Production process involves different type of cost and expenses, manufacturing overhead account is one and it is debited when overhead applied is less than the actual overhead costs incurred.
<h3>What is manufacturing overhead cost?</h3>
It is the sum of all the indirect costs that were spent while manufacturing a product.
The amount in the manufacturing overhead account can either be a debit or credit.
It is a debit when the overhead is less than the actual overhead costs that were spent.
Therefore, The manufacturing overhead account is debited when the overhead applied is less than the actual overhead costs incurred.
Learn more manufacturing overhead accounts here
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Answer:
$2.41
Explanation:
1 January-September 30 84,180*9/12=63,135
1 October-31 December (84,180+30,000)*3/12=28,545
Weighted average of common stocks outstanding =91,680
Earning per share (EPS)=Net Income/Weighted average common stocks
EPS=$221,062/91,680
EPS=2.41
Answer:
shifts the short-run Phillips curve up
Explanation:
The Phillips curve is a graph that shows the relationship between inflation and unemployment. In the short run, there is an inverse relationship between inflation and unemployment. The Phillip curve submits that high inflation is the cost to pay for economic growth. economic growth is accompanied by low unemployment. In the long run, there is no trade-off between inflation and unemployment.
An increase in expected inflation leads to an upward shift of the Phillips curve in the short run. Unemployment would stay unchanged. While a decrease in expected inflation leads to a downward shift of the Phillips curve
Stagflation in the 1970s have disproved the Phillips curve. Stagflation is when there is high unemployment and high inflation
Answer:
Airline 2 offers low prices on long-distance flights and has long service times for its planes between flights.
Explanation:
Low Cost providing strategy is the strategy in which the services are provided at a lower cost and but the quality of service is acceptable, and is in fact good.
Where the price along with quality is decreased the low cost strategy is not followed.
As in the case of Airline 2 the cost is decreased for passengers and at the same time the service is also decreased.
As there is a long gap of time in between the flights.
NEPAL TOURISM AND OCCUPATIONS RELATED TO IT
Explanation:
The various tourism sector related occupations include
- Travel agents
- Nature park guides
- Meeting planners
- Cartographers
- Tourism professionals
- Sommelier
- Tour operator and so on.
<u>IMPORTANCE OF TOURISM WITH REFERENCE TO NEPAL </u>
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- one among the main importance is the foreign exchange of currency since it has a very higher exchange value compared to other tourism spots.
- exports to other countries from Nepal are very cheap and several good are produced on a large scale.
- it offers mountaineering and other type of adventures.
- cheap way of lifestyle attracts a lot of tourists all over the world.
