Answer:
The answer is: $150,000
Explanation:
The GDP includes all the final, finished and legal products produced in the country during a year.
The apples sold directly by the farmer to individual consumers and the apples the grocery store sells to households are both going to be included in the GDP.
The only apples not included in the GDP are the once sold to the company that produces apple juice, since they are intermediate goods and not finished goods.
Answer:
$184.34
Explanation:
The computation of activity rate for the Order Size activity cost pool is shown below:-
The Activity rate for Order size = Estimated order size overhead cost ÷ Total machine hours
= 1,069,190 ÷ 5,800
= $184.34
Therefore for computing the activity rate for the Order Size activity cost pool we simply applied the above formula and ignore all other value.
Answer:
0.5
Explanation:
A screenshot is attached to get the full solution
Since the coefficient is < 1, it is inelastic
Answer:
$85,225
Explanation:
The computation of the applied overhead is shown below:
Let us assume that the Direct labor be X
And, the factory overhead be 1.4X
As we know that
Cost of goods manufactured = Beginning work in process + direct material + direct labor + factory overhead - ending work in process
$213,300 = $35,100 + $57,200 + X + 1.4X - $25,100
$213,300 = $67,200 + 2.4X
$146,100 = 2.4X
X = $60,875
And, the factory overhead is
= $60,875 × 1.4
= $85,225
hence, the applied overhead is $85,225