Answer:
B.
Explanation:
The main reason as to why it is essential to differentiate these two is that the nominal growth rate combines the effect of price changes along with changes in the production of goods and services and thus gives a less clear indication of the impact on living standards. While the real growth rate measures economic growth in relations to the GDP in different periods, and expressed in real terms, and since it is divided by the population it means that in order to sustain a standard of living it needs to increase at a rate faster than the population.
Answer:
10,700 overapplied
Explanation:
we are asked for overhead so any data that don't help with that is irrelevant
The applied MOH is done by this rate:
MOH = 150% Labor
So we need to calculate the direct labor:
Payroll - indirect labor = direct labor
158,000 - 21,000 = 137,000
Now we calculate the applied MOH
Applied MOH 137,000 * 150% = 205,500
Now we compare the Applied overhead with the actual overhead.
205,500-194,800=10,700
<em>because</em> <em>applied is greater than actual the MHO is overapplied</em>
Answer:
Option (a) is correct.
Explanation:
When the price of ground beef increases, this means that there is an increase in the cost of production of hamburgers because the beef is used as an input in the production of hamburgers.
So, an increase in the price of beef will result in a decrease in the supply of hamburgers because it will become less profitable for the suppliers and this will also shifts the supply curve leftwards.
Hence, this lower supply of hamburgers will cause the price of hamburgers to rise.
The provisions of Section 706(a) of the Bankruptcy Code permit debtors to convert a Chapter 7 case into a Chapter 13 case. However, the debtor cannot convert if the Chapter 7 case previously was converted from a case filed under a different chapter on request of a creditor, the trustee, or the bankruptcy court.