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3 years ago

The following are the Consumer Price Index (CPI) for the years 1991-1993. All of the values use a reference year of 1986.

Business

1 answer:

Mnenie [13.5K]3 years ago

6 0

Answer:

1986 is the base year. so, the CPI of the base year is always 100%.

Option A

The value of $100 in 1993 would be = ($100/CPI of 1986) * CPI of 1993

= ($100/100) * 135

= $135

So, Option A is true.

Option B

$100 in 1992 would have been worth in 1986: ($100/CPI of 1992) * CPI of 1986

= ($100/120) * 100

= $83.33

So, Option B is false.

Option C

$100 in 1991 would have been worth in 1986: ($100/CPI of 1991) * CPI of 1986

= ($100/110) * 100

= $90.91

So, Option C is false.

Option D

The value of $100 in 1992 would be: ($100/CPI of 1993) * CPI of 1992

= ($100/135 * 120

= $88.89

So, Option D is false.

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Excerpt from Areojet Corporation records for month of February: Per Unit Per Month Selling price $ 200,000 Direct materials used

EastWind [94]

Answer:

Work in process= $192,000

Explanation:

Giving the following information:

Direct materials used in production 40,000

Direct labor 10,000

Variable manufacturing overhead 2,000

Fixed manufacturing overhead $ 140,000

<u>The absorption costing method includes all costs related to production, both fixed and variable</u>. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

Work in process= 40,000 + 10,000 + 2,000 + 140,000

Work in process= $192,000

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3 years ago

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Ann [662]

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3 years ago

Read 2 more answers

makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Dire

Ugo [173]

Answer:

$171 Favorable

Explanation:

Actual Variable Overhead Rate = Actual variable overhead cost / Actual direct labor-hours used

Actual Variable Overhead Rate = $9,531 / 2,310

Actual Variable Overhead Rate = $4.125974

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Variable overhead rate variance = ($4.20 - $4.125974) * 2310

Variable overhead rate variance = $0.074026 * 2310

Variable overhead rate variance = $171 Favorable

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3 years ago

.Dorothy Fonda is an unmarried head of household with the following income for the year: Wages $34,500 Bank interest $275 Munici

anygoal [31]

Answer:

$33,850.00

Explanation:

The computation of the Adjusted gross income (AGI) is shown below:

= Wages + bank interest + lottery price - standard deduction

= $34,500 + $275 + $325 - $1,250

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The standard deduction is a contribution to her traditional IRA. All other items which are given in the question are not relevant. Hence, we ignored it

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3 years ago

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Jim drops his car off at ABC Garage to have his exhaust system repaired and takes the train to work. When he returns, he finds t

TEA [102]

Answer: Direct Excess Coverage

Explanation:

The coverage type under ABC's garagekeepers policy that would split the cost of the loss with Jim's own insurer without placing blame on ABC Garage is the direct excess coverage.

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2 years ago