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4 years ago

Overhead allocation based solely on a measure of volume such as direct labor-hours:

Business

1 answer:

kobusy [5.1K]4 years ago

6 0

Answer:

A. is a key aspect of the activity-based costing model.

Explanation:

Activity Based costing(ABC) method identifies key activities and allocates cost based on such activities.

The ABC model is considered to be a more logical and relevant approach to overhead allocation than traditional model.

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In the sourcing/purchasing design matrix, there are three variables: contract duration, transaction costs and specificity (assum

V125BC [204]

Option E, Vendor managed inventory belongs to long contract duration, low transaction costs, high specificity .

<u>Explanation: </u>

A template matrix is a vector of the predictor variables of a set of objects, often known as the model matrix, which is often defined by X. Every row describes a single object, with subsequent columns that suit the variables and their unique values. The template matrix is used in some statistical models,

E. G. the standard linear sequence. It may include predictor variables (one and zero), or it could contain values of constant variables; imply group identity in an ANOVA.

The Vendor Managed Inventory (VMI) is a business strategy in which the purchaser of a product sources a manufacturer of that product with details and the seller accepts responsibility for the management of a negotiated stock of the item, typically in position where the customer absorbs.

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4 years ago

Werner installs custom sound systems in cars. If he installs seven systems per day, his total costs are $300. If he installs eig

sergiy2304 [10]

Answer:

$100

Explanation:

Total cost if he installs seven systems = $300

Total cost if he installs eight systems = $400

Therefore, the marginal cost of installing 8th system is the difference between the total cost of installing eight systems and the total cost of installing seven systems.

Marginal cost of installing 8th system:

= Total cost of installing 8 systems - Total cost of installing 7 systems

= $400 - $300

= $100

The profit maximization conditions says that the marginal cost must be equal to the marginal revenue.

Hence,

William will install eight systems per day only if the eight customer is willing to pay at least $100.

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3 years ago

National Park Tours Co. is a travel agency. The nine transactions recorded by National Park Tours during May 2019, its first mon

Nutka1998 [239]

Answer:

National Park Tours Co.

Journal Entries

Sr. No Account Debit Credit

1) Cash 75,000 Dr

Beth Worley Capital 75,000 Cr

Invested in capital.

2) Supplies Expense 900Dr

Cash 900 Cr

Bought Supplies

3) Equipment 8000 Dr

Cash 1600 Cr

Accounts Payable 6400 Cr

Bought Equipment.

4) Operating Expenses 6280Dr

Cash 6280 Cr

Spent on Operating Expenses

5) Accounts Receivable 12300Dr

Fees Earned 12300 Cr

Provided Services on Account.

6) Accounts Payable 2700Dr

Cash 2700 Cr

Paid cash for a liability raised previously.

7) Cash 8,150Dr

Accounts Receivable 8,150 Cr

Received Services fees.

8) Supplies Expenses 660Dr

Supplies 660 Cr

Supplies expenses charged.

9) Beth Worley, Drawing 2500Dr

Cash 2500 Cr

Withdrew for personal use.

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4 years ago

All the combinations of goods and services that can be produced if all of society's resources are used efficiently are represent

kondaur [170]

Answer:

C. Production Possibility frontier

Explanation:

The production possibility frontier (PPF) is a graph that shows what levels of output of two goods can be produced using available resources and technology.

Just individuals can not have everything they want and must make choices between different goods, society as a whole also can't have everything it might want either. This PPF depicts constraints faced between the resources

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3 years ago

Which of the following is a type of program that is designed to collect information about you and send it to a remote user witho

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Are there choices for this question?

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4 years ago