Microeconomics study of particular markets, and segments of the economy. It looks at issues like consumer behavior, individuals labor markets, and film theory. Macroeconomics is the study of the whole economy. It looks at aggregate variables, such as aggregate demand, national output and inflation!!!
A free market is a type of economy which allows the manufacturers and consumers to interact resulting to the relationship between the supply and demand market. This is different from the command market in which the government controls solely. One of the countries with strong free market economy are B. US, UK, HK and Singapore.
Answer:
Direct Labor Hours Budget 8250
Direct Labor Costs Budget $ 57750
Factory Overhead Budget $ 614250
Explanation:
<em>We multiply the direct labor hours per unit to the number of units to get the total direct labor hours which are again multiplied with the direct labor cost per hour to get the total direct labor costs.</em>
Addison Co.
Direct Labor Budget
Quarter II
Production units 2750
<u>Direct Labor per unit 3 </u>
Direct Labor Hours 8250
<u>Direct Labor Cost / Hr $7 </u>
Direct Labor Costs $ 57750
We multiply the direct labor costs with variable overhead per hour to get the variable costs which are added to the fixed costs per quarter to get the total factory overhead budget.
Addison Co.
Factory Overhead Budget
Quarter II
Direct Labor Hours 8250
<u>Variable OH / Hr $ 9 </u>
Variable Overheads $ 74250
<u>+Fixed Overheads $ 540,000</u>
Factory Overhead Budget $ 614250
Answer:
The balance in the investment account on December 31 will be $325,000
Explanation:
The equity method is computed by applying an equation which is shown below:
= Opening balance of common stock + rate of common stock × (Net income - dividend paid)
= $300,000 + 25% × ($160,000 - $60,000)
= $300,000 + 25% × $100,000
= $300,000 + $25,000
= $325,000
Since, only 25% of common stock is acquired so, only 25% is to be considered in the computation part. And all other balances are also considered together.
Hence, the balance in the investment account on December 31 will be $325,000