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4 years ago

If the CPI is 123 in year 1 and 143 in year 2, what is the approximate percentage change in prices between the two years?

Business

1 answer:

padilas [110]4 years ago

3 0

Answer:

B. 16.3 percent

Explanation:

The consumer price index in year 1 = 123

The consumer price index in year 2 =143

Now we have given two years consumer price index and from this information, we are required to find the percentage change in the consumer price index. Below is the formula to find the percentage change.

Percentage change in CPI = (Year 2 CPI – Year 1 CPI) / Year 1 CPI

Percentage change in CPI = (143 – 123 ) / 123

Percentage change in CPI = 0.1626 or 16.3%

Thus, Option “b” 16.3 Percent is correct.

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3 years ago

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3 years ago

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3 years ago

Calculating the Predetermined Overhead Rate, Applying Overhead to Production, Reconciling Overhead at the End of the Year, Adjus

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Answer:

Instructions are listed below

Explanation:

Giving the following information:

Estimated:

Overhead $160,000

Direct labor hours 80,000

Han uses normal costing and applies overhead based on direct labor hours.

For January, direct labor hours were 8,150.

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Overhead $166,000

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3 years ago