<em>Process costing</em><span> is used when there is mass production of similar products, where the costs associated with individual units of output cannot be differentiated from each other. In other words, the cost of each product produced is assumed to be the same as the cost of every other product. Under this concept, costs are accumulated over a fixed period of time, summarized, and then allocated to all of the units produced during that period of time on a consistent basis. When products are instead being manufactured on an individual basis, </span>job costing<span> is used to accumulate costs and assign the costs to products. When a production process contains some mass manufacturing and some customized elements, then a </span>hybrid costing<span> system is used.</span>
The answer is a. decreases. When the interest rate goes up, the transaction demand for money goes down or decreases. It goes the other way around when interest rates go down, the transaction demand for money is high or increases. It happens simply because a consumer can get more products at a lower interest rate, the tendency is to purchase more.
Answer:
B. A CRT TV has become an inferior good because people buy more of this type of TV when they have lower incomes
Explanation:
Inferior goods are goods that consumers demand less as their income increases while normal goods are goods whose demand increases as a consumer income rises.
A CRT TV is inferior because as consumer income rises its demand falls. The fall in demand is as a result of consumer demanding for more quality TV like LCD. So demand for A CRT will only rise as consumer income falls, but if the consumer should rise, the demand for A CRT TV will fall as they go for advanced TV like LCD.
So option B is right.
Based on the events in the book, we know that George's master made George do field work.
This is from the book, Uncle Tom's Cabin.
<h3>What happens in Uncle Tom's Cabin?</h3>
George's master did not believe that George should be engaging in doing much else apart from working for him as he was his enslaved person.
He would therefore follow George to whatever activity he would be doing that wasn't field work to drag him back to the house to engage in field work.
In conclusion, option A is correct.
Find out more on Uncle Tom's Cabin at brainly.com/question/1623971.
Answer:
See below
Explanation:
Direct materials :
$18
Direct labor :
1.9 hours × $18 labor costs
$34.2
Overhead
1.9 labor hours × ($1.50 fixed rate + $1.0 variable rate)
$4.75
Total unit cost
$18 + $34.2 + $4.75
$56.95
Cost to produce 640 chairs :
640 chairs × $56.95 per chair = $36,448