Answer:
The answer is: C) 10% more peanut butter on the shelves
Explanation:
To determine what you need to do with your peanut butter stock, you must first determine if the quantity demanded for peanut butter will increase or decrease and at what percentage. To do this we can use the following formula:
change in peanut butter sales = income elasticity of demand x average change in income
change in peanut butter sales = -5% x -20% = 10% increase
Since you expect a 10% increase in the quantity demanded for peanut butter, you should have 10% more peanut butter in stock
Answer:
Predetermined overhead rate=$19.5/machine hour
The company applied $877500 to the units produced.
Explanation:
a) Pre-determined overhead rate= <u>Budgeted overhead manufacturing cost</u>
Estimated number of machine hours
=975000/50000=$19.5/machine hour.
b)Applied overhead = Pre-determined overhead rate * Actual machine hours
= 19.5 * 45000
=$877500.
c.
In traditional costing we use as base for calculating overhead rate is machine hours or labor hours but in activity based costing we identify activity that consume resources,identify cost driver of each activity,compute cost rate per cost driver unit and finally assign cost to products by multiplying cost driver rate.
Predetermined overhead rate= estimated overhead/Estimated base (cost driver).
Answer:
The characteristics of a mixed economy include allowing supply and demand to determine fair prices, the protection of private property, innovation being promoted, standards of employment, the limitation of government in business yet allowing the government to provide overall welfare, and market facilitation by the self-interest of the players involved.
Answer:
Diane may search the passenger compartment of the car and any place else in the car, including the trunk, without Tim's consent. ⇒ TRUE
Explanation:
The Fourth Amendment of the Constitution protects people against illegal searches, seizures and warrants, but there are exceptions to this amendment:
- consensual searches: if the person is OK with the police officer searching his/her belongings
- brief investigatory stops: when the police officer is suspicious about a crime being committed
- searches incident to a valid arrest: if the police officer is arresting someone, he/she is allowed to search him
- seizures of items in plain view: if property is in plain view, the police officer does not need a warrant. ⇒ this exception applies to this case.
Answer:
Gas Compressor Operator
Explanation:
A gas compressor operator works with steam or internal combustion engines to compress and transmit gases through pipelines.
He or she directs various control nodes and adjust valves in the compressor engines, pumps, and other related equipment. They monitor pressure, temperature gauges, and other safety components to ensure the safe passage of gases in the pipelines.
