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3 years ago

Which statistical function will be most helpful to a cost accountant trying to determine the best cost driver for an activity?.

1 answer:

7 0

The statistical function that will help to determine the best cost driver for an activity is called Activity Cost Driver.

<h3>What is an Activity Cost Driver?</h3>

This is an accounting term. It describes the factor which increases or decreases the cost of specific business activity such as labor, maintenance, and other variable costs.

Examples of Activity Cost Drivers are:

Machine setups
power consumed
quality inspections
production orders etc.

See the link below for more about Activity Cost Driver:

brainly.com/question/26165222

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A manufacturing unit uses all its resources efficiently

KiRa [710]

If a manufacturing unit uses all its resources efficiently, the production rate of the unit will increase. The waste produced will be minimized and more profit will be gained. The manufacturing unit will also have a greater opportunity of being improved.

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4 years ago

Calculate total GDP for this economy given the following components of supply. Round your answer to the nearest tenth and enter

Sav [38]

Answer:

The GDP Rounded to the answer to the nearest ten = $21 trillion

Explanation:

What Is GDP?

Gross Domestic Product (GDP) is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period. As a broad measure of overall domestic production, it functions as a comprehensive scorecard of the country’s economic health.

Though GDP is usually calculated on an annual basis, it can be calculated on a quarterly basis as well.

Using the The Expenditure Method - Aggregate Demand (AD) the formula for GDP is: 

GDP = C + I + G + (Ex - Im),

where “C” equals spending by consumers,

“I” equals investment by businesses,

“G” equals government spending and

“(Ex - Im)” equals net exports, that is, the value of exports minus imports.

GDP =

C = 3.8 + 2.7 + 12.2 = $18.7 trillion

I = 2.1 + 0

GDP = 18.7 + 2.1 = $20.8 trillion 

GDP = $20.8 trillion 

Rounding the answer to the nearest ten = $21 trillion

8 0

3 years ago

What is the value of (123)°?

Maksim231197 [3]

Explanation:

The value refers to the worth of each digit depending on where it lies in the number. We calculate it by multiplying the place value and face value of the digit. Value=Place Value × Face Value. For instance: If we consider a number 45.

5 0

3 years ago

Which player in the economy supplies labor in the factor market?

djyliett [7]

The player in the economy that supplies labor in the factor market is households.

Economists refer to all of the resources that firms utilize to buy, rent, or hire the equipment they use to generate goods or services as the "factor market."

The factors of production—raw materials, land, labor, and capital—are what are required to meet these needs.

The input market is another name for the factor market.

By this definition, all markets fall into one of two categories: those that provide businesses with the resources they require, or those that provide consumers with the goods and services they need to make purchases.

The market for finished goods or services is referred to as an output market, whereas a factor market is referred to as an input market.

This can be seen as a closed-loop flow where households are sellers and businesses are buyers in the factor market and vice versa in the market for goods and services.

Hence, The player in the economy that supplies labor in the factor market is households.

Learn more about supply:

brainly.com/question/4804206

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2 years ago

1. A computer game that can be purchased online and played right away has good ___ utility. A) form. B) info. C) value. D) time

gizmo_the_mogwai [7]

1.) Out of the choices given here, a computer game that can be purchased online and played right away has good time utility. The other choices didn't seem to be a good fit for this particular question. The correct answer is D.

2.) Hours of labor or the number of workers are common ways of measuring a company's division of labor. The correct answer is A, division of labor.

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3 years ago