<span>The fact that the management of the diffusion research company when receives proposal for a new research, first estimates the cost of conducting the research and delivering the final research report and then, attempts to reduce the costs through efficient operations and tries to maximize revenue by satisfying its customers' requirements means that the </span>diffusion research company uses a profit-oriented pricing objective.
Answer:
True
Explanation:
An income statement is among the three important financial statements that a business prepares at the end of every financial year. It is divided into three main sections of revenues, expenses, and income.
The revenue section lists all sources of revenues and any adjustments to obtain the net revenue. The expenses section shows all business expenses and their total. The income section is the difference between revenue and expenses. A positive income means the made profits, while a negative income indicates losses.
B definitely b because why not
Answer:
a. $17.44 per hour
b. $43,600 ; $104,640
Explanation:
The computation is shown below:
a. Single plantwide overhead rate equals to
= Total Overhead Amount ÷ Budgeted Direct Labor Hours
where,
Total overhead amount is
= $625,000 + $900,000 + $105,000 + $175,000 + $300,000 + $75,000
= $2,180,000
And, the budgeted direct labor hours is 125,000
So, the overhead rate is
= $2,180,000 ÷ 125,000
= $17.44 per hour
2. Now the overhead cost is
For Deluxe model
= 2,500 direct labor hours × $17.44 per hour
= $43,600
For basic model
= 6,000 direct labor hours × $17.44 per hour
= $104,640
The leadership is still important in today’s flatter, team-based organizations to make sure that the team members are working on the right track. The organization has a vision and a mission to achieve in order to reach its goal. The team leader assures that every team members understand and remember this vision and mission.
