility curve, what is it?</h3>
A limited number of goods and services can be produced by factors of production in an economy. A production possibilities curve illustrates the many combinations of goods and services that a nation's economy is capable of creating. It serves as an illustration for the model of production possibilities. We will assume that the economy can only generate two types of commodities, that the quantities of its accessible technologies are fixed, and that it can only manufacture two types of goods at once when plotting the production possibilities curve.
As a result, increasing inputs is necessary for an economy to enhance its production potential.
For more information on <u>Production Possibility </u>Curve, refer to the following:
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Answer:
A reduction in the volatility of the dollar is one of the consequences that would have a reduction of rates
Explanation:
The drop in interest rates of the main banks worldwide is one of the effects of the reduction in US rates by the Federal Reserve. This is defined in greater liquidity in the face of the slowdown of larger economies, in order to avoid a possible recession.
A low rate generally drives equity assets globally, which is why there has been a rally in world markets that could continue with the increase in liquidity.
