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trapecia [35]
2 years ago
14

Marketing is not needed in a ______________ economy. Select one:

Business
1 answer:
aliina [53]2 years ago
6 0

Answer: c. Pure subsistence economy

Explanation:

Marketing is needed in an economy where there are at-least two parties who want to exchange goods or service for money or something else. However, in a pure subsistence economy the goods are produced for self subsistence and not for exchange in the market. It is an economy in which each family unit produces everything that it consumes. In such subsistence economies there is no need for marketing.

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Eaton Tires manufactures tires for dune buggies and has two different products, nubby tires and smooth tires. The company produc
saw5 [17]

Answer:

Materials handling= $60 per requisition

Machine setups= $110 per setup

Quality inspections= $95 per inspection

Explanation:

<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

<u></u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Materials handling= 60,000/1,000= $60 per requisition

Machine setups= 55,000/500= $110 per setup

Quality inspections= 57,000/600= $95 per inspection

4 0
3 years ago
Rivera Company manufactured two products, A and B, during April. For purposes of product costing, an overhead rate of $2.00 per
OlgaM077 [116]

Solution :

a). The assigned total cost is :

$A =\$ \ 8000$

$B =\$ \ 24,000$

Total overheads                                 $ 500,000

Total hours                                             250,000

Plantwide overhead rate                        $ 2

Cost assigned to :

A ( 2 x 4 x 1000)                                   $ 8,000

B ( 2 x 4 x 3000)                                  $ 24,000

b).                                                      Department 1         Department 2

Overheads                                       $ 300,000                 $ 200,000

Hours                                                   200,000                       50,000

Overhead rate                                 $ 1.50                           $ 4.00

Overheads for the product A                        $ 8,500

  (1.5 x 3 + 4 x 1) x 1000

Overheads for the product B                        $ 40,500

  (1.5 x 3 + 4 x 1) x 3000

c).                                                          Plant wide          Departmental

material and labor                                  $ 10                        $ 10

overheads                                               $ 8                         $ 13.50

Total                                                         $ 18.00                  $ 23.50

Add: profit                                                $ 7.20                    $ 9.40

Selling price                                             $ 25.20                 $ 32.90

The difference               $ 7.70

Therefore, the increase in the selling price = $ 7.70

3 0
3 years ago
The school board is trying to evaluate a new math program introduced to second-graders in five elementary schools across the cou
Komok [63]

Answer:

a) The chart tell us that all the point are between the upper and lower control limits, so the process is under control.

b) Since the process under control, the number of defects are controled and we know with a 99.3 % of certainty the average of them, so the program is  effective.

Explanation:

In order to draw a C chart we should calculate the  average test errors and the control limits of the chart

The average test errors is = (52+27+35+44+55)/5= 42.6 = c

This will be the middle line in the chart.

Then, the Upper and lower control limits are:

LCL=  c-m *sqr(c) and UCL= c+ m *sqr(c)

In this case, since we are told to contain the 99,7% of random variation, this means that we are working with a 6 sigma.

So m will be 3 (3 sigma) for the upper limit control and 3 (3 sigma) for the lower limit control:

LCL= 42.6 -3*sqr(42,6) = 23.0

UCL= 42.6+3*sqr(42,6) = 62.2

(the graphic is attached)

As we can see, al the test error values are between the control limits, so the program is undercontrol

Download xlsx
6 0
3 years ago
Connor ​Company's budgeted prices for direct​ materials, direct manufacturing​ labor, and direct marketing​ (distribution) labor
GalinKa [24]

Answer:

The answer is attached.

Explanation:

All the calculations were made based on the data provided by the exercise. It was a little difficul to rebuild the table, but with a little bit of research was possible. If any question, please no doubt to contact me.

Download xlsx
6 0
3 years ago
The account receivable turnover measures: Multiple Choice All of the options are correct. How often, on average, receivables are
denpristay [2]

Answer:

How often, on average, receivables are received and collected during the period

Explanation:

An account receivable is an accounting entry that measures the amount which a firm or organization will receive soon that is not paid yet by the customers. Likewise, account receivable turnover measures the average amount received and collected in a particular period. It helps to understand the average receivable amount and what must be changed to improve it.

6 0
3 years ago
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