Answer:
Allocated MOH= $1,380
Explanation:
<u>First, we need to calculate the predetermined allocation rate per direct labor hour:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
6,900 = Estimated manufacturing overhead rate*10
Estimated manufacturing overhead rate= $690 per direct labor hour
<u>Now, we can allocate overhead for Job 2:</u>
Allocated MOH= 690*2
Allocated MOH= $1,380
It should be comparative advantage or D.
Hope this helps :p
Answer:
Demand decreases.
Explanation:
If demand decreases while supply remains unchanged, equilibrium price and quantity would fall.
If supply increases, equilibrium price would fall and quantity would rise.
If supply decreased, equilibrium price would rise and quantity would fall
If demand increases, equilibrium price and quantity would rise.
I hope my answer helps you
Answer:
The factor market
Explanation:
The factor market refers to buying and selling of factors of production. Factors of production are land, labor, capital, entrepreneurship. Prices of factors of production are determined by interaction of supply and demand forces. By Dave offering his labor, he receives wages as a reward for the factor of production he provides i.e. labor.
Answer:
8.95%
Explanation:
Data provided in the question:
Time, n = 29 years
Principle amount = $200,000
Future value = $2,400,000
Now,
Using the compounding formula
Future value = Principle × [ 1 + r ]ⁿ
here,
r is the interest rate
Thus,
$2,400,000 = $200,000 × [ 1 + r ]²⁹
or
[ 1 + r ]²⁹ = 12
taking the natural log both the sides, we have
29 × ln(1 + r) = ln(12)
or
ln(1 + r) = 0.08569
or
1 + r = 
or
1 + r = 1.0895
or
r = 0.0895
or
r = 0.0895 × 100% = 8.95%