All categories

2 years ago

Why is efficiency and innovation important to a society

1 answer:

8 0

Efficiency and innovation is important to a society because they are key components to bringing income into their economy and creating jobs for those within it. Being efficient means to use your resources wisely and get through work at a good pace. Being efficient doens't mean you need to rush through anything, just use your time and resources as best as you can. Innovation is important because it creates new ideas for consumers and producers to make and sell within an economy. When a new invention comes about, that gives opportunities for growth and expansion of a company or a new or old.

You might be interested in

EB10.

mafiozo [28]

Answer:

The question is incomplete; the complete question is given below.

Cost Pool Cost Driver Estimated Cost Driver Estimated Overheads

Material Material requisition 250,000.00 $105,000.00

Machining Machine hours 360, 750 $432,900.00

Inspection Number of inspections 25,000.00 $15,750.00

Answer:

Overhead rate per activity :Material- $0.42, Machining-$1.2, Inspection-$6.3

Explanation:

Activity-based costing aims to achieve better product pricing than traditional absorption cost by charging overheads to the product cost more accurately.

Activity-based costing uses cost drivers to charge overheads to cost unit as against the use of of volume-based bases like labour hours, machine hours. Overheads are first traced to the activities responsible for them- the sum is called cost pool. Cost pools are then absorbed into the cost unit using cost driver rates

Cost pool- the sum of the total overheads associated with an activity. E.g $105,000 material requisition overheads.

Cost driver: A factor that causes a change in the cost pool. E.g

250,000 material requisitions.

Cost per driver: A specific overhead absorption rate computed for an activity. It is calculated as follows:

Cost per driver = Estimated activity overheads/Total number of cost drivers

The predetermined overhead rate for each activity is calculated as follow;

Material requisition= $105,000/250,000 requisitions= $0.42 per requisition

Machining = $432,900/360,750 machine hours = $1.2 per machine hour

Inspection= $15,750/ 25,000 inspections = $6.3 per inspection

8 0

3 years ago

An aircraft manufacturer with a strong presence in the United States, is looking to expand its market overseas. The firm current

charle [14.2K]

The economic uncertainty in the U.S. market and the customers' preferences.

6 0

3 years ago

managers are the managers concerned with implementing the plans policies of top managers and supervising low level managers

Kazeer [188]

Answer:

Their responsibilities are influenced by top managers; however, their responsibilities are ... In order to do this, they must implement subunit strategies for achieving those objectives. ... They are concerned with intermediate range plan ... Managers at this level train and supervise the performance of nonmanagerial employees

7 0

3 years ago

The XYZ Corporation pays no cash dividends currently and is not expected to for the next five years. Its latest EPS was $18.00,

stellarik [79]

Answer:

current intrinsic value per stock = $26.35

Explanation:

year dividend EPS

0 0 $18

1 0 $20.88

2 0 $24.22

3 0 $28.10

4 0 $32.59

5 0 $37.81

6 $12.59 $41.97

growth rate up to year 5 = 16%

ROE growth rate starting year 6 = 11%

dividend growth rate starting year 6 = 11% x (1 - 30%) = 7.7%

cost of equity = 24%

horizon value at year 5 = $12.59 / (24% - 7.7%) = $77.24

current intrinsic value per stock = $77.24 / 1.24%⁵ = $26.35

4 0

3 years ago

The morgan company, a small furniture manufacturer, divides its organization into marketing, human resources, accounting, and pr

Leona [35]

The morgan company, a small furniture manufacturer, divides its organization into marketing, human resources, accounting, and production departments. this is an example of departmentalization by function

3 0

3 years ago