Answer:
The correct answer is option (B).
Explanation:
According to the scenario, the given data are as follows:
Purchased office supplies = $4,500
Supplies on balance account (in beginning) = $200
Supplies remaining (in end of month) = $180
So, To calculate supplies used in February we use following method:
Supplies Used = Supplies in Beginning + Purchased office supplies - Supplies in Ending
= $200 + $4,500 - $180
Supplies Used = $4,520
Hence, the amount of supplies USED during February was $4,520.
It’s money I’m pretty sure
Well here's what I can tell you,
The day the contributed property was purchased.
The day the partnership interest was acquired.
Either one of these are true which also means they are both true.
Answer:
b. quantity with price as the explanatory variable because the demand curve is linear.
Explanation:
A linear demand curve can be defined as the graphical representation of the relationship between the quantity of goods or services that are being demanded by the consumers and the price of the goods or services at a specific period of time.
Generally, the x-axis of the graph is used to represent the price of the goods or services while the y-axis of the graph is used to represent the quantity of goods or services that are being demanded by the customers at a specific period of time.
In this scenario, You work for a firm producing fitness equipment and have been informed that the demand curve for the firm's main product, a multi-station home gym, is linear. Also, you have been provided with price and quantity data obtained from focus groups and have been asked to run a regression of revenue on price.
Hence, a linear functional form can properly be used to estimate quantity with price as the explanatory variable because the demand curve is linear.
Additionally, according to the law of demand, as the price of a particular product or service increases, there will be a decrease in the quantity that is being demanded by the consumers.
Answer:
$17,500
Explanation:
Given that,
Actual factory overhead for the year = $1,375,000
Estimated overhead = $1,250,000
Estimated machine hour = 50,000
Total machine hours for the year = 54,300
Predetermined rate per hour:
= Estimated overhead ÷ Estimated machine hour
= $1,250,000 ÷ 50,000
= $25 per hour
Applied overhead:
= Predetermined rate per hour × Total machine hours
= $25 × 54,300
= $1,357,500
Therefore, the under-applied amount for the year:
= Actual factory overhead - Applied overhead
= $1,375,000 - $1,357,500
= $17,500
