Answer: option B
Explanation:
in A) budget deficit = G+Tr - T
= 30+20-40
= 10
In B) private saving , Y-C-T = 60
Y = C+G+I
So, C+G+I-C-T = 60
G-T = 60-40 = 20
Budget deficit= 20, HIGHEST
In C) Y = C+G+I+Tr - T
300 = 180+G+ 90 + 20-60
G = 70
So budget deficit= G-T
= 70-60
= 10
No, Because Harriet had no knowledge of the painting for her house, While there was an added benefit. There is no quasi-contract at all.
Answer:
Option (d) is correct.
Explanation:
Given that,
Direct materials = $44,200
Direct labor = $31,800
Manufacturing overhead = $25,200
Selling expenses = $22,100
Administrative expenses = $37,100
Conversion cost:
= Direct labor + Manufacturing overhead
= $31,800 +$25,200
= $57,000
Therefore, the conversion costs during the month totaled $57,000.