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3 years ago

Inflation indicates that

Business

1 answer:

mart [117]3 years ago

4 0

Answer:

the Consumer Price Index is rising

Explanation:

The CPI measures the rate of inflation, which is one of the greatest threats to a healthy economy. Inflation eats away at your standard of living if your income doesn't keep pace with rising prices—your cost of living increases over time. A high inflation rate can hurt the economy.

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During a resuscitation, the team leader assigns team roles and tasks to each member. You recognize that a task has been overlook

GalinKa [24]

Answer:

fill that overlooked role

Explanation:

In a scenario such as this one, the most appropriate action would be to fill that overlooked role. During a resuscitation, every second counts and all the members of a team are trained to handle these situations, therefore if a role has been overlooked by the team leader the other members need to fill that role as quickly as possible as long as they are not currently occupied with another role. Doing so will save time and potentially a life.

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3 years ago

As workers demand higher wages to produce automobiles, how will this influence the automobile market?

Natali [406]

Market supply would decrease because costs of production would be higher

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3 years ago

If you want to start a fire using sunlight, which kind of mirror would be most efficient

telo118 [61]

A concave mirror because a concave mirror can focus light rays to a point

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3 years ago

A variable cost a. is synonymous with labor costs b. changes in the same direction and in direct proportion to changes in operat

pishuonlain [190]

Answer:

b. changes in the same direction and in direct proportion to changes in operation activity.

Explanation:

Variable costs are expenses that vary with changes in production level. A variable cost is attached to the production of a particular product or service. An example of variable cost is the raw material expense. As the production level rises, more raw materials will be needed for production.

The relationship between variable costs and output level is direct and proportional. An increase in output requires more materials and other consumables. As variable costs are associated with the production process, an increase or decrease in production level results in a similar or increase or decrease in variable costs.

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3 years ago

During the first month of operations ended August 31, Kodiak Fridgeration Company manufactured 48,000 mini refrigerators, of whi

Anvisha [2.4K]

Answer:

Part a.

Income statement based on the absorption costing concept.

Sales $8,800,000.00

Less Cost of Sales

Beginning Inventory $0

Add Manufacturing Cost $6,048,000.00

Less Ending Inventory ($504,000.00) ($5,544,000.00)

Gross Profit $3,256,000.00

Less Expenses :

Selling and administrative expenses:

Variable $528,000.00

Fixed $352,000.00 ($880,000.00)

Net Income/(loss) $2,376,000.00

Part b.

Income statement based on the variable costing concept.

Sales $8,800,000.00

Less Cost of Sales

Beginning Inventory $0

Add Manufacturing Cost $5,520,000.00

Less Ending Inventory ($460,000.00) ($5,060,000.00)

Contribution $3,740,000.00

Less Expenses :

Fixed manufacturing cost $528,000.00

Selling and administrative expenses:

Variable $528,000.00

Fixed $352,000.00 ($1,408,000.00)

Net Income/(loss) $2,332,000.00

Part c.

Reason : Fixed Costs deferred in Ending Inventory in Absorption Costing has resulted in a higher Income.

Explanation:

Units in Ending Inventory Calculation :

Production 48,000

Less Sales (44,000)

Ending Inventory 4,000

Absorption Costing Calcs

Variable Manufacturing Costs

Direct materials $3,360,000.00

Direct labor $1,344,000.00

Variable manufacturing cost $816,000.00

Fixed manufacturing cost $528,000.00

Total $6,048,000.00

Ending Inventory = $6,048,000.00 × 4,000 / 48,000

= $504,000

Variable Costing Calcs

Variable Manufacturing Costs

Direct materials $3,360,000.00

Direct labor $1,344,000.00

Variable manufacturing cost $816,000.00

Total $5,520,000.00

Ending Inventory = $5,520,000.00 × 4,000 / 48,000

= $460,000

4 0

3 years ago