Answer:
$320,000
Explanation:
if allocated overhead was $95,100 and actual overhead was $120,500, then overhead costs were under allocated by $25,400 (= $120,500 - $95,100) and that must be added to cost of goods sold in order to determine the actual gross profit.
total sales revenue = $725,700
<u>total COGS = $380,300 + $25,400 = ($405,700)</u>
gross profit = $320,000
The answer is<u> "proof-of-concept prototype".</u>
A proof of concept is a framework structured simply to exhibit the usefulness of a solitary or little arrangement of standards to be coordinated into different frameworks. True ease of use isn't viewed as while making a proof of idea since incorporation with other faulty advancements isn't just tedious, however may weaken the capacity to decide whether the standard idea is practical.
A prototype is a first endeavor at making something that may be true usable. It is assumed that you may misunderstand things all the while, yet finding that out is the standard motivation behind a model. A model will have all (or almost all) of the usefulness of the completed item, however will for the most part not be as proficient, tastefully satisfying, or strong.
Answer:
Government spending would have to change by <u>$1.6 billion</u>
Explanation:
The marginal propensity to consume (MPC) refers to the proportion of an increase in aggregate income that is spent on consumption of commodities by a consumer.
Since from the question, we have:
MPC = Marginal propensity to consume = 0.75
The MPC can therefore be used to calculate the fiscal multiplier which measures the effect of government spending on real GDP as follows:
Fiscal multiplier = 1 / (1 - MPC) = 1 / (1 - 0.75) = 1 / 0.25 = 4.0
Therefore, we have:
Change in government spending = Fiscal multiplier * Amount of targeted increase real GDP = 4.0 * $400 million = $1.6 billion
Therefore, government spending would have to change by <u>$1.6 billion</u> to generate $400 million increase in real GDP.
Answer:
$432.97
Explanation:
Total cost = cost of printer + cost of light + cost of photo paper
$251.99 + $150 + $30.98 = $432.97