Answer:
They are exhibiting confirmation bias
Explanation:
Confirmation bias occurs when a person discards information that does not validate his pre-existing beliefs, and only takes into account the information that does validate those same pre-existing beliefs.
If a decision maker only seeks out information that does not contradict their past judgments, they are exhibiting confimation bias because they are preventing their past judgments and views from being challenged.
Answer:
The opportunity cost of buying 3 CDs is the lost opportunity to buy 1 DVD
Explanation:
Opportunity cost is the cost of alternative forgone.It is cost of the item not purchased due the current buying decision.
It is also applicable to a business division selling to another division within the company.The cost of such internal sale is viewed as the variable cost of the product plus the contribution forgone from not selling to external party.This is most likely the case when the selling division does not have a spare capacity with which it can fulfill internal sale request.
Answer:
Total cost= $2467
Explanation:
Giving the following information:
The Assembly Department uses a departmental overhead rate of $ 60 per machine hour.
The Sanding Department uses a departmental overhead rate of $ 20 per direct labor hour
Direct labor hours used
Assembly Department - 8
Sanding Department - 5
Machine hours used
Assembly Department - 10
Sanding Department - 7
The cost for direct labor is $32 per direct labor hour and the cost of the direct materials used by Job 603 is $1351.
Total cost= direct material + direct labor + MOH
Total cost= 1351 + (13*32) + (60*10 + 20*5)= $2467
Answer: $68,600
Explanation:
Investment Income using Equity method = Plastic company Share in income of Spoon company - Depreciation on Assets
Plastic Company share in Income of Spoon Company = 100% * 78,000 = $78,000
Land cannot be depreciated so only Equipment will be depreciated.
= 94,000/10 years
= $9,400
Investment Income using Equity method = 78,000 - 9,400 = $68,600
Answer:
All the requirements are attached in pictures.
Explanation:
