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Problem 1. Which of the following individuals are counted as unemployed?
a. A military soldier.
b. An adult who is out of work, wants a job, and applied to a job 2 weeks ago but not since then.
c. An adult in prison.
d. An adult who is out of work, wants a job, and applied to a job 5 weeks ago but not since then.
e. a and b only.
f. b and d only.
Problem 2. Complete the following equation: Unemployment Rate = (Unemployed/ ______________)*100
a. Employed.
b. Labor Force.
c. US adult population.
d. US population.
e. None of the above.
the subsequent questions are based on the given data- direct materials standard 5 pounds per unit at 2 per pound-
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The following events took place at a manufacturing company for the current year: Purchased $100,000 in direct materials. Incurred labor costs as follows: (a) direct, $58,500 and (b) indirect, $14,600. Other manufacturing overhead was $112,000, exclud..
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