Closest to the view of the majority of voters.
The Anthony Downs model attempts to apply economic theories to political decision making.
Answer:
5. Basic underlying assumptions
Explanation:
Basic underlying assumptions represent the core and essence of culture which are too difficult to observe because they exist in unconscious levels and least observable part of a culture. They can be taken lightly but they have a great influence and form the key to understanding why things are they way they are.
Future value<span> is the </span>value<span> of an asset at a specific date. It measures the nominal</span>future<span> sum of </span>money<span> that a given sum of </span>money<span> is "worth" at a specified time in the</span>future<span> assuming a certain interest rate, or more generally, rate of return; it is the present </span>value<span> multiplied by the accumulation function.</span>
The ending inventory at the end of the second period is 400 units
What is ending inventory?
Ending inventory means the quantity of stock left unsold at the end of a period.
It is determined as beginning inventory plus production units minus quantity sold or demanded.
Ending inventory first month=500+1000-900
Ending inventory first month=600
Ending inventory second month=600+1000-1200
Ending inventory second month=400
Find in the link below further explanation on ending inventory.
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Answer: The options are given below:
A. Use of a single predetermined overhead rate.
B. Use of direct labor hours or direct labor cost to assign overhead.
C. Assumption of correlation between direct labor and incurrence of overhead cost.
D. Use of multiple cost drivers to allocate overhead.
The correct option is D.
Explanation: The traditional costing system refers to the allocation of factory overhead to products, and this is based on the total amount of production resources that have been consumed.
When using the traditional costing system, the overhead is usually applied based on either the total number of direct labor hours consumed or the total number of machine hours used.
The traditional costing systems treat overhead costs as a single pool of indirect costs. Traditional costing is optimal when indirect costs are low when in comparison with direct costs.
