Answer:
The amount of tax on a case of Cola is ;
= Selling price - Producer gain
= 6 - 2
= $4
The burden that falls on consumers is;
= Current selling price - Previous selling price
= 6 - 5
= $1
The burden that falls on the producers is;
= Selling price less consumer tax - Producer gain
= 5 - 2
= $3
The effect of the tax on the quantity sold would have been larger if the tax had been levied on producers. <u>FALSE. </u>
Whether the tax is on the producer or on the consumer makes no difference because the quantity sold will be the same. The statement is therefore false.
The answer is opposite direction as <span>goods and services.
In the circular flow model, the expenditures on goods and services will be paid by the households to the producers/
The direction of goods and services (products) on the other hand, will be given by the producers to the households.
</span>
I<span>n order to compute the variable overhead rate variance, you need to compare the actual overhead paid and the budgeted overhead. In this problem, the actual variable overhead paid is $157,600 and to get the budgeted variable overhead, you need to multiply the standard rate </span>with the actual labor hours worked (47,440 labor hours x $3.50) giving you the result of $166,040<span>. Comparing the actual variable overhead and the budgeted variable overhead, you can see that there will be $8,440 </span><span>favorable variance. This would clearly result to </span>an <span>favorable variance because the company have actually paid lesser than the budgeted variable overhead.</span>
Answer:
The proper answer is explained below.
Explanation:
To begin with, the statiscal hypothesis testing is considered to be a method of statistical inference in where the purpose is on the basis of observed data modeled as the realised values taken by a collection of random variables. This method is used by the companies in order to facilitate the decision making process so that the managers have more quality info closer to the hand when it comes to making a hard and important decision.
So to complete the process of testing hypotheses and comparing the results so that the forecasting is better then the managers will have to use this method and other ones and also to use programs and special systems so that the proper contrasting will take place according with the situation and all.
