Answer:
E. Over applied overhead
Explanation:
Over applied overhead is defined as excess amount of overhead applied during a production period over the actual overhead incurred during that period. In other words, it means excess overhead applied to work over the amount of overhead actually incurred.
When this occurs, it is called favourable variance and it is added to the budgeted profit in the end of the accounting period in a financial statement.
Terrence should be concerned about groupthink.
- Groupthink refers to the common opinion or group consensus suppresses people's ability to provide alternative solutions to the problem as a result all the members of the group agree on the same conclusion.
- The desire to promote group cohesion and deduction of common conclusion to a problem negatively affects the promotion of thinking abilities, good decision making abilities, and problem solving abilities of group mates.
- When a team mates derive a common conclusion without an elaborate discussion or with a little discussion. It is indicative of problem of groupthink.
Hence, Terrence should be concerned about groupthink as the team agree on most decisions with little discussion.
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Answer:
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Answer:
See attachment for 1 and 2
Explanation:
Number 2 (continuation)
ISP should process the soy meal into soy cookies because that increases profit by $263. However, ISP should sell the soy oil as is, without processing it into the form of Soyola, because profit will be $56 higher if they do. Since the total joint cost is the same under both allocation methods, it is not a relevant cost to the decision to sell at splitoff or process further.
Answer: $105.49
Explanation:
The Value of the stock today is given by;



P3 = $105.49