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Mekhanik [1.2K]
3 years ago
7

Choose the correct definition of purchasing power parity.

Business
1 answer:
Elanso [62]3 years ago
8 0
956-455-9448 call me please
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Explanation:

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Which of the following about cash equivalents is false?<br> A<br> B<br> C<br> D
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Scottso Corporation applies overhead using a normal costing approach based upon machine-hours. Budgeted factory overhead was $26
seropon [69]

Answer:

Overhead application rate

= <u>Budgeted overhead</u>

  Budgeted machine hours

= <u>$266,400</u>

  18,500 hours

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Overhead applied

= Overhead application rate x Actual machine hours

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Under-applied overhead

= Overhead applied - Actual factory overhead

= $274,320 - $287,920

= $13,600

Explanation:

In this question, there is need to determine the overhead application rate, which is the ratio of budgeted factory overhead to budgeted machine hours. Then, we will calculate the overhead applied, which is overhead application rate multiplied by actual machine hours. Under-applied overhead is the difference between overhead applied and actual factory overhead.                              .

6 0
3 years ago
Is the following statement True, False or Uncertain? Explain your answer. "In the long run, firms will exit the market if price
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Answer:

True

Explanation:

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In short, the profit = (price - average total cost) x number of product sold.

Normally the price must be above/ higher than cost, so that the firm can have profit. Sometime the price in the market go down, so the firm have have to adjust down its price also to maintain customer's purchases.

Once its price is down, but the firm's average total cost is still same as previous, the firm can not have profit as previously. The firm may bear this situation as long as its capital capacity allowed, but will not be too long.

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3 years ago
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Jake works remotely analyzing statistical data for Azod Software Company. Occasionally, his virtual team will schedule a face-to
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