Explain at least two reasons why socioeconomic mobility in t…

Explain at least two reasons why socioeconomic mobility in the U.S. has declined in the past decades. Hint: socioeconomic mobility is measured as intergenerational earnings elasticity, i.e. the degree to which parents’ income determines their children’s income.

A company uses an activity-based costing system with three a…

A company uses an activity-based costing system with three activity cost pools. The company has provided the following data concerning its costs and its activity based costing system:   Overhead Costs:     Wages and salaries $ 321,000   Depreciation 308,000   Utilities 145,000   Total $ 774,000        Activity Cost Pools  Assembly Setting Up Other Total   Wages and salaries 55% 20% 25% 100%   Depreciation 20% 20% 60% 100%   Utilities 35% 60% 5% 100%   How much cost, in total, would be allocated in the first-stage allocation to the Assembly activity cost pool?

A company which has only one product, has provided the follo…

A company which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 435 Units in beginning inventory 0 Units produced 2,520 Units sold 2,360 Units in ending inventory 160 Variable costs per unit:   Direct materials $ 281 Direct labor $ 53 Variable manufacturing overhead $40 Variable selling and administrative expense $21 Fixed costs:   Fixed manufacturing overhead $378,000 Fixed selling and administrative expense $401,200 The company produces the same number of units every month, although the sales in units vary from month to month. The company’s variable costs per unit and total fixed costs have been constant from month to month.Required: Answer the following 4 questions. Label 4 rows in the answer area a., b., c., d. and answer the 4 questions. Bold your final answer but show all your work leading to the final answer.a. What is the unit product cost for the month under variable costing?b. What is the total contribution margin for the month using variable costing?c. What is the unit product cost for the month under absorption costing? d. If net operating income under variable costing is $ 125,000, what is the net operating income under absorption costing?     Use the reconciliation method.