Answer:
Allocated overhead = $704,200
Explanation:
Allocated overhead = overhead absorpton rate × labour hours
Overhead absorption rate = estimated overhead /estimated labour hours
= $( 330,000 + 300,000 + 46,000 + 330,000)/(3000+7000) labour hours
=$100.6 per hour
Overhead to be allocated to Product P99Y= $100.6
× 7000
= $704,200
Allocated overhead = $704,200
The answer from the given options is "culture shock".
Culture shock refers to an experience an individual may have when one moves to a social domain which is not quite the same as one's own; it is likewise the individual confusion a man may feel while encountering a better approach for life because of migration or a visit to another nation, a move between social situations, or basically change to another sort of life. One of the most well-known reasons for culture shock includes people in a foreign environment or situation. Culture shock can be depicted as comprising of at least one of four particular stages: vacation, arrangement, modification, and adjustment.
These three terms should not be interchanged in a Hospitality and Recreation Management Business. These are the meanings of each:
a. self-service - the customer does all the work on his own (i.e. get water, spoon and fork)
b. limited-service - a usual scenario seen in fast-food chains
c. full-service - hotel services and recreational amenities offer this kind of service.
Answer:
The zero-based budget ensures that every dollar you make is assigned a specific purpose
Explanation:
Zero-based budge: It is also known as "zero-sum budget".
It refers to the process of creating a budget from nothing without using the previous year’s budget. It enables a firm allocate all its resources to expenses and debt payment.
Zero based budget ensures that every income made is allocated to a particular purpose without a remainder. The major goal of zero based budget is to ensure that revenue (income) less expenditure (spendings) is equal to zero.
That is, in zero based budgeting,
Income - expenditure= zero (0).
In other words,
income= expenses
Answer:
EXPORT
Explanation:
If the domestic price of a country for a good is lower than world price before trade, it mean that the country is producing that good efficiently - at a cheaper cost. After trade, the country would export the good, so that the world can produce more of the goods it produces efficiently.
If the world price is below domestic price of a country before trade, after trade, the country would import
