Increasing your responsibility will increase your value to the company. T or F

A ________ is a group of products that are closely related because they function in a similar manner, are sold to the same custo

Ray Of Light [21]

A product line is a group of products that are closely related because they function in a similar manner, are sold to the same customer groups, are marketed through the same type of outlets, or fall within given price ranges.

<h3>What is a group of products that are closely related?</h3>

A collection of related products is referred to as a product line.

<h3>What is a group of products called?</h3>

A group of related products made by the same company and sold under the same brand is referred to as a product family.
A business may develop a product family to capitalize on the devoted following of its original brand.

<h3>What is product group?</h3>

A set of departments, classes, subclasses, or things that are gathered together for a specific objective is known as a product group.
SIM employs product groups for the following purposes to plan and carry out various stock count procedures (Problem Line, Unit, and Unit and Amount product groups).

<h3>What is product and types of product?</h3>

Consumer products and industrial products are the two primary categories into which items are divided.
Consumer goods are those that the final consumer buys for personal use.
The customer buys these consumer goods to fulfill his own wants and requirements.

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6 0

2 years ago

Wheeler’s Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of ea

Elan Coil [88]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Estimated overhead costs:

Factory machinery depreciation 59,000

Factory supervisor salaries 140,500

Factory supplies 43,900

Factory property tax 27,750

Total overhead= 271,150

1)

First, we need to determine the estimated direct labor hours for the period:

Factory direct labor= 215,558

Direct labor rate= $12.11

Direct labor hours= 215,558/ 12.11= 17,800 hours

Now, we can calculate the estimated overhead rate:

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= 271,150/17,800= $15.23 per direct labor hour

2) To apply overhead, we need to use the following formula:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 15.23*18,900= $287,847

6 0

4 years ago

The four determinants in Porter's model of international competitive advantage include all of the following EXCEPT: Group of ans

ss7ja [257]

Answer:

<h2>In this instance,the correct answer is the first option in the answer choices given or political and economic institutions.</h2>

Explanation:

Porter's model of international competitive advantage thoroughly explains the factors or attributes that contribute to the competitive advantage of any country in the international market of various goods and services which can eventually strengthen the economic position of the country in the global commercial environment.This will subsequently generate economic benefits to any country in various trade and commercial activities in the international market.Now,as proposed by Porter,some of the forces or attributes that can ensure and strengthen a sustainable competitive advantage of any country in the global market include related or supporting industries,which can be used to provide productive resources and factors/inputs of production to facilitate the production of any good and service,factors of production,which refers to the efficient and productive utilization of the factors/inputs of production in the production process by domestic firms or companies,demand conditions,which indicate the overall scenario of consumer or commercial demand for goods and services in the country based on which domestic firms or companies can adjust or modify their respective production level that can potentially determine the overall production of goods and services in the country.However,Porter does not specify the role of major economic and political institutions in promoting or ascertaining international competitive advantage of any country.

6 0

3 years ago

Bridgeport Company has five employees participating in its defined benefit pension plan. Expected years of future service for th

frez [133]

Answer:Please see answers in explanation column

Explanation:

Cost per service year = obligation From benefit / Total years of service

Total years of service= 3+4+5+6+6=24

Cost per service year =$87,120/24 =$3,630

Year Jim Paul Nancy Dave Kathy Total × Cost Amortization

2020 1 1 1 1 1 5 × $3,630 $18, 150

2021 1 1 1 1 1 5 × $3,630$ $18, 150

2022 1 1 1 1 1 5 × $3,630 $18, 150

2023 1 1 1 1 4 × $3,630 $14, 520

2024 1 1 1 3 × $3,630 $10,890

2025 1 1 2 × $3,630 $7,260

Total $87,120.

3 0

3 years ago

Which of the following states is not a part of the Colorado River Upper Basin?

Galina-37 [17]

Oregon is not one of the states that is part of the colorado river upper basin.

5 0

3 years ago