Based on economic indices, when we want to measure wage inflation in the labor market, we use the "<u>Consumer Price Index."</u>
The consumer price index, often referred to as CPI, is conducted by the <u>Bureau of Labor Statistics. </u>
CPI is carefully made to measure the price changes encountered by urban consumers.
It is believed that the urban dwellers formed about 93 percent of the United States population.
Consumer Price Index is used to measure the relationship between wage and inflation.
Hence, in this case, it is concluded that the correct answer is "Consumer Price Index."
Learn more here: brainly.com/question/8416975
Answer:
Explanation:
Back in the day you can buy so much with a dollar, as of today yes you can buy a candy bar but back then you can buy a whole steak for a $1
Answer:
The computation is shown below:
Explanation:
The computation is shown below:
Product Total Cost Total Market Lower of Total Cost or Total Market
A $1,368 $1,248 $1,248
($171 × 8 units) ($156 × 8 units)
B $10,300 $9,150 $9,150
($206 × 50 units) ($183 × 50 units)
C $11,454 $10,856 $10,856
($249 × 46 units) ($236 × 46 units)
D $5,530 $4,795 4,795
($158 × 35 units) ($137 × 35 units)
E $9,452 $10,064 $9,452
($278 × 34 units) ($296 × 34 units)
Total $35,501
Answer:
The right option is (B)
Explanation:
The most significant component for composing claim message is that each issue must be depicted in detail, and each record of the issue must be written. Before completion of the message, it is imperative to indicate what you need and what steps are required to mitigate the problem. Mentioning the issue and presenting remedial solutions are critical while developing a claim message.
Answer:
Part a.
Yes, variable costing operating income is less than or greater than absorption costing.
Part b.
$247,860
Explanation:
The difference between variable costing operating income and absorption costing operating income lies in the fixed costs deferred in inventory.
The profit in both method is the same if and only if there is no inventory. That means units produced equal units sold (Production = Sales)
The absorption costing method includes fixed manufacturing cost in determining product costs whereas the variable costing method only accounts for variable manufacturing cost.
When the units produced are greater than units Sold (Production > Sales) , Fixed Costs in Inventory increases this means absorption profits will be greater than Variable costing profit as <em>Fixed costs in inventory value reduces cost of sales in absorption costing.</em>
<u>Difference in variable costing and absorption costing operating income.</u>
Difference = (81,000 - 76,140) x $51
= $247,860
