eted tota Total direct Labor Hours 41.90 per Direct Labor hour 52 b) Account Title& Explanation Credit 160,000 160,000 To record raw matenial purchased on account 58 b Salaries &Wages Payable To record direct and indirect wages) made) 1 d 5 e) Work in process (400 520) 41.90 Manufacturing Overhead 79 1) Cost of Goods Sold To close overapplied overheads to cost of goods sold) 91 d Manufacturing Overhead (52041.90 Total Cost of unfinished pergola 96 e) Work in Process 2000 72.66 105,788 Question 3 In a three-industry economy, it is known that industry I uses 20 cents of its own product. cents of commodity II and 10 cents of commodity II to produce a dollar's worth of of commodity I and commodity I; industry II uses 1 30 10 cents of its own product, 30 cents cents of commodity III to produce a dollar's worth of commodity II; industry Ill uses 20 cents of its own product, 20 cents of commodity produce a dollar's worth of commodity IlI a I and 20 cents of commodity II to nd the final demands are S10 Billion of commodity .35 billion of commodity II, and So billion of commodity t1l. Let the input coefficient matrix a bl of commodity I1, and S6 hillion of commodity 1lIl Let the input- t[0.2 0.3 0.21 A | 0.4 0.1 0.2 ,0 | 7 0.1 0.3 0.26 a. Find the output levels of the three industries by the matrix inversion method. b. What will be the output levels if the final demands for commodities I, II, and III are 30, 15, and 10, respectively (all in billions of dollars). c) The following transition matrix indicates the annual shifts in population within three regi namely region P, Q, and R, in a country: 0.90 0.06 0.041 T- 0.08 0.86 0.06 0.03 0.02 0.95 (i) Interpret each element in the second row of matrix T. (ii) Determine the equilibrium relative population shares of the three regions. 02 08 0.2 eted tota Total direct Labor Hours 41.90 per Direct Labor hour 52 b) Account Title& Explanation Credit 160,000 160,000 To record raw matenial purchased on account 58 b Salaries &Wages Payable To record direct and indirect wages) made) 1 d 5 e) Work in process (400 520) 41.90 Manufacturing Overhead 79 1) Cost of Goods Sold To close overapplied overheads to cost of goods sold) 91 d Manufacturing Overhead (52041.90 Total Cost of unfinished pergola 96 e) Work in Process 2000 72.66 105,788 Question 3 In a three-industry economy, it is known that industry I uses 20 cents of its own product. cents of commodity II and 10 cents of commodity II to produce a dollar's worth of of commodity I and commodity I; industry II uses 1 30 10 cents of its own product, 30 cents cents of commodity III to produce a dollar's worth of commodity II; industry Ill uses 20 cents of its own product, 20 cents of commodity produce a dollar's worth of commodity IlI a I and 20 cents of commodity II to nd the final demands are S10 Billion of commodity .35 billion of commodity II, and So billion of commodity t1l. Let the input coefficient matrix a bl of commodity I1, and S6 hillion of commodity 1lIl Let the input- t[0.2 0.3 0.21 A | 0.4 0.1 0.2 ,0 | 7 0.1 0.3 0.26 a. Find the output levels of the three industries by the matrix inversion method. b. What will be the output levels if the final demands for commodities I, II, and III are 30, 15, and 10, respectively (all in billions of dollars). c) The following transition matrix indicates the annual shifts in population within three regi namely region P, Q, and R, in a country: 0.90 0.06 0.041 T- 0.08 0.86 0.06 0.03 0.02 0.95 (i) Interpret each element in the second row of matrix T. (ii) Determine the equilibrium relative population shares of the three regions. 02 08 0.2
