Investing in human capital make sense both on broad economic and individual scale, because capital consists of anything that can enhance a person's power to perform economically useful work. Human capital is the capital <span>possessed by individuals and groups. like talents, knowledge, experience, wisdom...Possessing this kind of capital will result in individual success but also in broad economic, because with bigger human capital the person is able to achieve better results and to earn more, so at the end the person can spend more. </span>
Answer:
Estimated indirect costs allocation rate= $14 per direct labor hour
Explanation:
Giving the following information:
Estimated direct labor hours= 23,000
Estimated indirect costs= $322,000.
To calculate the allocation rate, we need to use the following formula:
Estimated indirect costs allocation rate= total estimated indirect costs for the period/ total amount of allocation base
Estimated indirect costs allocation rate= 322,000/23,000
Estimated indirect costs allocation rate= $14 per direct labor hour
Answer:
d. $432,590
Explanation:
In this scenario cost varies with volume of calls. This is called variable cost and is defined as cost that changes as the quantity of goods and services changes. Variable cost is a summation of all the marginal costs of units produced. They rise as production increases and vice versa.
To calculate the variable cost= Total cost/ volume
Variable cost= 452,500/25,000
Variable cost= $18.10
At a new volume of $23,900
Total cost= Variable cost * Volume
Total cost= 18.1* 23,900
Total cost= $432,590
Based on the information given, it can be illustrated that the form of business organization that's depicted is a business trust.
A business trust is also known as common law trusts. They are legal instruments that provide a trustee the authority and power to be able to manage the interest of a beneficiary in a business.
Since Overseas Shipping Corporation and Port Storage Company transfer their assets to Quality Operations, Inc., which manages the assets and distributes the profits to the beneficiaries. This is known as a business trust.
Learn more about businesses on:
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<span>DMAIC stands for define, measure, analyze, improve, and control. The identification of the root causes of the problem are found in the analysis stage. After the problems are discovered, they are then confirmed by data. This stage helps answer why a problem is happening.</span>
