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Mars2501 [29]
3 years ago
8

A company's prime costs total $3000000 and its conversation costs total $7000000. if direct materials are 1000000 and factory ov

erhead is 5000000 then direct labor is ______.
A. $4,000,000
B. 14,000,000
C. $2,000,000.
D. $1,000,000
E. $3,000,000
Business
1 answer:
I am Lyosha [343]3 years ago
6 0

Answer:

The correct answer is C.

Explanation:

Giving the following information:

A company's prime costs total $3,000,000 and its conversation costs a total of $7,000,000. if direct materials are $1,000,000 and factory overhead is $5,000,000 .

We know that:

Prime costs= direct material + direct labor

Conversion costs= direct labor + factory overhead

Therefore:

3,000,000= 1,000,000 + DL

2,000,000= DL

To confirm:

7,000,000= DL + 5,000,000

DL= 2,000,000

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Alik [6]

Answer:

All answers are correct except Money Supply

Explanation:

Fiscal policy affects aggregate demand through government spending and taxes. Government may increase taxes to increase revenue or discourage the consumption of a product. On the flipside, they may reduce taxes to stimulate spending, redistribute income, increase aggregate demand among other objectives.

Money supply is a monetary policy and it is used by the central bank to achieve certain objectives (reduce inflation, stimulate growth, increase demand, etc.)

Government spending is a fiscal policy that government uses to achieve a set of objectives (i.e. to supply goods and services that are not provided by the market or private sector – construct bridges, provide health facilities, social programmes for the poor among others).

Taxes – Tax is a fiscal policy tool used by the government to generate revenue, encourage or discourage the consumption of certain products or affect aggregate demand through income redistribution.  

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5 0
4 years ago
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The phrase "competition equilibrium" refers to an equilibrium condition when the firm's goal of maximising profits and the customers' goal of maximising utility both aspire to reach an equilibrium price as a result of freely determined prices.

According to the theory of competitive equilibrium, the firm's supply of the product is equal to the market's demand for that same amount of the product. It is a circumstance in which neither the buyer nor the seller can strengthen their bargaining position with regard to the goods being sold.

Learn more about competitive market here brainly.com/question/13961518

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1 year ago
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Paraphin [41]

Answer:

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6 0
3 years ago
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Sati [7]

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7 0
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