The appropriate concept to use when seeking to measure production and its change over time. nothing 1 Real GDP Economists focus on this statistic when they wish to assess the performance of the economy from year to year. nothing 2 GDP The sum of the quantities of final goods produced times their current prices. nothing 3 Real GDP This variable is generally considered to be a reasonably good indicator of the average standard of living. nothing 4 GDP

What is the most important factor that affects the value of a company? a) cash flow b) earnings c) supply and demand d) number of employees

Nichols inc. manufactures remote controls. currently the company uses a plantminuswide rate for allocating manufacturing overhead. the plant manager is considering switchingminusover to abc costing system and has asked the accounting department to identify the primary production activities and their cost drivers which are as follows: activities cost driver allocation rate material handling number of parts $5 per part assembly labor hours $20 per hour inspection time at inspection station $10 per minute the current traditional cost method allocates overhead based on direct manufacturing labor hours using a rate of $20 per labor hour. what are the indirect manufacturing costs per remote control assuming an method is used and a batch of 10 remote controls are produced? the batch requires 100 parts, 5 direct manufacturing labor hours, and 3 minutes of inspection time.

Why do police officers get paid less than professional baseball players?