Answer:
Requirement: <em>Determine the overhead rate for each activity "Materials handling, Machine setups, Quality inspections"</em>
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Materials handling overhead rate = Total cost / Cost driver volume
Materials handling overhead rate = $30,000 / 1,000
Materials handling overhead rate = $30
Machine setups overhead rate = Total cost / Cost driver volume
Machine setups overhead rate = $23,750 / 475
Machine setups overhead rate = $50
Quality inspections overhead rate = Total cost / Cost driver volume
Quality inspections overhead rate = $19,000 / 475
Quality inspections overhead rate = $40
Answer:
The cash effects of transactions that create revenues and expenses are operating activities.
Explanation:
Operating activities are useful to stable the business and they are mostly based on cash transactions. Business need cash for their daily operational activities.
Answer:
Appreciate more
Explanation:
Suppose an increase in the demand for dollars has caused an appreciation of the dollar. According to the purchasing power parity theorem, the value of the dollar in the future will appreciate more. This is because the shift in demand and supply will cause an increase in the value of the dollar. Purchasing power parity (PPP) is a theory which states that exchange rates between currencies are in equilibrium when their purchasing power is the same in each of the two countries.
Answer:
$46,525
Explanation:
Formula for ending retained earnings is as follows;
<em>Ending retained earnings = Beginning retained earnings + Net income - cash dividend</em>
Beg. RE = 44,800
Net income = 7,800
Cash dividends = 6,075
Plug in the values to the above formula;
Ending retained earnings = 44,800 + 7,800 - 6.075
Ending RE balance would be = $46,525
Answer:
As the price level rises, imports become relatively cheaper than domestically produced goods.
Explanation:
The aggregate demand curve is a graph showing the total quantity of all goods and services demanded by an economy at different price levels.
As price level increases, the cost of domestic goods increases and imports become cheaper. As a result, the demand for domestic goods falls as price level falls and the demand for imported goods increases.
