Answer:
<u>a. $2,673 over applied</u>
Explanation:
a. Remember, it was mentioned that the company's predetermined overhead rate is $81 per hour of bandsaw use, although the actual hours of bandsaw use 153.
Calculating the results we have $2,673 over applied (actual value= $81*153-$15,066).
b. In preparing an income statement all underapplied overhead would be recorded as a prepaid expense on the balance sheet and then corrected through increasing cost of goods sold at the end of the time period.
Answer:
Residual supply = Quantity supplied - Quantity demanded = (p - 20)/0.02 - (80 - p)/0.02
= (p - 20 - 80 + p)/0.02 = (2p - 100)/0.02 = 100p - 5000
So, Excess or residual supply function is: A) Sr(p) = - 5000 + 100p
At price of $ 60, Excess supply = - 5000 + 100(60) = - 5000 + 6000 = 1000
Explanation:
Answer:
A decrease in labor force participation rate
Explanation:
The workers which are discouraged can opt out of the labor market since there is no incentive for them work anymore. The workers choosing to go out of the labor market will decrease the overall labor force participation rate. The unemployment rate can also be affected but the main effect would be on labor force participation rate
A group of sellers who agree to restrict their collective output in order to drive up prices above marginal costs is known as a:
According to the given question, we are asked to show the term which can be best used to <em>describe </em>a group of sellers who make an agreement to <em>reduce their collective output</em> so that price of goods would increase above their marginal costs.
As a result of this, we can see that this group of people in the business world are known as cartel because they behave unethically so that they could have increased profit on sales.
Read more here:
brainly.com/question/15294015
Answer:A) one year
Explanation: The unbiased expectations theory, also known as the expectation theory aims to estimate how much the short term interest rates will amount to in future. This is based on long term interest rates. Forward rates are used to predict the value of interests in the future based on the values calculated today. A maturity of 1 year has the lowest interest rate because it is not given enough time to grow. Interest rates tend to grow better over a longer period of time. Therefore in terms of expectation theory the longer the maturity the better the chances of interest rate growth.