Answer:
The allocation method use if a company calculated the final sales value of its various products that are manufactured and then subtracts out identified separable costs is <u>Direct Allocation Method</u>
Explanation:
The direct method allocates costs directly to the producing departments based on relative use.
This method subtracts reciprocal services that incur additional costs For example, this method would ignore service provided by the data processing department to other support departments, such as personnel or maintenance.
Final sales value of its various products and services that are manufactured and the costs form a portion of the overhead cost of production, which is then allocated to inventory and the cost of goods sold.
This method provides a better picture of how costs are incurred, but requires more accounting effort. It also tends to delay the recognition of expenses until a later period, when some portion of the produced goods are sold.
Identified separable costs are then subtracted from final sales value.
Answer:
Cash budget
Explanation:
A budget is a financial plan that calculates a firm's expectations and uses that information to allocate the expectations to specific needs of the firm, to ensure its efficient and smooth running over a given period of time.
A cash budget as seen above is a type of budget that projects a firm's expectations cash-wise (inflwo and outflow), shortages and surpluses during a given period (say one year or two years, etc.).
Cheers.
Overpricing is a real issue
Answer:
cluster
Explanation:
From the question we are informed about Porter's study which identified components of the German textile and apparel sector: cotton, wool, synthetic fibers, sewing machine needles, and textile machinery. These were all successful industries in a single country that grouped into related industries. This grouping is an example of cluster of basic factors of production as identified by Porter.
Factors of production can be regarded as resources which are been considered as the building blocks of an economy, they are the inputs that are used in the production of goods as well as services. It can be divided into categories by Economists; these are
✓capital
✓land
✓ labor
✓entrepreneurship.
