Answer:
Activity rate = $176 per hour
Explanation:
<em>Activity-based costing is a form of absorption costing where overheads are charged to product using cost drivers. </em>
<em>Under this method, overheads are first analyzed and categorized by the activities responsible for them and then charged to product based on the amount of benefits enjoyed using cost drivers. </em>
<em>Activity rate per driver is calculated as: </em>
Activity overhead for the period / Total cost drivers for the period Designing products activity cost pool= designing cost /product design hours
= $1372,448/7,798 hours
= $176 per hour
Answer:
The technology is a support activity in a firm's value chain.
Explanation:
Value chain analysis means the analysis which adds the value to the organization. It can be categorized in two activities - primary activities and support activities. This value chain analysis is propounded by Porter.
The primary activities includes inbound & outbound logistics, operations, Marketing & sales and service whereas support activities includes firm infrastructure, human resource management, technology , and procurement.
Thus, the technology is a support activity in a firm's value chain.
Answer:
A falling interest rate will lead to a movement along the demand curve for loanable funds
Explanation:
A movement along the demand curve for a good or service is caused by a change in the price of the good or service.
Because the interest rate is the price of the loanable funds, a falling interest rate will cause a movement along the demand curve for loanable funds. More specifically, a falling interest rate, in other words, a lower price, will increase the demand for the loanable funds, so the movement will be upwards.
Answer:
Rises
Explanation:
If labor demand is downward sloping and labor supply is upward sloping , then when labor demand rises faster than labor supply , it is expected that real wages rises.
Labor demand is downward sloping means the demand for labor in the market is less as compared to the supply of labor which is high as compared to its supply so when the demand starts rises faster as compared to the supply then the available labor been less in quantity gets a chance to demand for high wages because of monopoly competition .
