Answer:
Third one....The interest rate on your savings account will vary over time and be set by the government
Earn interest at a norminal rate.
Answer: False
Explanation:
Different departments incur different types of costs based on the product that they are producing. It would therefore not be right to use the same rate for all departments as it might capture cost inadequately.
The overhead rate should always take into account the unique circumstances of a department such that costs can be assigned as accurately as possible.
Answer: Production orientation
Explanation: It refers to a strategy when the company focuses only to provide the best quality product in the market without taking into consideration the preference of the customers.
In the given case, Steel makers are focusing on making their business process the best in market so that they can gain a competitive advantage.
Thus, from the above we can conclude that the correct option is C.
Answer: Direct materials and direct labor.
Explanation:
Prime costs are the basic expenses a production company pays for to enable production. The prime cost basically involves cost on labor and raw materials needed for production.
