One economic trend influencing Charles and Ebony's budget, especially their inability to afford goods and services, is inflation or rising costs.
What is an economic trend?An economic trend is a pattern of economic activities, which are usually formed and interpreted by economists from some sets of data.
Inflation is defined as the general increase in the prices of basic goods and services, like transportation, health care, food, and housing.
Inflation digs holes in the purchasing power of individuals, businesses, and governmental bodies in an economic system.
Thus, one economic trend influencing Charles and Ebony's budget, especially their inability to afford goods and services, is inflation or rising costs.
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The journal entry to record the amortization of a bond discount would include a __________ to __________.
a. debit; Discount on Bonds Payable
b. credit; Discount on Bonds Payable
c. credit; Interest Expense
d. debit; Cash
Answer:
b. credit; Discount on Bonds Payable
Explanation
Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows: Direct materials: 4 pounds at $8 per pound$ 32 Direct labor: 2 hours at $16 per hour32 Variable overhead: 2 hours at $6 per hour12 Total standard cost per unit$ 76 The planning budget for March was based on producing and selling 32,000 units. However, during March the company actually produced and sold 37,000 units and incurred the following costs: Purchased 160,000 pounds of raw materials at a cost of $7.40 per pound. All of this material was used in production. Direct laborers worked 67,000 hours at a rate of $17 per hour. Total variable manufacturing overhead for the month was $422,100. rev: 11_20_2017_QC_CS-109672 6. If Preble had purchased 182,000 pounds of materials at $7.40 per pound and used 160,000 pounds in production, what would be the materials quantity variance for March
The materials quantity variance for March for Preble Company, which manufactures a product, is $96,000 Unfavorable.
What is a materials quantity variance?A material quantity variance shows the difference between the actual materials consumed and the budgeted amount in production.
Computing the materials quantity variance helps management to determine the production efficiency.
The materials quantity variance can be computed using the following formula:
Materials Quantity Variance = (Standard Quantity Units – Actual Quantity Units ) ✕ Standard Cost Per Unit.
Data and Calculations:Planned production and sales units = 32,000 units
Actual production and sales units = 37,000 units
Standard Costs:Direct materials: 4 pounds at $8 per pound $ 32
Direct labor: 2 hours at $16 per hour 32
Variable overhead: 2 hours at $6 per hour 12
Total standard cost per unit $ 76
Actual Costs:Purchase of raw materials = 160,000 pounds
Cost of purchase per pound = $7.40
Direct labor hours = 67,000 hours
Direct labor rate = $17 per hour
Total variable manufacturing overhead = $422,100
Materials Quantity Variance = (Standard Quantity Units – Actual Quantity Units ) ✕ Standard Cost Per Unit.
= (37,000 x 4 - 160,000) x $8
= $96,000 Unfavorable
Thus, the materials quantity variance for March for Preble Company is $96,000 Unfavorable.
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What happens if you still have a
balance on your credit card AFTER the
company starts charging you interest?
A. The bank will extend the 0% APR so you don't pay
interest.
B. The bank will offer you a 0% so they make no money
off you.
C. The bank will make your interest payments for you.
D. The bank will make money from the interest fees you
pay.
Answer:
its A.
Explanation:
An oligopoly can be described as an industry in which _____ .
Select one:
a) 7-9 companies produce half of the output
b)one company produces most of the output
c)3-5 companies produce most of the output
d)7-9 companies produce most of the output
Answer:
c
Explanation:
(C) 3-5 companies produce most of the output.
Oligopoly:A market structure known as an oligopoly occurs when a few large sellers or manufacturers control a sizable portion of a market or an entire sector. Oligopolies are frequently the outcome of corporate collaboration as a way to increase profits. Because of the decreased competition, customers will pay more and workers will earn less.Many industries, including civil aviation, energy providers, the telecommunications industry, rail freight markets, food processing, funeral services, sugar refining, beer production, pulp and paper manufacturing, and auto manufacturing, have been identified as being oligopolistic.Therefore, an oligopoly can be described as an industry in which (C) 3-5 companies produce most of the output.
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Inventoriable costs are Group of answer choices only purchased goods for resale. a category of costs used only for manufacturing companies. recorded as expenses when incurred and later reclassified as assets. recorded as assets when incurred.
Inventoriable costs are often recorded as assets immediately they are incurred.
What is Inventoriable costs?Inventoriable costs can be defined as those cost that has to do with the production of goods.
Inventoriable costs is an asset on the balance sheet based on the fact that the goods or product are often set ready in order to be sold at a specific period of time .
Examples of Inventoriable costs are:
Direct laborDirect materialsInconclusion Inventoriable costs are often recorded as assets immediately they are incurred.
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If $1,000 was deposited today at a rate of 15%, its future value in one year would be
$1,000.
$1,150.
$1,500.
$850.
Answer:
$1,150.
Explanation:
First, we find what that 15% is by setting an equation:
[tex]\frac{15}{100} \times \frac{1000}{1}[/tex]
This gives us: $150
Now, we just add that to the deposited money.
$1000 + $150 = $1,150
Hope this helps!
