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3 years ago

Of the following products, which one would typically carry high psychological risk for the average consumer?

Business

1 answer:

dedylja [7]3 years ago

4 0

Answer:

an expensive mink coat

Explanation:

High psychological or perceived risk refers to the uncertainty that a consumer may have when he/she is purchasing a good or a product. Usually expensive goods carry a high perceived risk, e.g. house, boat, jewelry, car, etc.

In this case, an expensive mink coat carries high perceived risk because it is an expensive product and a customer considers the pros and cons of purchasing it.

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A company bases its predetermined overhead rate on direct labor cost. For next year, total factory overhead cost is estimated at

AlekseyPX

Answer:

Allocated MOH= $18,750

Explanation:

Giving the following information:

The estimated total factory overhead= $300,000

Total estimated direct labor cost= $240,000.

The actual direct labor cost was $15,000.

First, we need to calculate the estimated overhead rate based on direct labor cost. Then, we can allocate overhead.

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 300,000/240,000= $1.25 per direct labor dollar

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 1.25*15,000

Allocated MOH= $18,750

3 0

3 years ago

Sheffield Company had sales in 2019 of $1,842,400 on 65,800 units. Variable costs totaled $1,184,400, and fixed costs totaled $4

vlada-n [284]

Answer:

Assuming that no changes happened, 2020 sales and expenses should be similar to 2019's:

Total Per unit

Total sales $1,842,400 $28

Variables costs ($1,184,400) ($18)

Contribution margin $658,000 $10

Fixed costs ($498,000) ($7.57)

Operating income $160,000 $2.43

5 0

3 years ago

Chris has a job as a sales representative for a pharmaceutical company. The company offers both quarterly and annual bonuses bas

earnstyle [38]

Answer:

c. remuneration of personnel

Explanation:

Henri Fayol developed the fourteen principles of management.

One of the fourteen principles being, Remuneration of personnel.

Fayol was of the opinion that in order to extract the best performance from employees, appropriate remuneration system must exist in an organization.

This meant emphasizing on employee satisfaction by following fair remuneration practices coupled with adequate incentive system which rewards good performance.

In the given case, the pharmaceutical company offers performance based incentives in the form of quarterly as well as annual bonuses in addition to an existing profit-sharing plan for employees. This is an example of Fayol's principle of Remuneration of personnel.

8 0

3 years ago

Functions of marketing

Dmitry_Shevchenko [17]

Answer:

There are seven widely accepted marketing functions that contribute to the overall work of marketers. The seven functions include: Promotion. Selling. Product management. Pricing. Marketing information management. Financing. Distribution. Why are the seven marketing functions important? The seven marketing functions are important since each of them represents a category of activities that occurs in marketing.

5 0

2 years ago

Read 2 more answers

Coca-Cola uses a process cost accounting system and a weighted-average cost flow assumption. The department adds materials at th

Naddik [55]

Answer:

Explanation:

Opening units 25000

Started 75000

100000

Transffered 70000

Closing 30000

we will draw the table using the weighted average method through that we will be able to identify equivellent production units and cost per unit with respect to material and conversion cost.

cost opening current Total complete Wip equivalent Cost

head cost Units p.unit

Material 80,000 190,000 270,000 70,000 30,000 100,000 2.70

C.cost 13,000 137,100 150,100 70,000 12,000 82,000 1.83

4.53

Complete 70,000 4.53 317,134

Closing Wip

Material 30,000 2.70 81,000

Labour 12,000 1.83 21,966

102,966

Total Cost 420,100

in the table Closing wip units related to Conversion cost represent 40% completion.

opening wip CC units 70% have been completed in the current which are included in complete units i.e 70000 units

8 0

3 years ago