<span>When a manager makes a decision based on the strong beliefs she already has, ... The rational model of decision making assumes that managers will choose the ... If a chosen alternative is implemented and it does not appear to be working, ... In time-critical situations, satisficing may be a good approach to decision making.</span>
Answer:
A) $21.50 per machine hour
B) $40.80 per direct labor hour
Explanation:
A) factory 1 overhead ⇒ on the basis of direct machine hours.
overhead rate factory 1 = estimated total overhead costs factory 1 / estimated machine hours
= $12,900,000 / 600,000 machine hours = $21.50 per machine hour
B) factory 2 overhead ⇒ on the basis of direct labor hours.
overhead rate factory 2 = estimated total overhead costs factory 1 / estimated labor hours
= $10,200,000 / 250,000 labor hours = $40.80 per direct labor hour
Answer:
i a depreciation of its currency;
Explanation:
A flexible exchange rate is when exchange rate is determined by the forces of demand and supply.
an expansionary monetary policy is a policy where the monetary authorities increase the money supply in the economy.
If exchange rate is flexible and an expansionary monetary policy is carried out, the supply of money would exceed its demand. as a result, the value of money would fall. this is known as depreciation
Answer:
1) See the attached excel file for the analysis of the possible operating income for Classic Limo, Inc.
2) The scenario with the highest operating profit $280,500 which is Excellent with $40 Contribution Margin and 10,500 Numbers of Customers.
Explanation:
1) Using the above information, construct an Excel spreadsheet to prepare an analysis of the possible operating income for Classic Limo, Inc.
Note: See the attached excel file for the analysis of the possible operating income for Classic Limo, Inc.
2) If you were manager of Classic Limo, Inc. and had to choose only one budget scenario to use for planning for the year, which one of the nine scenarios would you choose?
The scenario that would be chosen is the scenario with the highest operating profit $280,500 which is Excellent with $40 Contribution Margin and 10,500 Numbers of Customers.
