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3 years ago

CPI is calculated by dividing the using by the using and multiplying by 100.

Business

1 answer:

Anika [276]3 years ago

7 0

Explanation:

The CPI stands for Consumer Price index . It refers to the change in the price level with respect to the goods and services available in the market.

The CPI is calculated below

= Given the cost of market goods and services using the price of given year by the Given cost of market goods and services using the price of a base year and then it would be multiplied by 100

While the GDP Deflator deals with the price of all goods and services that are produced in domestic.

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Frederick Group uses ABC to account for its chrome wheel manufacturing process. Company managers have identified four manufactur

adoni [48]

Answer:

Results are below.

Explanation:

First, we need to calculate the activities allocation rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Material handeling= 8,700/2,900= $3 per part

Machine setup= 4,650/15= $310 per setup

Insertion of parts= 49,300/2,900= $17 per part

Finishing= 75,600/1,800= $42 per direct labor hour

Now, we can allocate overhead to Job 420:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Material handeling= 3*150= $450

Machine setup= 310*4= $1,240

Insertion of parts= 17*150= $2,550

Finishing= 42*120= $5,040

Total allocated costs= $9,280

Finally, allocated costs to Job 510:

Material handeling= 3*500= $1,500

Machine setup= 310*5= $1,550

Insertion of parts= 17*500= $8,500

Finishing= 42*320= $13,440

Total allocated costs= $24,990

6 0

2 years ago

AP MICROECONOMICS 1. GW Company produces and sells hats in a perfectly competitive market at a price of $2 per hat. Assume that

slavikrds [6]

Answer:

With the information in the question, we can make the following table:

Number of Output of Marginal Marginal Marginal

workers/day hats/day Product Revenue Cost

0 0 0 $0 $0

1 10 10 $20 $15

2 26 16 $32 $15

3 36 10 $20 $15

4 44 8 $16 $15

5 49 5 $10 $15

6 52 3 $6 $15

(a) After which worker do diminishing marginal returns begin?

As it can be seen in the table, after the third worker is hired, the diminishing marginal returns begin, because while the marginal product of the second worker is 16 hats, the marginal product of the third worker is 10 hats.

(b) Calculate the marginal physical product of the fifth worker.

The marginal product of the fifth worker is 5 hats.

(c) Calculate the marginal revenue product of the third worker.

The marginal revenue of the third worker is $20.

(d) How many workers will GW hire to maximize profit?

It should hire four workers. By the fourth worker, the marignal revenue is $16, while the marginal cost of hiring the additional fourth worker is $15. In a perfectly competitive market, the profit maximization point is obtained where marginal revenue = marginal cost, which is almost the case here.

(e) if GW Company has fixed costs equal to $20, what will be the company's short-run economic profits from hiring two workers?

If two workers are hired, the total revenue is $52. If the company has fixed costs of $20, and hires two workers costing each $15, the total costs are $50, therefore, in the short-run, the profit is $2.

(1) If the price of hats increases, what will happen to the number of workers hired in the short run?

The number of workers hired will increase because a higher price for hats means a higher marginal revenue for each worker.

6 0

3 years ago

If a company would still have a cash flow item even if they rejected potential new Project A, should this particular cash flow i

FrozenT [24]

Answer: No

Explanation:

When computing a project analysis for a project, only relevant cash flow should be included in the Project's cash flow analysis. Relevant cash-flow are those that will only occur if the project was embarked on.

If the cash flow in question is still going to occur even if the project wasn't initiated as is the case with Project A, it is not a relevant cash-flow and should not be included in the cash-flow analysis.

8 0

3 years ago

Discuss how either good or poor quality affects you personally as a customer. Give specific examples and describe an experience

lys-0071 [83]

Answer:

Quality is the perhaps the most desired thing in a good or service, however, sometimes, as customers, we have to compromise on quality for a cheaper price.

Personally, I look for quality when I buy a laptop. I have had four laptos in my life. Two of those laptops were HP, and the two other were Lenovo.

I had a good experience with my first HP laptop, so I bought another one years later. That second HP had many technical issues only a few months after the purchase, and a year later I ended up buyina new Lenovo laptop.

That first Lenovo lasted for over 4 years until I replaced it for a new one.

In this case, the lack of quality I have personally experienced with HP has made me ditch the brand altogether.

4 0

3 years ago

The income statement of Benning Co. for the month of July shows net income of $1,400 based on Service Revenue $5,500, Wages Expe

Rom4ik [11]

Answer:

Net Income = $1,250

Explanation:

Benning Co.

Income Statement

For the Month Ended July 31, 2010

Particulars $ $

Revenues 6,000 (1)

Expenses:

Wages Expense 2,600 (2)

Supplies Expense 1,000 (3)

Utilities Expense 600

Insurance Expense 400

Depreciation Expense 150

Total expenses 4,750

Net Income $1,250

Note:

1. Revenues = 5,500 + 500 (Adjustment 5) = $6,000

Performed services not recorded will add.

2. Wages expense = $2,300 + 300 (Adjustment 3) = $2,600

Accrued wages not paid will add to the wages expense.

3. Supplies Expense = $1,200 - 200 (Adjustment 2) = $1,000

Supplies expense includes supplies on hand will decrease the supplies expense.

3 0

3 years ago

CPI is calculated by dividing the ____ using ____by the ____using ____ and multiplying by 100.

CPI is calculated by dividing the using by the using and multiplying by 100.