Answer: on-the-job training
Explanation:
On-the-job training is a method in which employees are trained by observation and imitation of their superiors.
It is an efficient method of learning because it involves 'doing' that is practical.
The employees learn the skills required to carry out their functions in the workplace and also get familiar with the working environment.
On-the-job training also helps to reduce the organization's cost of training new staff. They don't need to pay to training instructor or send new employees to take courses concerning their functions.
On-the-job training methods includes the following:
1) Coaching
2) Job rotation
3) Job instructional training
4) Mentoring
5) Apprenticeship
6) Understudy
Answer:
a. Manufacturing overhead allocation rate for each department.
<u>Machining Department</u>
Overhead allocation rate = $2.50
<u>Assembly Department</u>
Overhead allocation rate = $4.00
b. total cost of Job #846 is $6,505
Explanation:
a. Manufacturing overhead allocation rate for each department.
<u>Machining Department</u>
Overhead allocation rate = Overhead / Machine hours
= $250,000/ 100,000
= $2.50
<u>Assembly Department</u>
Overhead allocation rate = Overhead / direct labor-hours
= $360,000/ 90,000
= $4.00
b. total cost of Job #846
Direct material cost :
Machining $2,700
Assembly $1,600
Direct labor cost :
Machining $ 400
Assembly $ 900
Overhead Costs :
Machining ( $2.50 × 170) $ 425
Assembly ( $4.00 × 120) $ 480
Total Cost $6,505
Answer: b. select appropriate corporate-level strategies
Explanation:
Prior to setting pricing options for its products to maximize profit, a company must select appropriate corporate-level strategies.
This is necessary in order to ensure that the strategies aligns with what the organization is willing to do in order to achieve its profit maximization goal.
Answer:
A
Explanation:
Marginal external benefit is an extended benefit received by a thirty party, that is, people that are not directly involved as primary intended receiver of a good or service. Although the initial product or service benefits one party in particular, it is also an authomatic effect that brings benefit to other than the consumers of that product or service.
Answer:
The statement that best describes the bid-ask spread is...
A. The difference between the price at which a dealer is willing to buy a security and the price at which a dealer is willing to sell it .
Explanation:
<em>The bid-ask spread is best explained as the difference between the bidding price and the asking price. </em>
<em>Let’s say that I’m looking to buy a security at the bidding price of $10 and the asking price is $10.50 if I it’s me that wants the security immediately, I'm going to have to pay the asking price not the bidding price, on the other hand if it’s the dealer who wants to sell instantly and immediately they're going to have to be paying the bidding price. The bid-ask spread of that basically is the 50 cent difference. </em>
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