Other Economics Answers

Directions: Construct and improvise a Statement of Comprehensive Income using the following

format and calculated values:

The Marriam Company has the following SCI balances at the end of the year. Prepare an

SCI which contains the determination of net income and comprehensive income for the period.

Gross Profit = ₱ 2,580,750

Operating Profit = ₱ 1,554,330

Income Tax Expense = 25% of Operating Profit

Comprehensive Income = ₱ 2,000,000

Let x1, x2, ...xn be a random sample of the size n from normal distribution with mean and variance. Find the maximim likelihood estimator

Suppose at the current scenario of the NZ economy, the unemployment rate is forecasted to fall in the next two quarters. Inflation is predicted to rise and the average hourly wage to rise during these quarters. In such circumstances, based on the regression what do you think will happen to the overall health-cost of the Māori? Will it be predicted to rise or fall?

what is economics

Important social and economic needs

Question 5

ABC Bhd produces Product X, which incurs expected overheads of RM80,000 per annum. The estimated number of labour hours worked in the department is 80,000. What is the overheads absorption rate per labour hour? If the company takes 2 hours to produce Product X, what will be the amount of overheads charged to Product X? 

Question 2

Infotech Bhd produces 20,000 units and sell 18,000 units oF microchips in a period. There are no opening inventory in the period. The total cost of production is RM20 each made up of a variable cost per unit of RM15 and fixed cost per unit of RM5. The selling price per unit of microchip is RM35.

Required: What will be the difference in profit calculated using absorption and variable costing principle?

Question 3

Bestgoods Bhd had an opening inventory of 13,200 units and aclosing stock 28,200 units in a period. The variable costing income reported was RM100800 and the reported income underabsorption costing was RM120,300.

Required: Based on information, determine the fixed overheads absorption rate per unit.

Question 4

ABC Bhd estimates to produce 40,000 units of Product X and the standard production

overheads for the next month is estimated to be RM80,000. What is the overheads absorption rate based on the standard number of units to be produced?

Discuss the importance of agriculture on South African economy