Answer:
True or false: The inventory method selected by management does not have to correspond to the physical flow of goods to be in accordance with GAAP. True (The inventory method is an assumed cost flow and does not have to correspond with the actual physical flow of goods.
Answer:
The plantwide overhead rate per direct labor hour is $2.50 per labor hour.
Explanation:
Total budgeted overhead costs = $200,000
Total budgeted direct materials = $50,000
Total budgeted direct labor hours = 80,000 hours
Over head rate per labor hour = Total budgeted overhead costs / Total budgeted direct labor hours
Over head rate per labor hour = $200,000 / 80,000
Over head rate per labor hour = $2.50 per labor hour
I think for this question, you have, to be honest about what you can do and how you want to achieve them. This question can not be answered in general, but it should be replied to according to what you can and can not do. It is important that when you are doing the interview, you are confident and sincere towards your goal.
Answer: cost cutting
Explanation:
3D printing technology is a from of technological innovation which people not many people know about and is less understood by the people and therefore few people might see reason to buy it.
The increase in the competitors offering the product and a price reduction can actually help the product from from the introduction to the growth stage of its life cycle.
The makers of the 3D printers should be more conceened with enhancing distribution, increasing capacity, forecasting and product and process reliability. They should be less concerned about cost-cutting as there are bigger issues to solve.
Answer:
price elasticity of demand
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
Price elasticity of demand = midpoint change in quantity demanded / midpoint change in price
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.
If this change in price (a 25% increase) leads to a 50% decrease in quantity demanded, demand is elastic and revenue would fall if price is increased
If this change in price (a 25% increase) leads to a 10% decrease in quantity demanded, demand is inelastic and revenue would increase if price is increased