At high price levels, demand tends to be elastic and the price effect is small relative to the output effect.
Answer:
b. $ 2,000 overapplied
Explanation:
Firstly, we need to determine the predetermined overhead rate based on direct labor costs.
Estimated total manufacturing Overhead $ 350,000
Estimated direct labour costs $ 200,000
Predetermined overhead rate $ 350,000 / $ 200,000 $ 1.75 per $ of direct labour costs.
The total manufacturing overhead <u>applied</u> on direct labor costs of $ 208,000, is:
$ 208,000 * $ 1.75 <u> </u>$ 364,000
Actual overhead costs incurred <u>$ 362,000</u>
Manufacturing overhead over applied <u> $ 2,000</u>
Answer:
A partnership agreement is binding even if it is not in writing
Explanation:
A partnership is a relationship that exist between two or more people (Usually two to twenty people) to pool their resources and capital together and establish a business enterprise with the aim of making profit.
A partnership agreement can be written on unwritten. Even when unwritten, a partnership agreement is binding and is enforceable in the law court.
A written partnership agreement is called a partnership deed. partners are usually encouraged to have a partnership deed that clarifies the respective positions and duties of each partners.
Answer:The marginal cost of fourth unit is $589
Explanation:The marginal cost of a good is defined as the cost of producing an additional one unit which increases the total cost of such good. Therefore we can say that;
Marginal cost=Total cost at 4 units - total cost at (4-1) units
=total cost of the 4 units - total cost of the three units
=3,087 -2,498
=$589
Also using the formulae;
Marginal cost = Change in cost / change in quantity
= 3,087 -2,498/4-3 =589/1= $589
The marginal cost of fourth unit is $589
The scenario presented for the question:
(i). Revoking an individual's access rights to a particular set of files, but not all files
(ii). Revoking access to a particular file from a group of users, but not all users.
Answer:
(i). Capability List would be a better choice
(ii). Access Control List (acl) would be a better choice.
Explanation:
(i). Revoking an individual's access rights to a particular set of files, but not all files
A capability list is a better choice here. All one needs to do is go to the individual's capability and remove the capability that gives the individual rights over those particular set of files one wants to revoke. This would not be possible for acl, as one would need to go to each file in the particular set of file to be revoked, confirm if the individual has a right for each file and then revoke. This process will take more time.
(ii). Revoking access to a particular file from a group of users, but not all users.
Access Control List (acl) would be a better choice because one can simply access the particular file acl and revoke the rights of the group of users they intend to.This is not the case for capability list, as one would need to confirm from the capability list of each user to know if they have access to the particular file and revoke their access. This will take more time.
