Answer:
B) $62 per machine hour
Explanation:
To calculate the overhead rate per hour we solve the following equation:
overhead rate per hour = $15,500,000 / 250,000 machine hours = $62 per machine hour
if we compare this current rate per machine hour to last year's rate per machine = $16,000,000 / 300,000 machine hours = $53.33, we can determine that Thomlin is overapplying overhead expenses ($62 > $53.33).
<span>Yes,
an informal economy is not taxed or monitored by government and hence
is not included in calculations for GDP and inflation. An example is the
market for illegal drugs, amongst many others.
(Hope this helps!!!)
</span>
Answer:
If a nation has an absolute advantage in the production of a good:
a. it can produce that good at a lower opportunity cost than its trading partner.
Explanation:
Absolute Advantage:
In production, the absolute advantage is defined as the capacity of a company or a business or a nation to produce such products that are of good quality in comparison with its competitors while utilizing the same resources (money, time) as its competitors.
- So in this case, the option a is correct because if a nation has absolute advantage in the production then it can produce that good at low opportunity cost than its trading cost. as compared to its competitors.
- The option b is not valid as in absolute advantage in production the quality is better but the resources remain same.
- The option c is not valid as it doesn't have to restrict imports of the good to get the benefit as that good have good quality in comparison with the competitors.
- The option d is not correct as absolute advantage in production make the nation already special in the production.
Hello Dr, your question isn't comprehensive, plz rewrite it
Answer:
20.2 or 20.2:1
Explanation:
EPS = Net Income / common shares outstanding
EPS = $885,000 / 177,000 shares
EPS = $5
Market price per share = $101
Price-earnings ratio = Market price per share / EPS
Price-earnings ratio = $101 / $5
Price-earnings ratio = 20.2 or 20.2:1