Answer:
The correct answer is the letter b. “The cost of goods sold to be understated.”
Explanation:
In calculating its indirect profit rate, Brady Company no longer included a cost component. By dividing the total cost by the products sold, the cost of each individual product will be underestimated, this will underestimate all the production sold, meaning the costs of the products will appear to be lower than they really are, and your profits will appear to be higher than they really are.
Answer:
A bureaucracy
Explanation:
Bureaucracy is an organisational structure that is aimed at maintaining uniformity and control in an organisation.
This is achieved through established processes and ways of interaction between staff.
Bureaucracy is characterised by multiple layers and complex processes that makes actions and decisions slow.
This is exemplified in the given scenario where XYZ Corporation has a distinct division of labor, consistent rules, and a clear hierarchy. Managers maintain distance between themselves and subordinates, and promotions are awarded based on technical expertise.
<span>The term manufacturing overhead represents all factory-related costs that are incurred when a product is manufactured. </span>When a job order costing system is used, actual manufacturing overhead costs are debited to <span>the Manufacturing Overhead account. It includes both direct materials and direct labor.
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To put it simply, they have to develop a product that make people want to pay to acquire it.
Sellable product usually either :
- able to make people happy ( such as movies, music, Delicious food, etc) or
- Able to make people's life become easier ( such as Gadgets, consultation service, etc)
Answer:
The circular flow model shows the interaction between two groups of economic decision-makers―households and businesses―and two types of economic markets―the market for resources and the market for goods and services.
