<u />Unity of command is a principle wherein no subordinate in an organization reports to more than one boss.
Each department in a company has only one boss. Every boss of the department reports to one higher authority, and so on.
This is to avoid confusion among subordinates and to ensure that the authority of the boss is not diminish by the authority of another boss.
Answer:
$73.86 per unit
Explanation:
The computation of the cost per unit under the absorption costing is as follows
= Direct material per unit + Direct labor per unit + variable overhead per unit + fixed overhead per unit
where,
Variable overhead cost per unit
= $288,000 ÷ 36,000 units
= $8 per unit
And, the fixed overhead cost per unit is
= $102,920 ÷ 36,000 units
= $2.86 per unit
So the cost per unit is
= $32 + $31 + $8 + $2.86
= $73.86 per unit
Answer:
Prepare closing entries for Wildhorse Co. on December 31, 2017
Explanation:
Sales revenue 417.650
Sales discount 15.020
Cost of goods 224.679
Selling expense 16.320
Administrative expense 38.719
Income tax expense 30.480
sales return and allowance 11.914
retained earnings 104.346
Answer:
The basic difference between both are explained below.
Explanation:
Explicit collusion is where firms meet and agree to charge the same price, and an example of implicit collusion is price leadership. Unlike explicit collusion, implicit collusion unlike explicit collusion, implicit collusion is where firms signal to each other without actually meeting and agreeing to charge the same price.
Unlike explicit collusion, wherever the occurrence of an accommodation that would lend ammunition for an antitrust court case might be unscrewed, implied collusion is challenging to document as well as to verify. Implicit collusion frequently seems to be nothing more than all firms individually responding to shifting market circumstances.
