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4 years ago

Individual producers or nations choose the type, quality and quantity of what they produce based on market demand

Business

1 answer:

kari74 [83]4 years ago

8 0

Answer: True

Explanation:

Market demand is the best reference point for producers/sellers to know the quality and amount of a product to produce. If a certain quality of product is in demand, the sellers would need to supply more amount of that particular product quality to the market.

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During the year, Octagon produced 8,000 units, used 24,000 direct labor hours, and incurred variable overhead of $120,000. Budge

Naily [24]

Answer:

Variable manufacturing overhead rate variance= $48,000 unfavorable

Explanation:

Giving the following information:

Actual direct labor= 24,000 direct labor hours

Actual variable overhead of $120,000.

The standard variable overhead rate is $3.00 per direct labor hour.

<u>To calculate the variable overhead spending variance, we need to use the following formula:</u>

Variable manufacturing overhead rate variance= (standard rate - actual rate)* actual quantity

Actual rate= 120,000/24,000= $5

Variable manufacturing overhead rate variance= (3 - 5)*24,000

Variable manufacturing overhead rate variance= $48,000 unfavorable

6 0

4 years ago

What is the difference between inflation and deflation?

Lorico [155]

I don't know maybe c

6 0

4 years ago

Read 2 more answers

Courington Detailing's cost formula for its materials and supplies is $1,920 per month plus $11 per vehicle. For the month of Au

S_A_V [24]

Answer:

$2,492

Explanation:

Cost = Fixed cost + (Variable cost per unit × q)

Fixed cost $=1,920

Variable cost per unit =$11

q= 52

Hence;

= $1,920 + $11 × 52

=$1,920+$572

=$2,492

Therefore the materials and supplies in the planning budget for August would be closest to:$2,492

3 0

4 years ago

Global strategy is an approach to internationalization in which headquarters delegates considerable autonomy to each country man

rjkz [21]

Answer:

False

Explanation:

When a company carries on a global strategy , their headquarters will seek to keep substantial control over foreign subsidiaries in an attempt to maximize efficiency and integration, while reducing redundant work or resource spending.

A multidomestic strategy is the one that delegates considerable autonomy to each country manager.

5 0

3 years ago

Sage Company is operating at 90% of capacity and is currently purchasing a part used in its manufacturing operations for $16.00

charle [14.2K]

Answer:

Total relevant cost = $143,288

Explanation:

In a make-or buy decision , to determine the optimal course of action we compare the purchase cost of the component from the external market to the relevant variable cost of internal production. Where the relevant cost of in-house production is less than the external price, the company should produce internally and vice versa

Differential cost per unit = 16 - 12 = $4

Total relevant cost = $4× 35,822 = $143,288

Total relevant cost = $143,288

Note the fixed cost of $10 per unit is exclude because it is not relevant ; it would be incurred either way

6 0

3 years ago