Office of Management and Budget
As a part of the federal budgeting process, an executive agency called the Office of Management and Budget reviews all agency budgets and ensures that they conform to the intent of the policy.
Answer: it would be too large of an unnecessary expense
There are different resources or factors of production needed by the company. Human capital and physical capital like faster computers are some of them. Buying new computers for all workers will really increase productivity but it would be too large of an unnecessary expense if their specific jobs do not require them and also computers become obsolete in 3 years time.
False. The rule of 72 is a way to estimate how many years it will take an investment to double by dividing 72 by the fixed annual interest rate.
Answer:
A) $29.39 per machine-hour
Explanation:
Fixed overhead rate = Estimated total fixed manufacturing overhead / Estimated machine hours
Fixed overhead rate = $1,058,040 / 36,000
Fixed overhead rate = $29.39
Predetermined Overhead rate = Fixed overhead rate + Variable overhead rate
Predetermined Overhead rate = $29.39 $3.01
Predetermined Overhead rate = $29.39301
Predetermined Overhead rate = $29.39
Answer:
Understates
Explanation:
The difference between the real GDP per capita in 1890 and the real GDP per capita today understates the difference in the population's economic well-being because although it is a given that the higher the GDP is higher the standard of well-being of the population, <u>however the understatement comes from the fact that GDP has a short-coming of failing to include the value of leisure time.</u>
<u>GDP includes exchanges of value. for example if you employ a maid to take care of house chores and pay the maid, that is an exchange of value and will be captured by GDP but will not be captured if you do it yourself, and there are a lot more people doing things themselves today and the population is far more than in 1890</u>