Answer:
The real GDP is $150 and GDP is $550
Explanation:
There are five goods in the economy, A-E.
The current-year quantity of each is 10A, 20B, 30C, 40D, and 50E.
Current-year prices are $1 for each unit of A, $2 for each unit of B, $3 for each unit of C, $4 for each unit of D, and $5 for each unit of E.
Base-year prices are $1 for each good.
The real GDP is the value of output produced at base year price.
Real GDP
= 10 +20 + 30 + 40 + 50
= $150
The nominal GDP is the value of output produced at the current prices.
Nominal GDP
= 1 × 10 + 2 × 20 + 3 × 30 + 4 × 40 + 5 × 50
= 10 + 40 + 90 + 160 + 250
= $550
From the sun to the earth.
Answer:
Direct labor rate variance= $594 unfavorable
Explanation:
Giving the following information:
The standard direct labor cost per hour is $7.20.
During August, Zanny's water ski radio production used 6,600 direct labor-hours at a total direct labor cost of $48,708.
<u>To calculate the direct labor rate variance, we need to use the following formula:</u>
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Actual rate= 48,078/6,600= $7.29
Direct labor rate variance= (7.20 - 7.29)*6,600
Direct labor rate variance= $594 unfavorable
Answer:
The correct answer is letter "B": It formalizes the logistics agreed upon by the roommates in the case of a dispute.
Explanation:
Roommate relationships might not always be harmonious. In most cases, people have roommates with the only purpose of sharing rent expenses. Aside from that, they are unlikely to have another bond. Thus, some conflicts could arise as a result of dealing with strangers.
To avoid major inconveniences, a roommate agreement should be signed among the individuals sharing the apartment so in the document, they formally establish the responsibilities and limits they have by sharing the same department and, in front of problems, the document will make it easier to determine who could be at fault.
A PROJECT MANAGEMENT OFFICE facilitates the development of organisational ............................
Project management office refers to a department within a business which defines and maintains standards for projects management within that organisation. It is the one that is responsible for setting standard which are used during the executions of projects by the company.
