Let’s sum up some basic facts of U. S. economic history with numbers: a. First, let's measure the size of the Great Depression: Year Real GDP Price level 1929 (Peak) $323 Billion 33 1933 (trough) $206 Billion 24 Calculate the percent change in real GDP and the percent change in the price level 1929 to 1933. First, calculate the total change, and then divide it by the number of years to get the more typical measure of "percent per year." Round your answers to the nearest percent. (Note: This is four full years, not three or five.)

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Computing equivalent units is especially important for: (a) goods that take a relatively short time to produce, such as plastic bottles. (b) goods with sustainability implications in their production processes. (c) goods that are started and completed during the same period. (d) goods that take a long time to produce, such as airplanes.

Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget.the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead.a total of 119,300 units, using 478,000 direct labor hours, were produced during the year.actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.