Stage 1: trees are sold to lumber company. $6,000 stage 2: lumber is sold to furniture company. $19,000 stage 3: furniture company sells furniture to retail store. $24,000 stage 4: furniture store sells furniture to consumer. $52,000 instructions: enter your responses rounded to the nearest whole number. (a) what is the value added at each stage? stage 1: $ stage 2: $ stage 3: $ stage 4: $ (b) how much does this output contribute to gdp?

The following cost data relate to the manufacturing activities of chang company during the just completed year: manufacturing overhead costs incurred: indirect materials $ 15,800 indirect labor 138,000 property taxes, factory 8,800 utilities, factory 78,000 depreciation, factory 150,600 insurance, factory 10,800 total actual manufacturing overhead costs incurred $ 402,000 other costs incurred: purchases of raw materials (both direct and indirect) $ 408,000 direct labor cost $ 68,000 inventories: raw materials, beginning $ 20,800 raw materials, ending $ 30,800 work in process, beginning $ 40,800 work in process, ending $ 70,800 the company uses a predetermined overhead rate of $20 per machine-hour to apply overhead cost to jobs. a total of 20,500 machine-hours were used during the year. required: 1. compute the amount of underapplied or overapplied overhead cost for the year. 2. prepare a schedule of cost of goods manufactured for the year.

Which economic indicators are used to measure the global economy? check all that apply. a. purchasing power parity b. trade volumes c. spending power parity d. labor market data e. gross domestic product f. trade deficits and surpluses

Why has the free enterprise system been modified to include some government intervention?