Answer:
Estimated manufacturing overhead rate= $30 per direct labor hour
Explanation:
Giving the following information:
Indirect labor= $2,400,000
Factories utility= $900,000
Total overhead= 3,300,000
Direct labor hours= 110,000
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= 3,300,000/110,000= $30 per direct labor hour
Answer:
c. absolute advantage over Kilim.
Explanation:
Ithilium, a European country, is able to produce more electronics than Kilim, a North American country, even though both countries use the same amount of resources. Given this information, it can be deduced that Ithilium has absolute advantage over Kilim.
Comparative advantage refers to when a company produces the same number of outputs with <u>lower opportunity costs </u>while absolute advantage is when a country <u>produces more outputs from less resources</u>.
In the scenario, we are not given opportunity costs and we are not looking at the costs of producing a unit of output but rather how much output a country can get from a given level of resources which is in line with the concept of Absolute Advantage.
.
Its Polychronic culture use of time.
Explanation:
The polychronic has a meaning that the person is open to do different things in the same time. When it comes to a culture, it means the person is raised in the way that they accept an interruption while doing one thing. They are raised that it is normal for a person to do many things in the same time.
The opponent of polychronic is a monochronic culture. In monochronic a person is raised in the way that he should be focus only on one thing. Polychronic culture often be seen in
- Arabic,
- Middle-East,
- and African countries.
- While
While Monochronic usually can be found in
- United States
- North European countries.
Learn more about monochronic culture in brainly.com/question/6861769
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Answer:
Focused differentiation.
Explanation:
This strategy usually focuses on narrow segments which tends to achieve either an advantageous cost or differentiation.
Differentiation is also said to involves making your products or services different from and more attractive than those of your competitors. How you do this depends on the exact nature of your industry and of the products and services themselves, but will typically involve features, functionality, durability, support, and also brand image that your customers value.
Answer:
7208.9
Explanation:
Calculate the expected cost per stockout with the following information: Probability of a back order is 67%, lost sale is 22%, and the probability of a lost customer is 11%. The cost per incident of a back order is $50, lost customer is $65,000. The sales price of the item is $12 with a 20% profit margin. The average order is 50.
expected cost is the probability that a certain cost will be incurred multiplied by the cost.
Stockout cost can be defined as the lost income and expense in relation to a shortage of inventory.
Expected cost/stockout=Probability of stockout *expected demand
Probability of a back order is 67%
lost sale is 22%
probability of a lost customer is 11%.
expected demand for back order $50
The average order is 50.
lost customer is $65,000
The sales price of the item is $12 with a 20% profit margin
.67*50+.11*65000+.22*50+1.2*12
33.5+7150+11+14.4
=7208.9
