Answer:
The Answer is D: Nominal group technique
Explanation:
From the question, it is clear that the CEO of Mi Ola is encouraging everyone to bring up that idea they have in mind. She is encouraging everyone to make a decision as it is never wrong as long as you're moving. Bounded rationality talks about making rational decisions that will most likely satisfy personal needs. This does not seem to be the kind of statement made here. The statement is like a booster to everyone to come up with ideas, which bring us to the concept of nominal group technique. This technique encourages contributions from an entire team and encourages swift agreement on the relative significance of problems, issues, and solutions.
Answer:
The closest answer is 49.
Explanation:
Given that,
Annual demand, D = 43,000 units
Ordering cost, O = $200
Per unit cost of the item = $50
Annual holding cost, H = annual holding rate × Per unit cost of the item
= 35% × $50
= $17.5
= 991.39
= 992 units
Therefore,
Number of orders per year = Annual demand ÷ EOQ
= 43,000 ÷ 992
= 43.34
Hence, the closest answer is 49 and this is not given in the question.
Answer:
d.total factory overhead cost variance.
Explanation:
In manufacturing accounting, at the beginning of the period, manufacturing overheads (i.e. costs other than Direct Material and Direct Labor) has been applied to Work-in-process using a predetermined overhead rate. At the end of the period, if the manufacturing overhead account shows a debit balance, that signifies that overhead has been under-applied (i.e. the manufacturing overhead cost applied to work in process is <u>less </u>than the actual manufacturing overhead cost for the period), and contrariwise if the manufacturing overhead account shows a credit balance, it means the overhead is over-applied (i.e. the manufacturing overhead cost applied to work in process is <u>more </u>than the actual manufacturing overhead cost for the period). In any case this balance warrants an adjustment to close out the books, by transferring it to the cost of goods sold account.
Answer:
$23,160
Explanation:
The Total interest = 15,040 + 4040 + 1040 + 3040
Total interest = $23,160
Hence, the Interest deductable this year = $23,160
Answer:
Costs are subtracted from revenues.
Explanation:
As we know
Profit is calculated when the cost is subtracted from revenues.
In mathematically,
The profit = Revenues - cost
The profit which would be calculated above is shown in the debit side of the income statement.
As the income statement records all the expenses or cost incurred and all the revenues which are generated
