Answer:
The overhead application rate is 1.8
Explanation:
In the question both the estimated and actual overhead cost , material and labor cost are provided -
ESTIMATED ACTUAL
Overhead cost $396,000 $418,000
Material cost $410,000 $413,200
Direct cost $220,000 $224,000
Overhead application rate can be calculated by dividing the total budgeted overhead cost by direct labor cost.
= Budgeted overhead cost / direct labor cost
= $396,000 / $220,000
= 1.8
Answer:
Descriptive
Explanation:
Descriptive headings are self-contained, which means that readers can skim through just the headings and subheadings and understand them without reading the rest of the document.
Descriptive headings highlights the important matter and main points of the content of the information and they are used to help readers to quickly spot the summary of the points to be communicated.
Furthermore, descriptive headings help readers find and understand information quickly which meets the required qualitative factors of the timeliness and comprehensibility of information.
We can find the number of ways by multiplying the amount
of possibility each store can have.
For store 1, it can be placed on 16 sites. Store 2 can be
placed on 15 sites (since store 1 is already on site 1). Store 3 can be placed
on 14 sites and so on until store 5 which has 12 sites.
Therefore the number of ways is:
C = 16 * 15 * 14 * 13 * 12
<span>C = 524,160 possibilities</span>
Answer:
The correct answer is letter "A": a learning organization; an ethical organization.
Explanation:
In order to tear down barriers within a company, managers must spark the creation of a learning organization to facilitate the continuous learning process of its employees which allows the organization to remain competitive. Besides, it is important not to set aside the ethical principles employees must adapt in their behavior within the work frame such as fairness, honor, and responsibility.
Answer:
Georgeland has an absolute but not a comparative advantage in producing clothing.
Explanation:
Absolute advantage is defined as the ability of a firm to produce higher amounts of a product as a result of use of the same resources with other competitors. It is usually bad a result of more efficient production process.
Comparative advantage is the ability of a firm to produce goods at a lower opportunity cost. Therefore they are able to sell at lower price compared to competitors.
Georgeland can produce 18 units of clothe per year while Alland can produce 16 units per year, so Georgeland has absolute advantage.
In producing clothes Georgeland has opportunity cost of 36 units of food which is higher than that of Alland which is 32 units of food. So Georgeland does not have comparative advantage in producing clothes.
