6. (a)
A food manufacturing company has a normal wastage as animal feed
at the rate of 5% per 100kg. in a given period, the following was recorded:
Input material 32,800kg at N10 per kg
Labour loverhead N579,200
(a) Assuming that loses were at a normal level, compute the cost
per kg.
(5 marks)
(b) Assume the same data as above, except that total production at the
end of the day was 30,000 kg. Compute the abnormal loss and show the
relevant accounts.
(10 marks)
(c) Assume the same data as (a) above, except that the actual loss is
1000kg. show the relevant accouts with regards to this loss.
(d) What do you understand by normal loss and abnormal loss with
examples?
(15 marks)

Which of the following best explains cost-push inflation? a. increasing wages for workers drive up the cost of production, forcing producers to charge more to meet their costs. b. consumers demand goods faster than they can be supplied, increasing competition among buyers. c. rising prices for goods and services reduce spending power and cut into consumer demand. d. wages drop so that workers have to spend a higher percentage of income on the cost of necessities.2b2t

Suppose that kenji, an economist from an am talk radio program, and lucia, an economist from a school of industrial relations, are arguing over health insurance. the following dialogue shows an excerpt from their debate: lucia: a popular topic for debate among politicians as well as economists is the idea of providing government assistance for health benefits. kenji: i think it is oppressive for the government to tax people who take care of themselves in order to pay for health insurance for those who are obese. lucia: i disagree. i think government funding of health insurance is useful to ensure basic fairness. the disagreement between these economists is most likely due to . despite their differences, with which proposition are two economists chosen at random most likely to agree? lawyers make up an excessive percentage of elected officials. minimum wage laws do more to harm low-skilled workers than them. tariffs and import quotas generally reduce economic welfare.

Identify the three components of a family's culture and provide one example from your own experience