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Vanyuwa [196]
2 years ago
6

When a company creates overhead rates based on the actions it performs, it is employing an approach called.

Business
1 answer:
Tanya [424]2 years ago
6 0

When the overhead rates of a company are created based on the actions performed, this is called activity-based costing.

<h3>What is activity-based costing?</h3>

This refers to a type of costing where a company comes up with manufacturing overhead rates that have to do with the actions performed to make production happen.

For instance, the activities of labor or the manufacturing machines can be used to determine the overhead rates.

In conclusion, creating overhead rates based on the actions it performs is called activity based costing.

Find out more on activity-based costing at brainly.com/question/6654166

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A group of individuals in the age group of 11 to 16 years who extensively use the internet is an example of market segment
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If u.s. firms attempt to use covered interest arbitrage to capitalize on the high argentine peso interest rate, what forces shou
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3 years ago
When a manufacturer forbids an intermediary to carry products of competing manufacturers, the arrangement is known as _____.
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Learn more about manufacturer here: brainly.com/question/25279292

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4 0
1 year ago
If we add successive laborers to work a given amount of land on a wheat farm, eventually:____.
Alexus [3.1K]

Answer:

d. the increases in wheat harvested will get smaller and smaller.

Explanation:

A marginal rate of technical substitution (MRTS) can be defined as an economic principle which is typically used to represent the rate at which a factor such as capital must decrease so that the same level or quantity of production is maintained when another factor such as labor is changed (increased).

An isoquant is the slope of a marginal rate of technical substitution (MRTS) which connects the two input factors provided that the level of output or production is the same.

Also, the diminishing marginal rate of technical substitution refers to the decline (fall) in marginal rate of technical substitution (MRTS) along an isoquant that produces the same quantity (level) of output.

When an isoquant has a diminishing marginal rate of technical substitution, the corresponding isoquants are convex to the origin. Thus, the marginal rate of technical substitution (MRTS) would continue to diminish as more of a factor such as capital is used.

If we add successive laborers to work a given amount of land on a wheat farm, eventually the increases in wheat harvested will get smaller and smaller.

6 0
2 years ago
Read 2 more answers
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