Answer:
Predetermined manufacturing overhead rate= $5.275 per machine-hour
Explanation:
Giving the following information:
Pinnacle Corp. budgeted $259,470 of overhead cost for the current year.
Pinnacle's plantwide allocation base, machine hours, was budgeted at 49,190 hours.
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 259,470/49,190
Predetermined manufacturing overhead rate= $5.275 per machine-hour
Answer:
The three question of economics are: what to produce, how to produce and for whom to produce? All of this implicate the scarcity of resources, which is what sums up all three questions. How to efficiently use what we have in order to make the biggest output possible? Inputs are limited, and businesses should use resources wisely, in a planned manner.
Answer:
<u>C. Scenario planning helps create strategic plans that are more flexible, and thus more effective than those created through the more static strategic planning approach.</u>
<u>Explanation:</u>
Even though both models or techniques are important, they are different in their degree of effectiveness.
For example, scenario planning creates solutions which are flexible in overcoming barriers to the organizations goals such as a new government policy. Thus, they are generally considered more effective than those created through strategic planning approach such as the SWOT (Strength, Weakness, Opportunity, and Threats) analysis.
Answer:
Letter A is correct. <u>True.</u>
Explanation:
India and China are two emerging countries in the world economy, with significant annual economic growth, these countries have stood out on the world stage of international investment.
This has occurred because these countries are constantly expanding and because they have the two largest populations in the world.
Economic growth generates greater purchasing power for citizens and this attracts international companies. Another relevant issue is the reduction of bureaucracy in India and China for the establishment of companies in that country, as well as government incentives and cheap labor.
