Answer:
Production of consumer goods will be reduced
Explanation:
A Production possibility curve depicts all the possibilities of production of two goods in an economy wherein to produce an extra unit of one good, some part of production of second good needs to be sacrificed.
If an economy produces only two kinds of goods such as military goods and consumer goods, extra production of any of the two would require a corresponding sacrifice of the other. This points towards opportunity cost.
A typical production possibility curve is concave to the origin depicting opportunity cost.
If an economy decides to produce more of military goods with available resources remaining constant, it can only be achieved by sacrificing on the production of consumer goods.
Thus, production of consumer goods will reduce if more military goods are produced.
Answer:
Actual variable manufacturing overhead = $102,000
Variable cost variance = $-178,000
Explanation:
Number of parts produced = 40,000 parts
Standard variable manufacturing overhead rate = $35 per machine hour
Standard hours required per part = 0.20 machine hours
Actual machine hours = 3,250 machine hours
Actual variable manufacturing overhead costs = $102,000
Standard hour required to produce 40000 parts = 0.2 × 40000
= 8000 hours
Standard variable manufacturing overhead = 35 × 8000
= $280,000
The actual variable manufacturing overhead costs in April associated with the manufacturing the pool parts is $102,000
Variable cost variance = actual variable manufacturing cost - standard variable manufacturing cost
Variable cost variance = 102000 - 280000
= -178,000
Variable cost variance is $-178,000 (favourable)
B. A debt life insurance company
C. A mutual life insurance company
D. An exclusionary life insurance company
Jerry Lewis will go to a stock life insurance company.
A stock life insurance company is traded on an exchange such as the NYSE. By definition, a stock company is owned by its shareholders.
The amount of cash paid for salaries during the year was $275,000.
To determine the amount of cash paid for salaries, we need to calculate the change in salaries payable during the year.
Beginning Salaries Payable = $41,000
Ending Salaries Payable = $10,000
Change in Salaries Payable = Ending Salaries Payable - Beginning Salaries Payable
Change in Salaries Payable = $10,000 - $41,000 = -$31,000
Since the change in salaries payable is negative, it means that the company paid more in salaries than it accrued during the year.
To calculate the cash paid for salaries, we need to adjust the reported salaries expense by the change in salaries payable:
Cash Paid for Salaries = Reported Salaries Expense + Decrease in Salaries Payable
Cash Paid for Salaries = $244,000 - (-$31,000) = $275,000
Therefore, the amount of cash paid for salaries during the year was $275,000.
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Answer: what kind of ffa are you taking about
Explanation: