Answer:
a. Due to increases in hay prices, an input for raising cattle, the price of a gallon of 2% milk increases from $2.98 to $3.25. QUANTITY DEMANDED DECREASES, as the price of a good or service increases, the quantity demanded decreases.
b. Groupon has a Groupon for $6 off the price of laser tag. QUANTITY DEMANDED INCREASES, as the price of a good or service decreases, the quantity demanded increases.
c. Sharp increase in the price of wood causes increases in prices for dressers and desks. QUANTITY DEMANDED DECREASES, if the price of a key input increases, the production costs will increase, resulting in a higher selling price ⇒ lower quantity demanded.
d. Week long special at the grocery store, where pork shoulder is on sale at $1.99 a pound, down from $3.99 a pound. QUANTITY DEMANDED INCREASES, as the price of a good or service decreases, the quantity demanded increases.
e. Buy one get one free special for MP3 albums on Amazon. QUANTITY DEMANDED INCREASES, the buy one get one free promotion lowers the price of a good or service, resulting in higher quantity demanded.
Answer:
$10,800 underapplied
Explanation:
Calculation for If overhead is applied based on machine hours, the overapplied/underapplied overhead is:
Overhead machine hours=[($1,044,000/24,000)×23,600]-1,037,400
Overhead machine hours=($43.50 x 23,600) - 1,037,400
Overhead machine hours=$1,026,600- 1,037,400
Overhead machine hours= $10,800 underapplied
Therefore If overhead is applied based on machine hours, the overapplied/underapplied overhead is:$10,800 underapplied
Answer:
Statement of Net Assets or statement of financial position.
Explanation:
Statement of net assets shows the permanently restricted, temporarily restricted, and unrestricted funds. This is represented into he equity section.
A template for the creation of statement of financial position is provided by the IRS form 990.
Unrestricted assets are donations to the organisation that can be used for general expenses.
Temporarily restricted assets are set aside for a particular project by donors
Permanently restricted assets are those that are invested in perpetuity, and the revenue earned is used for a specific purpose.
Answer:
a. $17.44 per hour
b. $43,600 ; $104,640
Explanation:
The computation is shown below:
a. Single plantwide overhead rate equals to
= Total Overhead Amount ÷ Budgeted Direct Labor Hours
where,
Total overhead amount is
= $625,000 + $900,000 + $105,000 + $175,000 + $300,000 + $75,000
= $2,180,000
And, the budgeted direct labor hours is 125,000
So, the overhead rate is
= $2,180,000 ÷ 125,000
= $17.44 per hour
2. Now the overhead cost is
For Deluxe model
= 2,500 direct labor hours × $17.44 per hour
= $43,600
For basic model
= 6,000 direct labor hours × $17.44 per hour
= $104,640
Answer:
Priority programming is a process programming method based on priority. In this technique, the developer chooses the tasks to work according to priority, which is different from other types of programming, for example, a simple round-robin.
On UNIX and many other systems, higher priority values represent lower priority processes. Some of the systems, such as Windows, use the opposite convention: a higher number means a higher priority
Explanation:
Priorities can be dynamic or static. Static priorities are assigned during creation, while dynamic priorities are assigned according to the behavior of the processes while they are in the system. To illustrate, the planner could favor intensive input / output (I / O) tasks, allowing expensive requests to be issued as soon as possible.
Priorities can be defined internally or externally. Internally defined priorities make use of a measurable amount to calculate the priority of a given process. On the contrary, external priorities are defined using criteria beyond the operating system (OS), which may include the importance of the process, the type and sum of the resources used for the use of the computer, user preferences , trade and other factors such as politics etc.