All categories

3 years ago

Use the following information to work Problems 8 and 9.

Business

1 answer:

IRISSAK [1]3 years ago

8 0

Answer:

Change in CPI = 0.092%

Explanation:

As we know that ,

CPI - Consumer price index

As given,

CPI is fell down by 0.1%

the weight on energy prices in the CPI is 8%

If energy is not changed means energy is constant , then

Change in CPI = 0.1% - (0.1%)(8%)

= 0.001 - (0.001)(0.08)

= 0.001 - (0.00008)

= 0.00092

= 0.092%

⇒Change in CPI = 0.092%

You might be interested in

DL and MOH budget: The Production Department of Top of The World Corporation has submitted the following forecast of units to be

alexira [117]

Answer and Explanation:

a. The computation of the total estimated direct labor cost is shown below:

Particulars 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year

Units to be produced 10,700 9,700 11,700 12,700 44,800

Multiply Direct labor hour per unit 0.25 0.25 0.25 0.25 0.25

Total Direct labor hour required 2675 2425 2925 3175 11200

Multiply Direct labor rate per hour $14 $14 $14 $14 $14

Estimated Direct labor cost $37,450 $33,950 $40,950 $44,450 $156,800

b. The total estimated manufacturing cost and the cash disbursement is shown below:

Particulars 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year

Units to be produced 10,700 9,700 11,700 12,700 44,800

Direct labor hour per unit 0.25 0.25 0.25 0.25 0.25

Multiply Total Direct labor hour required 2675 2425 2925 3175 11200

Variable manufacturing overhead rate $2 $2 $2 $2 $2

Estimated Variable manufacturing overhead cost $5,350 $4,850 $5,850 $6,350 $22,400

Add: Fixed manufacturing overhead $67,000 $67,000 $67,000 $67,000 $268,000

Total estimated manufacturing overhead $72,350 $71,850 $72,850 $73,350 $290,400

Less: depreciation $16,000 $16,000 $16,000 $16,000 $64,000

Cash disbursement for manufacturing overhead $56,350 $55,850 $56,850 $57,350 $226,400

We simply applied the above format to find out the manufacturing overhead, cash disbursement, and the direct labor cost

7 0

3 years ago

Water Technology, Inc. Incurred the following costs during 20xt. The company sold all f ts products manufactured during the year

Thepotemich [5.8K]

Answer:

Part 1

Variable Costs

Direct material $5,000,000

Direct labor $2,400,000

Fixed Costs

Utilities (primarily electricity) 120,000

Depreciation on plant and equipment 220,000

Insurance 150,000

Supervisory salaries 400,000

Property taxes 230,000

Salaries of top management and staff 372,000

Office supplies 45,000

Depreciation on building and equipment 80,000

Part 2

Forecast the 20x2 cost amount for each of the cost items listed

Direct material ($5,000,000 x 1.20) $6,000,000

Direct labor (2,400,000 x 1.20) $2,880,000

Utilities (primarily electricity) $120,000

Depreciation on plant and equipment $220,000

Insurance $150,000

Supervisory salaries $400,000

Property taxes $230,000

Salaries of top management and staff $372,000

Office supplies $45,000

Depreciation on building and equipment $80,000

Explanation:

Variable Costs vary with the level of production. Examples are Direct Materials and Direct labor.

Fixed Costs remain constant for any production level. Examples are Depreciation and Utilities such as electricity.

A growth in Sales will affect the Variable Costs only. As production increases to meet the 20 percent growth in sales so do these costs since they vary in direct proportion to the level of production.

4 0

3 years ago

Reagan Corp. acquired one hundred percent of Ford Inc. on January 1, 2016, at a price in excess of the subsidiary's fair value.

Artyom0805 [142]

Answer:

B. $497,000

Explanation:

Consolidated Balance of Equipment

Excess value at the acquisition $110,000

($350,000-$240000)

Book value as on Dec 31 2018 of Ford $170,000

Book value as on Dec 31 2018 of Regent $250,000

Less: excess depreciation -$33,000 ($110,000/10*3)

Consolidated balance of equipment $497,000

3 0

3 years ago

Hich best explains how the law of demand affects consumers?

Anuta_ua [19.1K]

Answer:

It helps consumers tell producers when prices are too high.

Explanation:

The law of demand affirms that an increase in price results in reduced demand. It means that when prices increase, consumers will buy fewer quantities of a product or service. The law of demand shows the relationship between price and the quantity of a product consumers are willing to buy in the market.

Consumers can communicate with producers through the volume of products purchased. When the quantity purchased is low, producers will know the set prices are high.

8 0

3 years ago

In comparison to salespersons at low performing organizations, salespersons at high performing organizations: Group of answer ch

JulsSmile [24]

Answer:

The correct answer is: spend more time with their best potential customers always work in teams

Explanation:

Salespeople from high-performance organizations differ from salespeople in low-performance organizations in that they focus on their best customers and develop teamwork.

This strategy of focusing on the potential customer consists of establishing relationship marketing.

That is, direct your efforts to build a relationship with the consumer, which is the key to creating value for a brand.

The creation of a relationship with the consumer consists of offering products and services totally aligned to their needs and desires, to offer a more personalized and effective service to increase the perception of the brand and position it in the market.

Teamwork is also essential in a high-performance organization, as it creates a positive organizational culture focused on the development of ideas, creativity and innovation, essential to offer an efficient and effective sales service.

7 0

3 years ago