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When you excersise, your target heart rate should be between 25% to 70% of your maximum heart rate. Your target heart rate r at 70% can be determined by the formula r=0.7(220-a) where a represents your age in years. Solve the formula for a.</span>
Answer:
Cost Per Unit Completed = $4.07
Explanation:
Materials & Conversion
Beginning WIP Cost $4,300
<u>Cost added in the period $109,700</u>
Total Cost of the Units $114,000
Equivalent Units of Production (EUP): Completed Units + Ending WIP Units
EUP Materials & Conversion= 27,000 + 5,000 x 20% = 28,000
Cost per Equivalent Unit: Cost of Units / EUP
Cost per EUP Materials & Conversion: $114,000 / 28,000 = $4.07
Bob has an autocratic buying center culture
Reason: Here we refer to "hands on" management style which means Bob has supreme power on all his employees. Everything in the organization has to be done as per his terms. Hence we can say that this is an autocratic form of culture
Consumers determine value of the product on the basis of the opportunity cost to buy the product.
Opportunity cost – in macroeconomic theory, the opportunity cost of one activity is the loss of value or benefit that would be incurred by engaging in that activity, in comparison to engaging in an alternative activity offering better return in value or benefit.
When the consumers calculate the value of product, they look at the benefits and then subtract the cost to see if the benefits exceed the costs.
Therefore the consumers determine value of product on the basis of opportunity cost to buy the product by doing cost benefit analysis.
Learn more about opportunity cost here
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