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TiliK225 [7]
3 years ago
7

Demand-pull inflation results from an increase in the aggregate demand curve in both the classical and the intermediate ranges o

f the aggregate supply curve, while the aggregate supply curve is fixed.
True or False?
Business
1 answer:
frez [133]3 years ago
6 0

Answer: True

Explanation: Demand-pull inflation is asserted to arise when aggregate demand in an economy outpaces aggregate supply. When the aggregate demand in an economy strongly outweighs the aggregate supply, prices go up.

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Allure Company manufactures and distributes two products, M and XY. Overhead costs are currently allocated using the number of u
Crazy boy [7]

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the allocation rates:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Production setups= (73,000 / 30)= $2,433.33 per setup

Material handling= (49,000 / 91)= $538.46 per number of part  

Packaging costs= (246,000 / 156,000)= $1.58 per unit

<u>Now, we need to allocate costs to Product XY:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Production setups= 2,433.33*18= 43,799.94

Material handling= 538.46*23= 12,384.58

Packaging costs= 1.58*60,000= $94,800

Total allocated costs= $150,984.52

<u>Finally, per unit basis:</u>

Unitary cost= 150,984.52 /60,000= $0.27

8 0
3 years ago
Glenrosa Company bought inventory from Monterosa Company, FOB destination. On December 31, the last day of the accounting year,
il63 [147K]

Answer:

The correct option is (B) Monterosa

Explanation:

At the time when the goods are shipped so in the case of FOB destination the goods title would be transferred to the buyer at the time of reaching to the buyer destination as mentioned by the buyer. Till then it would be included in the seller's inventory

So as per the given situation, Monterosa should involves this goods in its closing inventory i.e. as on December 31

4 0
3 years ago
On December 31, 2019, Hamilton Inc. sold a used industrial crane for $600,000 cash. The original cost of the crane was $5.0 mill
erastovalidia [21]

Answer:

Loss of $200,000

Explanation:

Cost of Crane:                            $5,000,000

Accumulated Depreciation:         4,200,000

Difference                                         800,000

Sale of Crane                                    600,000

LOSS                                                  200,000

This would be a loss because Hamilton did not receive enough cash on the sale of the crane to cover its initial cost for the crane. Since we do not have a salvage value listed, this answer is based on the assumption that the salvage value of the crane is $800,000. (Gain or loss is calculated by determining if the cash received on the sale of the item - in this case, the crane - is more (gain), less (loss), or equal (equal) to the salvage value. Based on the assumption that the salvage value is the remaining $800,000, this would mean a loss to Hamilton since they only received $600,000 for the sale of the crane).

5 0
3 years ago
Economists argue that:_______.
lawyer [7]

Answer:

d. ​every decision has an opportunity cost.

Explanation:

Opportunity cost is the next best option forgone when one alternative is chosen over other alternatives.

Accounting cost only includes explicit cost.

Economic cost includes both implicit and explicit Cost.

economic decisions dont include sunk costs. 

I hope my answer helps you

4 0
4 years ago
What kinds of things does a manufacturer produce?
ohaa [14]

Answer:

The question : What kinds of things does a manufacturer produce if rephrased is simply the same as asking what to produce.

The question : What kinds of things does a manufacturer produce if rephrased is simply the same as asking what to produce.The question of what to produce is one of the basic economic problems that confront any society.

The question : What kinds of things does a manufacturer produce if rephrased is simply the same as asking what to produce.The question of what to produce is one of the basic economic problems that confront any society. This problem arises mainly as a result of the fact that human wants are unlimited relative to the available resources .

The question : What kinds of things does a manufacturer produce if rephrased is simply the same as asking what to produce.The question of what to produce is one of the basic economic problems that confront any society. This problem arises mainly as a result of the fact that human wants are unlimited relative to the available resources . It is practically impossible to produce all human wants or needs hence the need for resource allocation in order to meet the pressing needs of people .

The question : What kinds of things does a manufacturer produce if rephrased is simply the same as asking what to produce.The question of what to produce is one of the basic economic problems that confront any society. This problem arises mainly as a result of the fact that human wants are unlimited relative to the available resources . It is practically impossible to produce all human wants or needs hence the need for resource allocation in order to meet the pressing needs of people .Some factors help to determine what to produce such factors are

  • The question : What kinds of things does a manufacturer produce if rephrased is simply the same as asking what to produce.The question of what to produce is one of the basic economic problems that confront any society. This problem arises mainly as a result of the fact that human wants are unlimited relative to the available resources . It is practically impossible to produce all human wants or needs hence the need for resource allocation in order to meet the pressing needs of people .Some factors help to determine what to produce such factors are The consumers' needs
  • The question : What kinds of things does a manufacturer produce if rephrased is simply the same as asking what to produce.The question of what to produce is one of the basic economic problems that confront any society. This problem arises mainly as a result of the fact that human wants are unlimited relative to the available resources . It is practically impossible to produce all human wants or needs hence the need for resource allocation in order to meet the pressing needs of people .Some factors help to determine what to produce such factors are The consumers' needsThe market demand
  • The question : What kinds of things does a manufacturer produce if rephrased is simply the same as asking what to produce.The question of what to produce is one of the basic economic problems that confront any society. This problem arises mainly as a result of the fact that human wants are unlimited relative to the available resources . It is practically impossible to produce all human wants or needs hence the need for resource allocation in order to meet the pressing needs of people .Some factors help to determine what to produce such factors are The consumers' needsThe market demand The consumer income
  • The question : What kinds of things does a manufacturer produce if rephrased is simply the same as asking what to produce.The question of what to produce is one of the basic economic problems that confront any society. This problem arises mainly as a result of the fact that human wants are unlimited relative to the available resources . It is practically impossible to produce all human wants or needs hence the need for resource allocation in order to meet the pressing needs of people .Some factors help to determine what to produce such factors are The consumers' needsThe market demand The consumer income The costs of production and many more.

The question : What kinds of things does a manufacturer produce if rephrased is simply the same as asking what to produce.The question of what to produce is one of the basic economic problems that confront any society. This problem arises mainly as a result of the fact that human wants are unlimited relative to the available resources . It is practically impossible to produce all human wants or needs hence the need for resource allocation in order to meet the pressing needs of people .Some factors help to determine what to produce such factors are The consumers' needsThe market demand The consumer income The costs of production and many more.After all these factors have been considered , a manufacturer can now decide to make(produce) things such as automobiles , home appliances , foodstuffs and many more.

5 0
2 years ago
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