Activity based costing have four steps, the steps are as follows:
1. Identification and classification of all the activities in the value chain in relation to the production of the product.
2. Estimation of total cost for each of the activities identified.
3. Computation of a cost driver rate for each activity based on a cost allocation base which has a causal link to the cost of the activity.
4. Application of the activity cost to product using the appropriate cost driver rate.
Answer:
The correct answer is A)
Explanation:
When products and or services are manufactured at a level that maximizes social welfare, allocative efficiency is said to have occurred.
A market system characterized as monopolistic competition may <u><em>never </em></u>achieve productive efficiency because firms often fix prices at a point higher than their marginal costs.
Marginal cost refers to the added cost incurred by producing or manufacturing one additional unit of a product.
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Answer:
$775.61
Explanation:
To calculate the monthly payments, you can use the following formula:
P= (r*PV/(1-((1+r)^-n))
P= Payment
PV= Present value: $17,500
r=interest rate: 6%/12= 0.5%
n= number of periods: 24
P= (0.005*$17,500)/(1-((1+0.005)^-24))
P= 87.5/0.112814
P= $775.61
The amount of the monthly payments is $775.61.
Answer: $18,750.00
Explanation: So what you'll do is (12,500 * 2) + 12,500 / 2 = 18,750
Answer: Option D
Explanation: As time is a very important resource for every organisation and is considered as the essence of success, business organisations should manage it properly.
The interviewing process in recruitment should be done on the basis of job type. It means all the candidates that are applying for same job profile or job in the same departments should be interviewed at the same day individually. This will help the organisation to save its time.
Hence, from the above we can conclude that the right Option D.
