Answer:
Fixed overhead application rate
= <u>Budgeted fixed overhead</u>
Budgeted direct labour hours
= <u>$114,000</u>
60,000 hrs
= $1.90 per direct labour hour
Amount of overhead applied to job X387: $
Variable overhead $4.90 x 170 hours = 833
Fixed overhead $1.90 x 170 hours = 323
1,156
Explanation:
In this case, there is need to calculate the fixed overhead application rate based on direct labour hours by dividing the the budgeted fixed overhead by budgeted direct labour hours. Then, we will calculate the overhead applied to Job X387 by multiplying the fixed and variable application rate by actual direct labour hours of 170 hours.
Answer: Micromarketing.
Explanation:
Micromarketing is applied by Land's end clothing company, where different tiny sections of a market are being targeted by the clothing designs and sizes produced. Micromarketing is form of marketing, where a smaller section of a large market is a company's target for sales.
Answer:
Option (3) is correct.
Explanation:
Given that,
Enok, a prospective franchise owner,
Royalty payments = 8 percent of sales could be as high as $300,000 per month
Therefore, the franchiser is claiming that a franchisee can expect monthly sales to be as high as:
= $300,000 × (100 ÷ 8)
= $300,000 × 12.5
= $3,750,000
Option (3) is correct.
Answer:
The two methods used to forecasting labor demand and supply are: Statistical Method and Judgmental Method.
The Statistical method collects previous historic data regarding company's demand and supply for qualified employees and provides forecasting for the particular period. It is feasible when other factors remain same in the organisation. It is not feasible when the organisation changes its objectives, mission and vision etc
<u>Cost and Benefit</u>
It prevents future shortage of qualified employees
It avoids disruption over operation
The Judgmental method is when the company follow judgmental method, that is it is based on manager's experience of conducting survey to estimate employees requirements on future operation.
It is feasible for small and medium size organisation for short term forecast. It
<u>Cost and Benefit</u>
It avoids short-run shortage of employees
It avoids short-run surplus of employees.
Answer:
D
Explanation:
Late point differentiation is when the production process starts with a generic product and the end product is differentiated to a specific end product. Late point differentiation is used in firms where there is a high level of demand uncertainty
<u>Advantages of Late point differentiation</u>
1. it also consumers to receive a differentiated or customised product
2. It reduces the waiting time of consumers and allows consumers access quicker services
