Answer:
The correct answer is: True.
Explanation:
The basic or fundamental problem in economics is people have unlimited wants and needs and the resources are limited. These limited resources have alternative uses and are used to satisfy unlimited wants and needs.
These resources are to be used rationally in such a way that total utility or consumption derived is maximized.
Answer:
The Serbanes-Oxley Act requires the Chief Executive Officer and the Chief's Financial Officer to vouch for the truthfulness and fairness of a firm's financial disclosures.
Explanation:
The CFO being in charge of the firm's financial affairs is saddled with such responsibility while the CEO being the one man at helms of affairs of the company is also responsible for the firm's financial probity,coupled with the fact the CFO may be required to report to the CEO depending on the structure of the firm.
Answer:
Activity rate = $176 per hour
Explanation:
<em>Activity-based costing is a form of absorption costing where overheads are charged to product using cost drivers. </em>
<em>Under this method, overheads are first analyzed and categorized by the activities responsible for them and then charged to product based on the amount of benefits enjoyed using cost drivers. </em>
<em>Activity rate per driver is calculated as: </em>
Activity overhead for the period / Total cost drivers for the period Designing products activity cost pool= designing cost /product design hours
= $1372,448/7,798 hours
= $176 per hour
Answer:
post purchase behavior stage
Explanation:
The post purchase behavior stage is the last stage in the buying decision process. At this stage the company (or an individual) will evaluate whether they are satisfied with the product or service they purchased. Did the product or satisfied all their needs? Was it better than expected, or worse? Was it delivered on time, the technical support was good? etc.
If the evaluations are positive during this stage, then the company (or individual) are likely to repeat the purchase, if not, then they will probably choose another supplier.
Answer:
Hence, Cisco's materials usage variance is 12,000 Unfavorable
So, the correct option is c. $12,000
Explanation:
Material Usage variance : The computation of material usage variance is shown below:
= (Standard Quantity - Actual Quantity ) × Standard price per pound
where,
Standard Quantity = Production units × Material allowed per unit
= 12,000 × 1.5
= 18,000 pounds
So,
Material Usage Variance = (18,000 - 19,500) × $8
= 12,000 Unfavorable
Hence, Cisco's materials usage variance is 12,000 Unfavorable
So, the correct option is c. $12,000
