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irina1246 [14]
2 years ago
14

When a tax is placed on a product, it’s_________increases, so it’s_________ may decrease. People react to the higher prices by b

uying _______.
Business
1 answer:
Ivan2 years ago
4 0

Answer:

<em>The answer is product, sales, similar products.</em>

Explanation:

Hope This Helps.

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NEED THIS ASAP
GaryK [48]

Answer:

When the economy reaches full real output, there is no spare capacity left and therefore as real output increases, the price level will increase. There are no workers left in the economy as full employment is reached.

5 0
3 years ago
What is the mean, to the nearest tenth, of the numbers 22, 22, 27, 29, 30, 34, and 38?
ICE Princess25 [194]
The answer is 28.9 because you add all the numbers together and divide by 7. The answer is 28.8 which rounds to 28.9.
8 0
3 years ago
Bird's Eye View manufactures three different sizes of bird cages: small (for finches and canaries), medium (for cockatiels and s
Lesechka [4]

Answer:

Step 1: Identify cost activities and their cost drivers

- Material Handling ⇒ Labor hours

- Automated processing ⇒ Machine hours

- Plastic parts insertion ⇒ No. of parts

- Inspection ⇒ Labor hours

- Packaging ⇒ Orders shipped

Step 2: Assign overhead costs to activities identified

- Material Handling ⇒ $55,000

- Automated processing ⇒ $40,000

- Plastic parts insertion ⇒ $6,000

- Inspection ⇒ $29,000

- Packaging ⇒ $31,000

Step 3: Calculate Total Estimated Cost Driver Activity(for large cage only)

- Material Handling ⇒ 2 per unit × 350 = 700 labor hours

- Automated processing ⇒ 4 per unit ×350 = 1400 machine hours

- Plastic parts insertion ⇒ 8 per unit × 350 = 2800 no. of parts

- Inspection ⇒ 2 per unit × 350 = 700 labor hours

- Packaging ⇒ 180 orders shipped

Step 4: Calculate overhead rates

- Material Handling ⇒ $55,000 ÷ 700 = $79 per labor hour

- Automated processing ⇒ $40,000 ÷ 1400 =$28 per machine hour

- Plastic parts insertion ⇒ $6,000÷ 2800 = $2 per part

- Inspection ⇒ $29,000÷ 700= $42 per labor hour

- Packaging ⇒ $31,000 ÷ 180=$172 per order shipped

Step 5: Apply overheads to product

Since the the amount of activity consumed by each product is no given , it is unable to calculate per unit cost of overhead.

If it were given, the total activity consumed by the product would be multiplied by their respective activity rates calculated above, and then those amounts would be added together to get total overhead consumed by Large cage. Lastly, that total overhead  will be divided by no. of units produced to get per unit overhead cost.

7 0
3 years ago
Hassock Corp. produces woven wall hangings. It takes 4 hours of direct labor to produce a single wall hanging. Hassock standard
navik [9.2K]

Answer:

Efficiency variance  =$9,860   unfavorable

Explanation:

Labour efficiency variance is the difference between the actual time taken to achieve a given production output less the standard hours allowed for same multiplied by the standard labour rate

                                                                                                  Hours

11,900 units should have take (11,900× 4hrs)                          47,600                      

but did take                                                                              <u>48,180</u>

Difference                                                                                   580  unfavorable

Standard hours                                                                     <u> ×   $17 </u>

Efficiency variance                                                           <u>$9,860   unfavorable</u>

5 0
3 years ago
Information technology has been used to improve both internaland external access and sharing of information. Three main kinds of
Mashcka [7]

Answer:

1. Executive Information System (EIS).

2. Corporate Portal.

3. Intranet.

Explanation:

Information technology (IT) can be defined as a set of components or computer systems, which is used to collect, store, and process data, as well as dissemination of information, knowledge, and distribution of digital products.

An information technology (IT) interacts with its environment by receiving data in its raw forms and information in a usable format.

Information technology (IT) has significantly helped to improve both internal and external access and sharing of information between two or more business firms and individuals. Basically, there are three (3) main kinds of information technology (IT) which allow informations to be accessed and shared internally among employees; executive information systems (EIS), intranets, and portals.

1. Executive Information System (EIS): it assist managers working in an organization to monitor and analyze organizational performance. An Executive information system is also referred to as an Executive support system and it can be defined as a management support system that enhances and supports all of the senior executive information and decision-making process.

2. Corporate Portal: it's a hybrid system that uses a web address (uniform resource locator-URL) to give employees access to customized information and specialized transactions with respect to an organization.

3. Intranet: it's an internal company network which is private and provides employees with easy access to information.

8 0
2 years ago
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