Answer:
Option (B) is correct.
Explanation:
If there is an any change in the GDP of a particular nation then as a result this will shift the demand curve. Increase in GDP or an increase in the income level of the people will shift the demand curve for goods rightwards. With the higher level of income, the consumer's demand for goods increases.
Any change in the price level of the goods will affect the quantity demanded for that goods and there is a movement along a demand curve.
Answer
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Explanation
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Answer:
The % of completion of the ending inventory in work-in-process with respect to conversion cost is: 40%.
Explanation:
<em>First Calculate the Physical units in Ending Work in Process Inventory.</em>
Physical units in Ending Work in Process Inventory = Beginning Work in Process inventory + Started Units - Units Completed and transferred out
Thus, Ending Work in Process Inventory = 230 + 1,345 - 700
= 875
<em>Then, Calculate the Equivalent Units of Ending Work in Process Inventory.</em>
Total equivalent units of production - conversion costs 1,050
Less Units Completed and transferred out (700)
Equivalent Units of Ending Work in Process Inventory 350
<em>Finally Calculate the % of completion of the ending inventory in work-in-process with respect to conversion cost</em>
The % of completion = Equivalent units of Ending Work in Process Inventory/ Physical units in Ending Work in Process Inventory × 100
= 350 / 875 × 100
= 40%
Sales Budget
- Sales Budget is mainly based on sales forecast.
- It is the starting point of master budget and helps the company to determine that how much number of units to be sold in a coming year and its selling price.
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