Answer:
General agent
Explanation:
A general agent is a person that the principal authorises to perform transactions in relation to a part business on a certain place.
A general agent can perform all acts in relation to a business that has been assigned by the principal. For example in real estate when an agent performs property management functions for his client he is acting as a general agent.
On the other hand a special agent is one that is employed by a principal to perform a specific task or job and his scope of responsibility is limited to that job function.
Answer:
The answer is 629,000.
Explanation:
- For each unit of M sold, the price is 7 and the cost is 3, so the contribution margin is 4;
- For each unit of N sold, the price is 4 and the cost is 2, so the contribution margin is 2;
- For each unit of O sold, the price is 6 and the cost is 3, so the contribution margin is 3;
- With the mix, 1 unit of sale contributes (contribution per mix) 3*M+1*N+2*O = 3*4+1*2+2*3 = 20
For covering the 340,000 of fixed costs, you have to sale 340,000/20 units. That's equal to 17,000 units.
Each unit of sales is equal to (price per mix) 7*M+4*N+6*O = 7*3+4*1+6*2 = 37. So, with 17,000 units, the total sales will be 17,000 * 37 = 629,000.
Answer: $5 per machine hour
Explanation:
Given the following :
Estimated manufacturing overhead cost = $550,000
Expected machine-hour to be incurred = 110,000
Actual manufacturing overhead = $575,000
Actual machine hour incurred = 120,000
The manufacturing overhead application rate:
Expected manufacturing overhead cost / Expected machine hour to be incurred
= $550,000 / 110,000 machine hour
= $5 per machine hour
Answer:
a. high value and high demand.
Explanation:
Since the skillful supply chain manager declared she would not only disaggregate cycle inventory, but she would also aggregate safety inventory and use an inexpensive mode of transportation for replenishing cycle inventory and fast mode when using safety inventory for her product that had high value and high demand.
Generally, when dealing with the transportation of goods that has high value and high demand, it is necessary and important that manufacturers or suppliers use the fast mode in order to meet up with their consumer's increasing demand. Simply stated, an increase in the demand for goods and services should be met with an increased supply, so as to reach equilibrium.
For the safety inventory, which are extra level of goods carried for the purpose of mitigating consumer demand that exceeds the amount forecasted by the manufacturer or supplier in a given period of time.
She decided, she would use a fast mode of transportation for safety inventory of goods with high value and high demand.
The replenishing cycle inventory involves the process of restocking or resupplying a retailer and distributor, when they place a replenishment order.
