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Economic growth refers to a steady increase in the production of goods and services in an economic system.

MatroZZZ [7]

Answer:

Economic growth refers to a steady increase in the production of goods and services in an economic system. True

3 0

2 years ago

Activity Levels and Cost Drivers Shroeder Machine Shop has the following activities:

zepelin [54]

Answer:

a. Machine Operation

Unit level, No. of units produced

b. Machine setup

Batch level, No. of batch setup

c. Production scheduling

Batch level, No. of batch setup

d. Material receiving

Unit level, Unit of material used in production of a single unit

e. Research and development

Facility level, Research done and used in development

f. Machine maintenance

Unit level, No. of units made

g. Product design

Product level, Changed product designs

h. Parts administration

Facility level, No. of parts changed

i. Final inspection of a sample of products

Batch level, No. of batched inspected

j. Materials handling

Facility level, Quantity of raw material handled

Explanation:

a. Machine Operation

Unit level, No. of units produced

b. Machine setup

Batch level, No. of batch setup

c. Production scheduling

Batch level, No. of batch setup

d. Material receiving

Unit level, Unit of material used in production of a single unit

e. Research and development

Facility level, Research done and used in development

f. Machine maintenance

Unit level, No. of units made

g. Product design

Product level, Changed product designs

h. Parts administration

Facility level, No. of parts changed

i. Final inspection of a sample of products

Batch level, No. of batched inspected

j. Materials handling

Facility level, Quantity of raw material handled

5 0

2 years ago

9. Study Question #9 Ch 7. Evaluate the following statement describing the strategy that East Asia used from the 1970s to the 19

horsena [70]

Answer:

East Asia's accomplishment in accomplishing a high development rate is a miracle.The example of overcoming adversity centers around outside trade,savings of government and above all in teaching young men and young ladies so that by accomplishing high education level they can accomplish high financial growth.East Asia likewise have a high PPP(Purchasing Power Parity)which helped them to accomplish high growth.Countries like China and Japan are putting more in colleges.

Fare - situated methodology assumes a significant job being developed of East Asia.Many nations like Japan,Taiwan,China moved to send out polocies to cultivate high econmic growth.Of course,open exchange will be a significant development driven motor and the creating nations will considered it as a most significant weapon in accomplishing growth.Thus,industrialisation is a significant rebound for East Asia to accomplish high financial development.

Therefore,industralisation,openness to trade,educational accomplishment and import-send out approaches helped East Asia to accomplish high econmic development.

(b)We know the idea of 'theory of unavoidable losses or Total Factor Productivity.It states that at one point including one extra factor of creation brings about a lessening increment in output.For example,if we utilize laborers to fabricate an item then at a specific level the creation is steady and by utilizing more,the yield decreases.So we can say that the given articulation is valid.

TFP is a significant factor for high development rate.East Asian nations have accomplished a high growth.Most of this is from factor accumulation.East Asia TFP can't and along these lines the nations lost their normal development achievement.High monetary development brings about low TFP.

8 0

3 years ago

Before you print an itinerary, what should you do?

Stolb23 [73]

The answer is B. Always get approval before printing out the final

4 0

3 years ago

Read 2 more answers

Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

Masteriza [31]

Answer:

Farris Corporation

The net operating income for the month under absorption costing is:

= $17,050.

Explanation:

a) Data and Calculations:

Selling price $ 128

Units in beginning inventory 0

Units produced 9,150

Units sold 8,750

Units in ending inventory 400

Variable costs per unit:

Direct materials $ 22

Direct labor $ 64

Variable manufacturing overhead $ 10

Variable selling and administrative expense $ 14

Fixed costs:

Fixed manufacturing overhead $ 137,250

Fixed selling and administrative expense $ 9,200

Direct materials $ 22

Direct labor $ 64

Variable manufacturing overhead $ 10

Variable costs per unit $ 96 * 9,150 = $878,400

Fixed manufacturing overhead $ 137,250

Total production cost $1,015,650

Product cost per unit = $111

Cost of goods sold = $971,250 ($111 * 8,750)

Period costs:

Variable selling and administrative expense $ 14 * 8,750 = $122,500

Fixed selling and administrative expense $ 9,200

Income Statement under absorption costing

Sales revenue ($128 * 8,750) = $1,120,000

Cost of goods sold 971,250

Gross profit $148,750

Period costs:

Variable selling and administrative 122,500

Fixed selling and administrative 9,200

Total period costs $131,700

Net operating income $17,050

4 0

3 years ago