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3 years ago

A consumer price index of 160 in 1996 with a base year of 1982-1984 would mean that the cost of the market basket

Business

1 answer:

Ann [662]3 years ago

7 0

Answer:

A. rose 60% from the cost of the market basket in the base year.

Explanation:

The base year of 1982-1984 represents a 100 value for the index, and anything above it, is an over 100 value.

A 60% rise in 12 years (1984 to 1996) represents an average inflation rate of 5% every year, a bit high, but still within a moderate range.

The formula to find the adjusted consumer price index is:

Adjusted CPI = (CPIn / CPIb) - 1

Where:

CPIn = consumer price index in selected year (in this case 1996)

CPIb = consumer price index in base year (in this case 1982-1984)

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Helena is given a voucher that can be spent only on educational expenses. She has a budget constraint with educational expenses

ss7ja [257]

Answer: Helena will most likely end up spending some more money on everything else after receiving the voucher.

Explanation:

The budget constraint is used to shows the combinations of two goods which can be afforded by a consumer. A normal good is a good or product that when the income of the person rises,the demand for the product will also increase.

Based on the above information on the question, the correct answer is "Helena will most likely end up spending some more money on everything else after receiving the voucher".

This is because the voucher she was given can be spent only on educational expenses and her budget constraints comprises of educational expenses and everything else which is made up of normal goods. This means she'll still needs to get the normal goods later.

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3 years ago

Arts stream padhne se aacha to python ya java ki book pdf download kar lo usse padh lo

Advocard [28]

Answer:

Hahahahahahahha is it that much difficult

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3 years ago

The most useful allocation basis for the departmental costs of an advertising campaign for a storewide sale is likely to be: Mul

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Answer:

Proportion of sales of each department.

Explanation:

Advertising expense directly effects the sales of the business. As the campaign is made store-wide sales and it does not directly traceable to any specific department. It need proper basis for allocation of expenses. The proportion of sales of each department is the most suitable basis from all of the given options because the share of benefit from the campaign is received in the form of sale. A campaign might mostly effects the sales.

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3 years ago

The Work-in-Process inventory account of a manufacturing firm shows a balance of $4,090 at the end of an accounting period. The

Assoli18 [71]

Answer:

125%

Explanation:

The computation of predetermined overhead rate is shown below:-

Manufacturing overhead = $4,090 - ($570 + $370 + $600 + $800)

= $4,090 - $2,340

= $1,750

Total direct labor = $600 + $800

= $1,400

Manufacturing overhead = Predetermined overhead rate × Direct labor

Predetermined overhead rate = Manufacturing overhead ÷ Direct labor

= $1,750 ÷ $1,400

= 125%

Therefore for computing the predetermined overhead rate we simply divide the manufacturing overhead by direct labor.

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4 years ago

Textra Plastics produces parts for a variety of small machine manufacturers. Most products go through two operations, molding an

schepotkina [342]

Answer and Explanation:

1. The computation of the departmental overhead rate for the molding department based on machine hours and for trimming department based on direct labor hours are shown below:

For molding department

= Overhead cost ÷ machine hours

= $730,000 ÷ 30,500 machine hours

= $23.93 per machine hour

For trimming department

= Overhead cost ÷ direct labor hours

= $590,000 ÷ 48,000 direct labor hours

= $12.29 per machine hour

2. Now the total overhead cost for Part A27C and Part X82B and its overhead cost per unit are as follows

Part A27C Activity Departmental For Total Overhead

Driver OH Rate each Cost

Molding Machine

Hours $23.93 Machine $122,065.57

Hour (5,100 MH × 23.93 )

Trimming Direct

Labor Hours $12.29 Direct $8,604.17

Labor Hour (700 DLH × 12.29 )

Total Overheads $130,669.74 ÷ 9,800 units

Overhead per unit $13.33

Part X82B Activity Departmental For Total Overhead

Driver OH Rate each Cost

Molding Machine

Hours $23.93 Machine $24,413.11

Hour (1,020 MH × 23.93 )

Trimming Direct

Labor Hours $12.29 Direct $43,020.83

Labor Hour (3,500 DLH × 12.29)

Total Overhead $674,33.95 ÷ 54,500 units

Overhead per unit $1.24

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4 years ago