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3 years ago

15

If the costs for direct materials, direct labor, and factory overhead were $522,200, $82,700, and $45,300, respectively, for 16,

000 equivalent units of production, the conversion cost per equivalent unit was $8.00.
True or False

1 answer:

Dovator [93]3 years ago

7 0

Answer:

It’s true equivalent unit was $8.00

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2 years ago

Suppose the economy is in a recession. The economy needs to expand by at least $350 billion, and the marginal propensity to cons

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Answer:

$140

Explanation:

Calculation for What is the least amount the government can spend to overcome the $350 billion gap

First step is to find the Multiplier using this formula

Multiplier=1(1-Marginal propensity)

Let plug in the formula

Multiplier=1/(1-0.6)

Multiplier=1/0.4

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Least amount=Gap/Multiplier

Let plug in the formula

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Therefore the least amount the government can spend to overcome the $350 billion gap is $140

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1 year ago

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