Becoming a global organization, means that more for a company many more shares can be issued and bought hence large sums of capital can be raised.Not to mention the increased market share .
Answer:
Most flexible.
Explanation:
Price is considered to be the variable in the marketing mix that is most flexible because unlike other elements of production, it can be easily changed. An organization can decide to either raise or lower it's price depending on the nature of the market.
In Marketing, price can be defined as the amount or value that is being exchanged usually money, in order to acquire goods in a business transaction.
Answer:
$34.12
Explanation:
Fixed Overhead Rate = Estimated total fixed manufacturing overhead ÷ estimated the labor-hours for the upcoming year
= $1,760,220 ÷ 66,000
= $26.67 per labor-hour
Predetermined Overhead Rate:
= Variable Overhead Rate + Fixed Overhead Rate
= $7.45 per labor-hour + $26.67 per labor-hour
= $34.12
Answer and Explanation:
The computation is shown below:
1. The standard direct labor hours per brake repairs are shown below:
Actual time spent 5 hours
Setup and downtime (5 hours × 11%) 0.55
Cleanup and rest periods (5 hours × 27%) 1.35
Standard direct labor hours per brake repair 6.9
2. For standard direct labor hourly rate
Wage rate per hour $10
Payroll Taxes ($10 × 10%) $1
Fringe Benefits ($10 × 25%) $2.5
Standard direct labor hourly rate $13.5
3. For the standard direct labor cost per brake repair
= 6.9 hours × $13.5
= $93.50
