Bank deposits help the nation’s economy by giving banks the money to loan to other people and to invest. When people make deposits into a bank, the bank has more money to lend other epople when they come make a withdraw, need a loan for personal or business use or to invest in stocks and bonds to grow the company and their weath. Banks run on the money poeple deposit into them.
Since the cost of $20,000 has been incurred two years ago, the firm should check and see as to how many units of the product were produced in the two years. Did the firm produce enough items to break even the cost of acquisition. Additionally the business should also check the current market value of this two year old equipment. The business manager should weigh in the savings that is to be obtained from outsourcing along with the resale value of the old machine and then take a declension as to whether the company should go for outsourcing. Also, the business manager must examine whether the outsourcing can happen for the long run. This is because two years down the line, outsourcing may have increased the cost and again another process may look attractive. So a through cost benefit analysis should be made before taking a decision.
Answer:
$10 per hour
Explanation:
Data provided in the question
Direct labor hours per year = 27,000
Total indirect cost = $270,000
So, by considering the above formation, the indirect cost allocation rate is
= Total indirect cost ÷ Direct labor hours per year
= $270,000 ÷ 27,000
= $10 per hour
By dividing the total indirect cost by the direct labor hours we can get the indirect cost allocation rate
Answer:
Primary data
Explanation:
Since the available secondary data are not sufficient for the marketing research study, Chun Hei must collect primary data.
Primary data unlike secondary data are data that were not in existence beforehand. Such a data can not be found in any journals, books, websites or data sites. To get primary data a researcher has to go into the field and they can collect these data through questionnaires, surveys or interviews. Chun Hei will get the information she needs from first hand sources.
