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The answer to this question will be A
Answer:
$21,177 overapplied
Explanation:
Applied Overheads = Predetermined overhead rate x Actual activity
where,
Predetermined overhead rate = Budgeted Overheads ÷ Budgeted Activity
= $485,060 ÷ 48,506 hours
= $10 / direct labor hour
therefore,
Applied Overheads = $10 x 52,943 = $529,430
Since, Applied Overheads ($529,430) > Actual Overheads ($508,253), overheads have been over-applied by $21,177
Conclusion :
The amount of overapplied manufacturing overhead at the end of the year is $21,177
The two sentences that correctly shows the way of calculating GDP are:
- She uses the income-based approach to calculate the GDP.
- According to the approach, she considers the expenses incurred annually as the GDP.
<h3>What is GDP?</h3>
This is a term that is used to refer to the gross domestic product of a country. The GDP is used to show how the economy is doing.
There are two ways of calculating the GDP of a country.
- The income approach
- The expenditure approach.
Read more on GDP here:
brainly.com/question/1383956
Answer:
a. The effect of government regulation on a monopolist's production decisions: microeconomics
b. The government's decision on how much to spend on public projects: macroeconomics
c. The effects of the Internet on the pricing of used cars: microeconomics.
Explanation:
Le re-visit the concept of microeconomics and macroeconomics before we apply them to solve the problem.
Microeconomics studies about the behavior of players and how players in the economy ( individuals, households, firms) making decision of resources allocation, how they interact with one another. Thus, it usually studies about market of goods and services.
Macroeconomics studies about economy as a whole, that is, its structures, performances, behavior ( e.g: inflation, unemployment, GDP growth)
a. is microeconomics because it is about how monopoly firms decide its production level given changes in government's regulations.
b. is macroeconomics because it is about public spending ( spending for the whole economy)
c. is microeconomics because it is about how market of used cars is affected ( in term of pricing) as sellers and buyers have new ways of delivering/finding information and connections.