Answer:
The correct answer is $165,000
Explanation:
Firstly the activity based costing is one of the most popular method of costing that is mainly used by manufacturing companies because of its accuracy , as it produces true cost data and properly classify's the cost incurred by the corporation in its process of manufacturing goods. Here cost would be identified and assigned to the overhead activities of the company and then those costs would be assigned to those goods.
Here for calculating the product cost for the tool bits we will see which cost are directly related to the tool bits.
So product cost for tool bits = cost of sanders for polishing tool bits
+
sales commission paid for tool bits
+
building space used for manufacturing the
tool bits
= $50,000 + $100,000 + 20% of $75,000
= $150,000 + 20/100 x $75,000
= $150,000 + $15,000
= $165,000
Answer:
Moral Idealism
Explanation:
Based on the information provided within the question it can be said that the voluntary action by 3M is an example of Moral Idealism. This term refers to a personal moral philosophy that puts specific rights and duties above all else regardless of the consequences. Which is what 3M seems to be demonstrating by stopping production after finding out that the product they were selling may be harmful.
A downfall of the infant-industry argument is that o<span>nce established, a tariff is politically difficult to remove.
For new industries, it almost impossible for a new startup to compete against a well-established industry unless they have a unique differentiation in their product.</span>