zoelynn8386

13.10.2019 • 

Business

Tech solutions is a consulting firm that uses a job-order costing system. its direct materials consist of hardware and software that it purchases and installs on behalf of its clients. the firm’s direct labor includes salaries of consultants that work at the client’s job site, and its overhead consists of costs such as depreciation, utilities, and insurance related to the office headquarters as well as the office supplies that are consumed serving clients. tech solutions computes its predetermined overhead rate annually on the basis of direct labor-hours. at the beginning of the year, it estimated that 92,500 direct labor-hours would be required for the period’s estimated level of client service. the company also estimated $1,156,250 of fixed overhead cost for the coming period and variable overhead of $0.50 per direct labor-hour. the firm’s actual overhead cost for the year was $1,177,550 and its actual total direct labor was 97,750 hours. required: 1. compute the predetermined overhead rate. 2. during the year, tech solutions started and completed the xavier company engagement. the following information was available

Ответ:

jayy1474

31.03.2021

Business

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growth rate of real GDP = 4%

Growth rate of real GDP per capita  = 1.96 %

Explanation:

given data

economy’s real GDP year 1 = $30,000

economy’s real GDP year 2 = $31,200

to find out

growth rate of its real GDP and growth rate of real GDP per capita

solution

we get here growth rate of real GDP that is express as =

growth rate = (real GDP year 2 - real GDP year 1) ÷ real GDP year1   ......................1

put here value we get

growth rate of real GDP =

growth rate of real GDP = 4%

and

now we get first real GDP per capita that is express as

real GDP per capita =   ..........2

real GDP per capita year 1 =

real GDP per capita year 1 = 300

and

real GDP per capita year 2 =

real GDP per capita year 2 = 305.882

so now Growth rate of real GDP per capita  will be as

Growth rate of real GDP per capita  = ( real GDP per capita year 2 - real GDP per capita year 1  ) ÷ real GDP per capita year 1    ............3

put here value we get

Growth rate of real GDP per capita  =

Growth rate of real GDP per capita  = 1.96 %

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