<span>These companies are able to reduce the inventories required to satisfy the demand of the retailers. With a JIT system, the company does not have to worry as much about waste product or overproducing, since the final item is being manufactured just before the deadline. This allows the company to run on a much tighter production schedule and lessens waste.</span>
<span>Weber would consider this an exercise in power in the social stratification model. The owner has the ability to have others do what he wants them to do. He is able to set goals that can be achieved even with others opposing them.</span>
Consumers are required to apply their skill or analytical or creative thinking to try to win a prize in contests.
Analytical or creative thinking:
While creative thinking is occasionally referred to as "lateral" thinking, analytical thinking is also known as logical thinking. Others go further to highlight the idea by comparing it to whether thinking is more left-brain (analytical) or right-brain (creative).
Converging on facts, data, knowledge, judgment, experience, and wisdom in quest of the best answer is known as analytical thinking. Diverging one's thinking to consider a wide range of possibilities is the act of being creative.
It's common for people to identify themselves as either analytical or creative thinkers, and to some extent, this is true because most people tend to lean more toward one or the other. But skills are frequently less natural than people believe.
Learn more about Analytical or creative thinking here:
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Answer:
Allocated overhead= $375
Explanation:
Giving the following information:
Jeremy Corporation estimated manufacturing overhead costs for the year to be $500,000. Jeremy also estimated 8,000 machine hours and 2,000 direct labor hours for the year. It bases the predetermined overhead allocation rate on machine hours.
On January 31, Job 25 was completed. It required 6 machine hours and 1 direct labor hour.
First, we need to calculate the predetermined overhead rate:
predetermined overhead rate= total estimated overhead for the period/ total amount of allocation base
predetermined overhead rate= 500,000/8000= $62.5 per machine hour
Allocated overhead= predetermined overhead rate* actual hours= 62.5* 6= $375
