A firm gathers primary data by conducting surveys, interviewing customers, or mailing out questionnaires. The data gained through the surveys and interviews is a first-hand experience. And the data observed or collected directly from first-hand experience is called primary data. Secondary data on the other hand is published data and data obtained from other parties. <span />
Answer:
Concord should not sell the assembled product.
Explanation:
<u>Unassembled</u>:
Sell price: $58 - Cost $24 = Profit $34
<u>Assembled</u>:
Sell price: $75 - Cost $46 ($24 + $22) = Profit $29
Selling the assembled unit decreases the profit of Concord Corporation.
The consumer price index last year must have been 158.58.
<h3>What was the consumer price index last year?</h3>
The consumer price index is used to measure inflation. It does this by measuring the changes in the price of a basket of good.
CPI = (cost of basket of goods in current period / cost of basket of goods in base period) x 100
CPI last year = (100 - 3.1) x 163.65 = 158.58
To learn more about, consumer price index, please check: brainly.com/question/26382640
Answer: A. Departments with more employees are allocated earlier.
Explanation:
In the sequential method, it should be noted that a company allocates the service costs one department at a time. Once the service department cost is allocated by the accountants, the department won't get any other costs from the other service departments.
The statement that is false about the order in which management determines the sequencing of support department allocations under the sequential method of allocating support department costs to production departments is that the departments with more employees are allocated earlier.
Under the sequential method, the department costs that are allocated earlier include having an accurate cost drivers, having a higher cost, or having a large number of support.
Answer:
$6,000
Explanation:
For computing the overhead applied first we have to determine the direct labor cost which is shown below:
Let us assume the direct labor cost be X
So the equation is
Total Manufacturing overhead = Direct Material cost + Direct Labor cost + Manufacturing Overhead cost
$50,000 = $40,000 + X + 1.50X
$10,000 = 2.50X
So X = 4,000
So, the overhead applied is
= $4,000 × 150%
= $6,000