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2 years ago

5

If the prices of all goods and services produced in the economy rose while the quantity of all goods and services stayed the sam

e, which would rise?

2 answers:

stich3 [128]2 years ago

4 0

NOMINAL GDP but not real GDP would rise

iren2701 [21]2 years ago

4 0

The country's per capita GDP has increased.

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2 years ago

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2 years ago

The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Quebec, Inc. for an

STatiana [176]

Answer:

Quebec, Inc.

Assuming Quebec, Inc. uses FIFO periodic inventory procedures, the ending inventory cost is:

= $2,220.

Explanation:

a) Data and Calculations:

Units Unit Cost Total Cost Units Sold

Beginning Inventory 32 $54 $1,728

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2 years ago

The event in the 1700s that advanced human services in the United States occurred when Congress established a federal chain of h

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3 years ago

Starfish Enterprises management has obtained data on the material costs for a selected job which used 300 feet of materials, whi

user100 [1]

Answer:

Starfish Enterprises

The reason that is not the cause of the difference in material usage is:

The cost of materials increased from the time of the estimate.

Explanation:

a) Data and Calculations:

Units of materials used for the job = 300 feet

Standard units of materials for similar job = 260 feet

Unit variance = 40 Unfavorable (300 - 260)

b) Material usage variance does not concern with the cost of materials. Since it is stated that the materials price per unit remained the same in both instances, the cost of materials increasing is certainly not a factor for the material usage variance. The variance is caused by the other factors.

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2 years ago