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3 years ago

Real GDP is calculated using unchanging prices. True False

1 answer:

5 0

The answer to this question is true. <span>Real GDP is calculated using unchanging prices.

source: </span>https://quizlet.com/78136029/economics-chapter-12-flash-cards/

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The following data relate to direct labor costs for the current period:

mr Goodwill [35]

Answer:$2,125 unfavorable

Explanation:

Given

Standard costs 9,000 hours at $5.50

Actual costs 8,500 hours at $5.75

we have two formulas to calculate for direct labor rate variance is:

1ST ----Direct Labor rate variance = (Actual Rate- Standard Rate ) x Actual hour

=( $5.75 -$5.50) x 8,500 = $2,125 unfavorable

2ND----Direct Labor Rate Variance=Actual Direct Labor Cost Incurred - Standard Direct Labor Cost Based on Actual Hours

=Actual Hours x Actual Rate -Actual Hours x Standard Rate

= ($5.75 x 8,500 hours)-($5.50 x 8,500 hours)

$48,875 - $46,750 = $2,125 unfavorable

when the actual rate is higher than the standard rate, the Direct Labor Rate Variance is unfavorable and if the actual rate is lower than standard rate, the variance is favorable.

3 0

3 years ago

Besides location and length what would you say marks the major difference between the hanseatic and venetian trade routes

alexgriva [62]

The answer to this question is <span>The people who created and are traveling through the routes. The Hanseatic route was really famous to be passed by the people in Germany, while the Venetian trade route was really famous to be passed by the people in Italy (Especially Italian maritime republics such as Genoa and Venice)</span>

3 0

3 years ago

The Bawl Corporation supplies alloy ball bearings to auto manufacturers in Detroit. Because of its specialized manufacturing pro

borishaifa [10]

Answer:

a. The Weeks of supply is 5.67 week

b. The Inventory turns is 9.167

Explanation:

a. In order to calculate the weeks of supply we would have to use the following formula:

Weeks of Supply = Average Aggregate Inventory Value/Weekly Sales

Average Aggregate Inventory Value = Raw Materials + WIP + Finished Goods = $2,470,000+ $1,566,000 + $1,200,000 = 5,236,000

Sales Per Week = COGS/52 weeks per year = $48,000,000/52 = $923,076

Weeks of Supply = Average Aggregate Inventory Value/Weekly Sales = $5,236,000/$923,076 = 5.67 or 5.7 week

b Inventory Turnover = Annual Sales/Average Aggregate Inventory Value = 48000000/5236000 = 9.167 or 9.17

4 0

3 years ago

As of January 1, Year 2, Room Designs Inc. had a balance of $9,900 in Cash, $3,500 in Common Stock, and $6,400 in Retained Earni

dexar [7]

Answer:

What did the company purchase that resulted in the cash outflow from investing activities?

It purchases Land for 16,500

Explanation:

The investing activities outflow will be for the purchase of long tem assets in cash.

The complete cash outflow for investing activities is explain it through the land account:

cash outflow: 16,500

land: 16,500

There are no other long-term assets which can explain the variance plus, the land account covers the amount entirely.

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3 years ago

globe hotels has more cash on hand than is required to support its operations. accordingly, the company has decided to pay out s

BlackZzzverrR [31]

These payments to shareholders are called Dividends. The correct option is A.

<h3>Why are dividends paid?</h3>

Dividends are payments made to shareholders based on the number of shares they own. Shareholders expect profits to be returned to them by the companies in which they invest, but not all companies pay dividends.

A dividend is a monetary or non-monetary reward given by a company to its shareholders. Dividends can be paid in a variety of ways, including cash, stock, or any other form. The dividend of a company is decided by its board of directors and must be approved by the shareholders.

Thus, the ideal selection is option A.

Learn more about Dividend here:

brainly.com/question/29510262

#SPJ1

7 0

1 year ago