Answer: Marginal propensity to consume = $0.60
Spending multiplier = $2.5
Explanation: The MPC can be calculated using following equation :-
= 0.60
Similarly, we can calculate spending multiplier as :-
= $2.5
Answer and Explanation:
The computation is shown below:
1.
Direct Material Price Variance = Actual material cost - Actual Quantity × Standard Price
For Silver
= $13848 - 577 × 23
= $577 (U)
For Crystal
= $2926 - 7700 × 0.40
= $154 (F)
Direct Material Quantity Variance = (Actual Quantity - Standard Quantity) × Standard Price
For Silver
= (577 - 1530 × 0.40) × 23
= $805 (F)
For Crystal
= (7700 - 1530 × 5) × 0.40
= $20 (U)
2.
Direct Labor Rate Variance = Actual Cost - Actual Hours × Standard Rate
= $36915 - 3210 × 12
= $1605 (F)
And,
Direct Labor efficiency Variance = (Actual hours - Standard hours) × Standard Rate
= (3210 - 1530 × 2) × 12
= $1800 (U)
Answer:
a. Show her the list and then take it away and have her testify from her 'refreshed recollection.'
Explanation:
In the given scenario Gloria testifies that when she came to work the day after the robbery, she noticed that large amounts of inventory were missing. She spent the entire day cataloguing the missing items.
In the trial she said she can remember what was stolen.
Under rule 612 the prosecutor is allowed to.show her the list and them take it away. Gloria can now testify from her refreshed memory.
On the other hand if she said she could recall the items the prosecutor would have under the hearsay exception (rule 803 (5)) requested she state the missing items.
But in this case she said she cannot recall the items
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