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3 years ago

Which of the following is an allocation base commonly used under the traditional methods for allocation of overhead costs?

Business

1 answer:

Ksju [112]3 years ago

6 0

Answer: Direct labor hours

Explanation: In simple words, direct labor hours refers to the standard amount of time that the labor takes to complete a task. It is a very common and has been used traditionally as an allocation base for the overhead costs.

Using this as a base, the accountant can allocate the overheads by allocating the per unit cost on the basis of direct labor hours worked in a particular span of time.

Hence, from the above we can conclude that the correct option is B.

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The ________ stage of the new-product process assesses the total "business fit" of the proposed new product with the company's m

xeze [42]

Answer:

The answer is market strategy development stage.

Explanation:

During the market strategy development phase, it is analyzed if your product fits into your business strategic plans. A probable demand, the costs and the margins are estimated. Questions like what is the target market and which market share is expected need to be answered.

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3 years ago

Non-typical business problems with causes and effects that are rapidly changing are typically handled by which type of informati

DanielleElmas [232]

Answer:

DSS.

Explanation:

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3 years ago

How does a non-binding price ceiling impact equilibrium price and quantity in a competitive market?

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A non binding celing would just keep colapsing fr

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3 years ago

Consider an economy with only two goods: bread and wine. In 1982, the typical family bought 4 loaves of bread at 50¢ per loaf an

mylen [45]

Answer:

115

Explanation:

Data provided in the question:

Number of breads bought = 4

Number of wine bottles bought = 2

Cost of bread in year 1982 = 50 cents = $0.5

Cost of wine bottle in year 1982 = $9

Cost of bread in year X = 75 cents = $0.75

Cost of wine bottle in year X = $10

Now,

The CPI is calculated as:

CPI = $\frac{\textup{Cost of basket in the given year (i.e year X)}}{\textup{Cost of basket in the base year (i.e 1982)}}\times100$

thus,

CPI for year X = $\frac{\$0.75\times4+\$10\times2}{\$0.5\times4+\$9\times2}\times100$

CPI for year X = $\frac{\$23}{\$20}\times100$

CPI for year X = 1.15 × 100 = 115

7 0

3 years ago

A company produces fruit juice in five different flavors (Mango,Guava,Apple,Grape and Tropical). A local supermarket sells the p

djverab [1.8K]

Answer:

3 ÷ 5

Explanation:

Data provided in the question according to the question is as follows

There are five different flavors like Mango, Guava, Apple, Grape, and Tropical = 5

And, the three flavors i.e Guava, apple and the Grape = 3

So, the probability of the above three flavors is three flavors and the five flavors relation i.e shown below

= 3 ÷ 5

Hence, the answer is 3 ÷ 5

5 0

3 years ago