A method of costing whereby overhead costs are allocated to a job by multiplying the actual cost of the allocation base incurred by the job by a specified overhead rate is known as Normal Costing.
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What is predetermined overhead rate?</h3>
An allocation rate known as the predetermined overhead rate allocates a specific amount of manufacturing overhead to job orders or goods.
Predetermined overhead is frequently calculated at the start of each reporting period by dividing the anticipated manufacturing overhead expenses by an allocation base.
The allocation base refers to the time taken to perform an activity such as the machine hours, direct labor hours etc.
Normal Costing also known as the product costing method in which the several cost such as the direct cost, material cost, manufacturing overhead cost as well as the work in progress is added.
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Answer:
debit to Accounts Receivable for $3,500 credit to Sales for $3,430
Explanation:
Merchandise with a sales price of $3,500 is sold on account with terms 2/10, n/60. The journal entry to record the sale would include a debit to Accounts Receivable for $3,500 credit to Sales for $3,430.
Since the goods were sold on account, it means that it was sold on credit and an entry to cash will be a wrong entry. The right Journal entry will be a debit to accounts receivable for the total amount and a credit to sales for the total amount less the proposed discount amount of 2%
Answer:
d. broadly; lowers
Explanation:
An antitrust lawsuit can be defined as the way in which suit are been filed under federal or state antitrust laws in which the lawsuit can either be brought by a company's competitors for anticompetitive business practices or by purchasers of a product or service.
Antitrust laws can also be seen as a form of regulations that help to monitor the distribution of economic power in business by making sure that competition that are healthy are been allowed to flourish so that the economies can grow which is why Antitrust laws are often apply to nearly all industries and sectors.
Therefore A firm defending itself in an antitrust suit would prefer the market it operates in to be defined BROADLY which LOWERS the firm's market share compared to what it might be judged otherwise
Answer:
The correct answer is A. Business to consumer (B2C).
Explanation:
B2C is the marketing strategy that guides the company's services to the end customer, which means that all decisions are based on the end consumer, who ultimately seeks to satisfy purchasing needs in terms of quality , price and promotion of the product or service offered. In this type of strategy there is a direct contact, which allows to know first-hand the perception in order to carry out all the actions in case some characteristic must be corrected.
