3. the classical dichotomy and the neutrality of money the classical dichotomy is the separation of real and nominal variables. the following questions test your understanding of this distinction. megan spends all of her money on comic books and beignets. in 2010 she earned $18.00 per hour, the price of a comic book was $9.00, and the price of a beignet was $1.00. which of the following give the nominal value of a variable? check all that apply. megan's wage is $18.00 per hour in 2010. the price of a beignet is 0.11 comic books in 2010. megan's wage is 2 comic books per hour in 2010. which of the following give the real value of a variable? check all that apply. megan's wage is 18 beignets per hour in 2010. the price of a comic book is $9.00 in 2010. megan's wage is $18.00 per hour in 2010. suppose that the fed sharply increases the money supply between 2010 and 2015. in 2015, megan's wage has risen to $36.00 per hour. the price of a comic book is $18.00 and the price of a beignet is $2.00. in 2015, the relative price of a comic book is . between 2010 and 2015, the nominal value of megan's wage and the real value of her wage . monetary neutrality is the proposition that a change in the money supply nominal variables and real variables.

Sweeten company had no jobs in progress at the beginning of march and no beginning inventories. the company has two manufacturing departments--molding and fabrication. it started, completed, and sold only two jobs during march—job p and job q. the following additional information is available for the company as a whole and for jobs p and q (all data and questions relate to the month of march): molding fabrication total estimated total machine-hours used 2,500 1,500 4,000 estimated total fixed manufacturing overhead $ 10,000 $ 15,000 $ 25,000 estimated variable manufacturing overhead per machine-hour $ 1.40 $ 2.20 job p job q direct materials $ 13,000 $ 8,000 direct labor cost $ 21,000 $ 7,500 actual machine-hours used: molding 1,700 800 fabrication 600 900 total 2,300 1,700 sweeten company had no underapplied or overapplied manufacturing overhead costs during the month. required: for questions 1-8, assume that sweeten company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. for questions 9-15, assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. 1. what was the company’s plantwide predetermined overhead rate? (round your answer to 2 decimal places.) next

The purpose of safety stock is to: a. eliminate the possibility of a stockout. b. control the likelihood of a stockout due to variable demand and/or lead time. c. eliminate the likelihood of a stockout due to erroneous inventory tally. d. protect the firm from a sudden decrease in demand. e. replace failed units with good ones.

Adamson company manufactures four lines of garden tools. as a result of an activity analysis, the accounting department has identified eight activity cost pools. each of the product lines is produced in large batches, with the whole plant devoted to one product at a time. classify each of the following activities or costs as either unit-level, batch-level, product-level, or facility-level. activities (a) machining parts. (b) product design. (c) plant maintenance. (d) machine setup. (e) assembling parts. (f) purchasing raw materials. (g) property taxes. (h) painting.