Answer:
The answer is: the amount of inventory at the end of the year was $1,583 using the average cost method.
Explanation:
The average cost method calculates the cost of inventory by dividing the total costs of goods by the total units.
- 10 units x $60 = $600
- 25 units x $65 = $1,300
- 30 units x $68 = $2,040
- 15 units x $75 = $1,125
The total cost of inventory is $5,065 ($600 + $1,300 + $2,040 + $1,125)
The total units in inventory are 80 (10 + 25 + 30 +15)
To find the average cost per unit = $5,065 / 80 units = $63.31
If 25 units were left at the end of the year, then the total cost of inventory is $63.31 x 25 = $1,582,81 or $1,583
Answer:
C, Raises aggregate expenditure by raising liable income, thereby increasing consumption.
Explanation:
Tax is a very important financial tool of any governmet to ensure its smooth running.
Tax can either be increased or decreased and each of these acts have their effects on the the counrty and on its people. For the purpose of this question, i will be sticking to tax decrease.
Tax decrease as the name implies is the reduction of taxes paid by individuals to the government from their taxable incomes.
When tax is reduced, there is a little more money for the people to spend and as such this affects the demand, consumption (of goods) as well as the gross domestic profit; GDP, of the country.
When the people have more money to spend, there is an increase in things they buy, wear, do, etc and so production in that country becomes high.
Tax decrease is most effective in a situations where there is high level of unemployment and slow paced economies.
cheers.
Answer:
shifts inward to the left and both intercepts will decline.
Explanation:
A budget line shows the various combinations an individual can purchase of two goods given an income level or budget.
When there is an increase in price, the number of goods that can be bought at all price levels decreases, there is a shift in the budget line to the left.
This is illustrated in the attached diagram. When price increases there is a shift from A'B' to AB
C is the answer for this question.
Answer:
option (a) $2,052 U
Explanation:
Data provided in the question:
Ramkissoon Midwifery's cost formula for its wages and salaries
= $2,060 per month + $442 per birth
Total number of births = 117
Actual births = 114
Actual wages and salaries for the month = $54,500
Now,
Spending variance = standard cost - Actual cost
or
= ( $2,060 × 1 ) + ( $442 × 114 ) - $54,500
= $2,060 + $50,388 - $54,500
= - $2052 or $2,052 U
Hence,
The answer is option (a) $2,052 U
