Why wouldn't giving yourself a manicure count as GDP for the United States?​

Answers

Answer 1
Because GDP is Gross Domestic Product which is the monetary measure of the market value of all final goods and services produced in a specific time period. Therefore, giving yourself a manicure does not cause anything to change or benefit anything except for how your nails look

Related Questions

difference between transport business and drink business​

Answers

Answer:

a transport business uses (preferably semi's) any vehicles to transport one item from one place to another. a drink business is a place/product ( drinks (soft or alcoholic) and you sell them to make a profit

transport business is both cheaper and easy to set up and run.

Flash ECard Manufacturing manufactures software parts for the computer software systems that produce ecards. The Flash II part is currently manufactured in the Computer Department. The Data Department also produces the part and the plant has excess capacity to produce the Flash II part. The current market price of the Flash II part is​ $700. The managerial accountant reported the following manufacturing costs and variable expense​ data: Flash ECard Manufacturing Manufacturing Costs and Variable Expense Report Flash Component Direct materials ​$810 Direct labor ​$160 Variable manufacturing overhead ​$140 Fixed manufacturing overhead​ (current production​ level) ​$185 Variable selling expenses​ (only incurred on sales to outside​ consumers) ​$136 If the highest acceptable transfer price is​ $700 in the​ market, what is the lowest acceptable inhouse price the Data Department should receive to produce the part inhouse at the Computer​ Department? "810"

Answers

Answer:

the  lowest acceptable inhouse price the Data Department is $1,110

Explanation:

The computation of the lowest acceptable inhouse price the Data Department is shown below:

= Direct materials + direct labor + Variable manufacturing overhead

= $810 + $160 + $140

= $1,110

Hence, the  lowest acceptable inhouse price the Data Department is $1,110

The above formula should be applied for determining the lowest acceptable inhouse price is as follows:

In the Assembly Department of Concord Company, budgeted and actual manufacturing overhead costs for the month of April 2020 were as follows. Budget Actual Indirect materials $15,700 $15,100 Indirect labor 21,900 22,500 Utilities 10,100 10,900 Supervision 5,900 5,900 All costs are controllable by the department manager. Prepare a responsibility report for April for the cost center.

Answers

Answer: See explanation

Explanation:

The responsibility report for April for the cost center is analysed below:

CONCORD COMPANY

Manufacturing Overhead Cost Responsibility Report For the Month Ended April 30, 2020

Controllable Cost Budget Actual.

Difference

Indirect materials $15,700 $15,100 $600 Favorable

Indirect labor 21,900 22,500 600 Unfavorable

Utilities 10,100 10,900 800 Unfavorable

Supervision 5,900 5,900 0

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