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3 years ago

State and Local Governments and Aggregate Demand. The aggregate demand curve shifts to the left if?

Business

1 answer:

alina1380 [7]3 years ago

5 0

Answer:

The aggregate demand curve shifts to the left if the total quantity of goods and services demanded by consumers declines at a particular price. Such decline could be brought about by an anticipation to price increase of goods and services in the future. The economy is then said to be "contracting."

Explanation:

The "aggregate demand" refers to the "domestic final demand." The "aggregate demand curve" shows the demand of the consumers when the prices of goods are set at varying levels.

Another reason for an aggregate demand to shift to the left is the increase of taxes imposed by the government. This allows the people to save more money rather than spend.

So, this explains the answer.

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World Company expects to operate at 80% of its productive capacity of 61,250 units per month. At this planned level, the company

yaroslaw [1]

Answer:

$2,880 unfavorable

Explanation:

A difference between the actual and estimated (budgeted) quantity of consumption of a product at standard rate

Formula for volume variance

Volume variance = (Actual quantity - budgeted Quantity) x Standard Rate

Budgeted Fixed overhead rate = $47,040 / $29,400 = $1.60 per direct labor hour

Budgeted Variable overhead rate = 355740/29400 = $12.10 per direct labor hour

Standard direct labor hour = ( 29,400 / 49,000) x 46,000 = 27600 direct labor hour

Fixed OH applied = 27,600 hours x $1.6 per direct labor hour = $44,160

Variable OH applied = 27,600 x $12.10 per direct labor hour = $333.960

Total overhead applied = $44,160 + $333,960 = $378,120

Budgeted Overhead = $47,040 + $333,960 = $381,000

Volume variance = Budgeted overhead - Total overhead applied

= 381,000 - $378,120 = $2,880 unfavorable

As actual production used more labor hours than estimated, so the volume variance is unfavorable.

8 0

3 years ago

Several managers were having a budget meeting. At first, they were all focused on the issues, though there was mild disagreement

Rzqust [24]

The correct option is task; relationship. The first part of this meeting illustrates the task conflict that later turned into relationship conflict.

<h3>How to manage a conflict?</h3>

It is necessary that organizational departments understand the normality of conflicts in the organizational environment, where there are people with different values and personalities. To reduce tensions, it is necessary to strengthen communication, increase employee motivation and create a culture favorable to development.

Therefore, in the organizational environment there are several types of conflicts with different scopes, which can be reduced through the creation of strong personal relationships and clear and objective communication.

Find out more about conflict management here:

brainly.com/question/26675176

#SPJ1

4 0

2 years ago

2. On January 1, 2021, Legion Company sold $250,000 of 8% ten-year bonds. Interest is payable semiannually on June 30 and Decemb

Shalnov [3]

Answer:

$10,942.20

Explanation:

The computation of the bond interest expense for the six month is shown below:

= Carrying value of the bond × effective interest rate × number of months ÷ total number of months in a year

= $218,844 × 10% × 6 months ÷ 12 months

= $10,942.20

By multiplying the carrying value of the bond with the effective interest rate and the number of months we can get the bond interest expense and the same is to be considered

4 0

3 years ago

The following direct materials and direct labor data pertain to the operations of Laurel Company for the month of August.

Gekata [30.6K]

Answer:

Results are below.

Explanation:

To calculate the direct material price, quantity, and total variance, we need to use the following formulas:

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (193 - 190)*1,700

Direct material price variance= $5,100 favorable

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (1,680 - 1,700)*193

Direct material quantity variance= $3,860 unfavorable

Total variance= Direct material price variance +/- Direct material quantity variance

Total variance= 5,100 - 3,860

Total variance= $1,240 favorable

To calculate the direct labor efficiency, rate, and total variance; we need to use the following formulas:

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor time (efficiency) variance= (4,650 - 4,600)*14.5

Direct labor time (efficiency) variance= $725 favorable

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Direct labor rate variance= (14.5 - 15)*4,600

Direct labor rate variance= $2,300 unfavorable

Total variance= Direct labor time (efficiency) variance +/- Direct labor rate variance

Total variance= 725 - 2,300

Total variance= $1,575 unfavorable

7 0

3 years ago

Departmental overhead rates are generally preferred to plant-wide overhead rates when:a) the activities of the various departmen

elena55 [62]

Answer:

a) the activities of the various departments in the plant are not homogeneous.

Explanation:

When the activities are homogeneous in nature then common factor for such allocation can be derived.

With that the activities overhead cost would be allocated based on that common factor.

But when the activities are not homogeneous in nature then there can not be any common basis to allocate factory overheads in that case the company uses the plant wide overhead rate that is generally predetermined based on budgets.

8 0

4 years ago