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4 years ago

What economic theory did Ronald Reagan base his policies upon after becoming President in 1980?

1 answer:

7 0

<span>Supply-side economics is the economic theory that Ronald Reagan base his policies upon after becoming President in 1980.Supply side economics theory is about being focus on the capital or supply in order to grow the economy. It is also called as macroeconomics theory.</span>

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Harrelson Company manufactures pizza sauce through two production departments: Cooking and Canning. In each process, materials a

riadik2000 [5.3K]

Solution:

Instructions Journalize the April transactions:

Date Account Titles and Explanation

4/30 Work in Process—Cooking

Work in Process—Canning

Raw Materials Inventory

4/30 Work in Process—Cooking

Work in Process—Canning

Factory Labor

4/30 Work in Process—Cooking

Work in Process—Canning

Manufacturing Overhead

4/30 Work in Process—Canning

Work in Process—Cooking

Cooking and out the debits

Debit Credit

22,800

10,900 33,700

9,400

7,230 16,630

33,800

28,100 61,900

55,900

6 0

3 years ago

Consider Derek's budget information: materials to be used, $64,750; direct labor, $198,400; factory overhead, $394,800; work in

natita [175]

Answer:

Option (c) is correct.

Explanation:

Given that,

Materials to be used = $64,750;

Direct labor = $198,400;

Factory overhead = $394,800;

Work in process inventory on January 1, = $189,100;

Work in progress inventory on December 31, = $197,600

Firstly, we are calculating the manufacturing cost by adding direct material, direct labor cost and factory overhead. It is calculated as follows:

= Direct material + Direct labor + Factory overhead

= $64,750 + $198,400 + $394,800

= $657,950

Cost of goods manufactured determine the value of goods produced during a period of time. It refers to the cost that is incurred to convert the raw material into the finished goods.

Therefore, the cost of goods manufactured is calculated as follows:

= Manufacturing cost + Opening work in process - Closing work in in process inventory

= $657,950 + $189,100 - $197,600

= $649,450

3 0

3 years ago

A system of accounting for manufacturing operations that produces timely information about inventories and manufacturing costs p

sasho [114]

Answer:

The answer is cost accounting system.

Explanation:

Cost accounting is a tool that allows you to estimate the actual price of the products, which allows you to establish a profit margin for each unit sold. Depending on the activity of the company, several techniques are used such as production costing, process costing, standard costing, absorption costing, etc.

5 0

3 years ago

Suppose you are trying to understand the effect that an increase in the price of grapes will have on the market for wine.

NemiM [27]

Answer:

The correct answer is option d.

Explanation:

The most effective model to understand the effect of change of a variable on other variable is by assuming other factors to be constant. This simplifies the model and helps in easily understanding the relationship between the two variables.

Though the assumption of other things being constant does not apply in the real world, it is still used as otherwise change in other factors would complicate the model. If several factors change it would be difficult to understand the relationship between variables.

Here, to study the effect of change in the price of grapes on the market for wine, it is necessary to assume other factors such as income, consumer preferences, etc to be constant.

4 0

3 years ago

Jamal recently purchased a cooperative's stock and moved into one of the cooperative's units. what type of lease does jamal have

sladkih [1.3K]

It is a finance lease , because Jamal purchased a financial equity, which is the stock, with the cooperative and he moved to one of its units, therefore, the risk and rewards are transferred to Jamal and it is considered to be a finance lease.

3 0

3 years ago