Answer:
The price is $1,540
Explanation:
The reason is that the profit share is $1,100 and the cost includes computer chip, software and printer which are worth $150, $250 and $40.
The price can be calculated using the following formula:
Price - Cost = Profit
Here profit is $1100 and cost is $440 (150+250+40)
By putting the values we have:
Price - $440 = $1100
Price = $1100 + $440 = $1540
If the MPC is 0.80 and disposable income increases from 32,000 billion to $37,000 billion, then consumption will increase by: B. $29,600 billion.
<h3>Increase in consumption</h3>
Using this formula=Increase in disposable income×MPC
Where:
Increase in disposable income=$37,000
MPC=0.80
Let plug in the formula
Increase in disposable income=$37,000 billion×0.80
Increase in disposable income=$37,000 billion×0.80
Increase in disposable income=$29,600 billion
Therefore consumption will increase by: B. $29,600 billion.
Learn more about increase in consumption here:brainly.com/question/6955443
<h3 />
Answer:
d) $38,000 Debit balance.
Explanation:
Predetermined overhead rate = Estimated Total Overhead Costs / Estimated Direct Labor Costs
= $472000 / $2,360,000
= 0.2
= 20% of direct labor costs.
Applied overheads = (20%*Actual direct labor costs)
Applied overheads = 20% * $1,980,000
Applied overheads = $396,000
So, Overhead under-applied = $434,000 - $396,000 = $38,000 (Debit)
