Answer:
The correct word for the blank space is: Ad-hoc.
Explanation:
Ad-hoc decision-making is an approach of coming up with solutions in front of cases that require taking a specialized path. Ad-hoc decision making is supported by recent, factual data that allows individuals, in most cases managers, to make an educated decision. Ad-hoc decisions sometimes are taken by committees instead of one manager alone.
If all prices, including the price of beef, increase by 3%, then the relative price of beef has remained constant and there is inflation.
Option B
Explanation:
Relative price of beef = price of beef/ price of some other good.
As both beef and other commodities rise by the same amount, the relative price remains steady.
Because all prices have risen by 3%, inflation is there.
The relative price is the sum of another commodity that can be substituted for a given quantity. Assume we've got two A and B consumer.
There was a misunderstanding. Absolute goods prices may sometimes adjust, but relative prices may remain stable.
D is the answer of a fixed expense
Answer:
$96,080
Explanation:
Calculation of Caldwell Company amount of overhead applied to Product A using activity-based costing.
First step is to use ABC, Overhead assigned to Product A :
Using this formula
[(Number of machine setups for Product A / 1,000) * Machine setup Overhead costs] + [(Number of machine hours for Product A / 30,000) * Machining Overhead costs] + [(Number of inspections for Product A / 1,500) * Inspecting Overhead costs]
Hence:
Let plug in the formula
= [(240 / 1,000) * $105,000] + [(22,200 / 30,000) * $50,000] + [(660 / 1,500) * $77,000]
= $25,200 + $37,000 + $33,880
= $96,080
Therefore Caldwell Company amount of overhead applied to Product A using activity-based costing will be:$96,080
Answer:must be long lived and used by the company in its normal operations.
Explanation: