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Zolol [24]
3 years ago
15

3M involves its customers in the process of developing new products. In this way, it can benefit from current customers' insight

s and develop new products that will meet these customers' needs. 3M is pursuing a ________ growth strategy.a) product developmentb) diversificationc) product penetrationd) market penetratione) market development
Business
1 answer:
zalisa [80]3 years ago
8 0

Answer:

The correct answer is a) product development.

Explanation:

The development of a new product is carried out in the field of business, engineering and design, it is the complete process of creating and bringing a new product to the market. There are two parallel aspects that are involved in this process: one implies product engineering; The other, market analysis. Marketing managers consider the development of a new product as the first step in managing the product life cycle.

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Schwering Corporation uses activity-based costing to assign overhead costs to products. Overhead costs have already been allocat
Vesnalui [34]

Answer:

Instructions are below.

Explanation:

<u>1)</u>

Order Filling, $136,040

Orders (Order Filling)

Product D7 3,040

Product U1 760

<u>To calculate the predetermined overhead rate, we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Order Filling= 136,040/3,800

Order Filling= $35.8 per order

<u>2)</u>

Overhead costs:

Machining, $81,600

Order Filling, $161,500

Activity data appear below:

MHs (Machining) Orders (Order Filling)

Product D7 13,200 4,000

Product U1 26,800 1,000

<u>First, we need to calculate the activity rate for each activity:</u>

Machining= 81,600/40,000= $2.04 per machine hour

Order Filling= 161,500/5,000= $32.3 per order

<u>Now, we can allocate overhead to product U1:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Product U1= 2.04*26,800 + 32.3*1,000= $86,972

<u>3)</u>

Wall Mirrors Specialty Windows

Total expected units produced 7,700 1,450

Expected direct labor-hours per unit 14 7

The total materials handling cost for the year is expected to be $17,153.10.

<u>Total direct labor hours, and predetermined overhead rate:</u>

Total direct labor hours= 14*7,700 + 7*1,450= 117,950

Material Handling activity rate= 17,153.1/117,950= $0.145 per direct labor hour

<u>Now, we allocate overhead:</u>

Wall Mirrors= 0.15*107,800= $16,170

6 0
3 years ago
Which of the following is the deliberate process through which someone becomes aware of personal​ skills, interests,​ knowledge,
ANTONII [103]

Answer:

Career planning

Explanation:

Career planning is self-assessment and preparation undertaken by an individual who has a decent career path. Career planning phase is a continuous process of discovering oneself, establishing career aspirations, evaluating skills and finding the best career opportunities.

5 0
3 years ago
Is this story: sole proprietorship, partnership, OR corporation?
Mrrafil [7]
It's a <span>partnership. I have to write more words but that's what that arrangement is.</span>
3 0
3 years ago
The reason of taxation? ​
elena-14-01-66 [18.8K]

Answer:

The money you pay in taxes goes to many places. In addition to paying the salaries of government workers, your tax dollars also help to support common resources, such as police and firefighters. Tax money helps to ensure the roads you travel on are safe and well-maintained. Taxes fund public libraries and parks.

6 0
3 years ago
Read 2 more answers
A barber currently cuts hair for 50 clients per week and earns a profit. He is considering expanding his operation in order to s
bixtya [17]

Answer:

B. It depends on the marginal cost of serving more clients and the marginal revenue he will earn from serving more clients.

Explanation:

As the barber is currently cutting hair for 50 clients per week and earns a profit. He is now considering expanding his operation in order to serve more clients. He should expand his business by considering the marginal cost of serving more clients and the marginal revenue he will earn from serving more clients. Marginal revenue and marginal cost has much importance here in order to make the decision. Marginal revenue is the profit which is obtained by selling one extra unit, here serving one more additional customer, whereas, the marginal cost is selling that one extra or additional unit/serving the customer. In this particular case, if the marginal revenues are greater than the marginal costs then he should definitely expand his operations, which means that move will bring more profits to his business.

5 0
3 years ago
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