Answer:
This type of effort is known as <u>collaboration</u>
Explanation:
Collaboration among businesses involve them <u>working together to achieve common business goals which could be </u><u>manufacturing </u><u>or marketing goals.</u>
In such instances, the businesses could combine their resource and share expenses among themselves and this helps reduce costs and increase efficiency.
Answer:
Order size= $57.61 per machine hour
Explanation:
Giving the following information:
Order size:
Estimated total overhead= $581,866
Estimated total machine hours= 10,100
<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Order size= 581,866 / 10,100
Order size= $57.61 per machine hour
Answer:
Optimal qauntity is 4 Units
Explanation:
Here, we have to decide quantity of production at which maximum profit can be generated. For this reason we will have to contruct a table which will help us to calculate Marginal Benefit and Marginal cost. This table is given as under:
Quantity Total benefit Marginal benefit Total Cost Marginal Cost
0 Units 0 0 0 0
1 Units 16 16 9 9
2 Units 32 16 20 11
3 Units 48 16 33 13
4 Units 64 16 48 15
5 Units 80 16 65 17
We can see that at 4 Units, marginal revenue is almost equal to marginal cost. At this level of production, we have maximum benefits generated which is:
Maximum Benefit Generated = ($16 - $9) + ($16 - $11) + ($16 - $13) + ($16 - $15) = $7 + $5 + $3 + $1 = $16 for 4 Units
We can also cross check by considering 5 units case to assess whether the benefit generated is more than 4 units case or not.
Maximum Benefit Generated (For 5 Units) = ($16 - $9) + ($16 - $11) + ($16 - $13) + ($16 - $15) + ($16 - $17) = $7 + $5 + $3 + $1 - $1 = $15 for 4 Units
As the maximum benefit generated in the case of 4 units is more because of using marginal revenue = Marginal Cost relation, hence the optimal quantity is 4 units.
Answer:
Break-even point in dollars is b) 810,811
Explanation:
Break-even point is the amount of sales in a company when there is no lost nor earnings. When the sales cover both fixed costs and variable costs.
It is calculated with the fixed cost divided to the porcentage of contribution margin.
step 1: % of contribution margin
CMg/total sales
($90,000+$280,000)/$1,000,000=0.37 %CMg
Step 2: Break-even point
FC/%CMg
$300,000/0.37=$810,811
Answer:
Correct Answer:
c. joint tenancy with rights of survivorship
Explanation:
The property Jay owes on Gatsby Island belongs to him but he wishes to share th ownership with his 2 good friends. His conveyance of the message to both which reads <em><u>"tenants by the entirety"</u></em> <em>shows that he and his friends has equal ownership and rights to the Gatsby Island property.</em>
<em>In the event that either him or one of the friends dies, the full title of the property automatically passes to the surviving person.</em>
