Answer:
(a) DM
(b) DL
(c) MO
(d) MO
Explanation:
(a) Frames and tires used in manufacturing bicycles.
This is cost directly related to the materials used in manufacturing a product and, thus, should be classified as a direct material cost (DM).
(b) Wages paid to production workers.
This cost is directly related to pay for the labor required to manufacture a product and, thus, should be classified as a direct labor cost (DL).
(c) Insurance on Factory equipment and machinery.
Although this is a cost incurred from manufacturing, it can't be directly linked to either materials or labor since it is an structural cost and, therefore, should be classified as a manufacturing overhead cost (MO).
(d) Depreciation on factory equipment
For the same reason as the previous item, this should be classified as a manufacturing overhead cost (MO).
Dr. Regan was hired to help retain employees by the Siri corporation without losing money and expectations. He was the one who suggested that employees could decorate their work spaces and this would help employees feel more comfortable where they have to work 8 or more hours per day. This then helped the company by people not calling in and less people quit their jobs. Dr. Regan was most likely an industrial and organizational psychologist. Many companies hires these types of psychologists to help their employees with stress at work and to put employees at ease.
Answer: Forecasting is exclusively an objective prediction.
Explanation: In simple words, the process of predicting any future event by analyzing the past data is called the forecasting. The factors that an analyst takes from the past could be both qualitative and quantitative.
The forecasting process is done for a specified period and not for infinity. In other words, it is the study of trends and predicting how these trends could change in the future.
Hence from the above we can conclude that the correct option is B.
Answer:
Please find the complete solution in the attached file.
Explanation:
