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Ann [662]
3 years ago
5

What is the rate at which goods and services are produced based upon total output given total inputs?

Business
1 answer:
gayaneshka [121]3 years ago
4 0
<span>This would be productivity. This is the metric that shows how well a country is using its resources, as well as how efficiently those resources are being implemented. Higher levels of productivity can bring larger profits to businesses, which can lead to higher employment and larger levels of future investment in those businesses.</span>
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Answer:

1. Predetermined Overhead Rate = Manufacturing overhead costs  / Machine Hours

Predetermined Overhead Rate = $216,000/2,700 hours

Predetermined Overhead Rate = $80 per machine hour

2. Allocated overheads =Predetermined Overhead Rate * Machine hours used by Job 551

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Allocated overheads = $7,200

3. Date     Description                             Debit     Credit

 15/01     Work In Progress Inventory    $7,200      

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How would you write a business memorandum to this topic?
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Answer:

Roland works as a researcher for his manufacturing firm. He has conducted primary research to collect relevant market research data that will help his firm. He decided to use mathematical and statistical tools to analyze the data because the data is in nature.

Roland is about to analyze primary market research data.

Explanation:

Primary data are always in a state of nature.  Primary data are collected by Roland before analysis are from first-hand or primary sources.  For Roland to acquire the data, he must use primary research methods like surveys, interviews, or experiments. Because primary data are acquired with the research project in mind and directly from primary sources, they are contrasted with secondary data.  Secondary data were acquired by some other researchers and used in their analyses before being collected by another researcher as a basis for research continuation.

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