Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Each unit requires 0.25 direct labor-hours and direct laborers are paid $14.00 per hour. In addition, the variable manufacturing overhead rate is $1.60 per direct labor-hour. The fixed manufacturing overhead is $95,000 per quarter.
Direct labor per unit= 0.25*14= $3.5
Direct labor equation= 3.5*x
x= units produced
For example:
100 units
Direct labor= 3.5*100= $350
Answer:
The merchandise should be reported on the U.S. Company's December 31, 2020 balance sheet at:
b. $1,050
Explanation:
a) Data and Calculations:
November 30, 2020 Inventory purchase = CHF1,000
Exchange rate on this date = $1.05/CHF
Inventory worth = $1.05 * CHF1,000 = $1,050
b) The inventory should be reported on December 31, 2020 at $1,050. It does not need to be reported at a value above or below this. Even, the debt owed to the Swiss supplier will be reported at this price. It is when payment for the invoice is being made on February 1, 2021 that consideration will be given to the exchange rate at which payment is made.
Answer:
Raw materials used during November was $34,800.
Explanation:
The formula for Raw Materials Used is given below:
Opening Raw Materials + Purchases - Closing Raw Materials = Raw Materials Used
Putting Values:
⇒ Raw Materials Used = 7,600 + 31,500 - 4,300 = $34,800.
Thanks!
Answer:
The government can reduce GDP by either:
- lowering government expenses
- increasing taxes which will lower consumption
- or a combination of both
Explanation:
currently total GDP = $100 billion (C) + $40 billion (I) + $20 billion (G) + $10 billion (X) = $170 billion
since the full employment GDP = $120 billion, the government must lower the GDP by $50 billion before inflation starts to rise.
The government can reduce GDP by either:
- lowering government expenses
- increasing taxes which will lower consumption
- or a combination of both
We aren't given any more information regarding MPC or MPS, so it is not possible to calculate by how much should government spending be lowered or taxes increased.
Price level.
The aggregate demand curve represents the total quantity of all goods (and services) demanded by the economy at different price levels
