Answer: The overall price level increased.
Explanation: The rise in the overall price level is termed as inflation. From the information we can see that the average price of the three goods in 2015 was $7.50. A year later, the average price changed to $7.58.
Therefore, the overall price level rose as the average price level increased from $7.50 to $7.58.
Answer:
The cost of the work transferred-out during May is $18,630
Explanation:
For computing the cost of work transferred, first we have to compute the conversion cost per unit and material cost per unit
The conversion cost per uni = Conversion cost ÷ (transferred units + work in progress)
= $11,160 ÷ (2,700 + 300 × 30%)
= $11,160 ÷ (2,700 + 90)
= $11,160 ÷ 2,790
= $4 per unit
Now, material cost per unit = Material cost ÷ (transferred units + work in progress)
= $8,700 ÷ (2,700+300)
= $8700 ÷ 3,000
= $2.9 per unit
So, total cost of the work transferred is equals to
= Transferred units × conversion cost per unit + transferred units × material cost per unit
= 2,700 × $4 + 2,700 × $2.9
= $10,800 + $7,830
= $18,630
Hence, the cost of the work transferred-out during May is $18,630
Answer: option "A" is correct
Explanation:
It's an official context for other options.
using the payment function, a $12,000 loan for 4 years at a rate of 6%, your payment would be $281.82
