Answer: $495,000
Explanation: Opportunity cost can be defined as the cost of profits that were foregone by choosing one alternative over other. It is a part of economic cost and is not considered while calculating the accounting cost.
In the given case, company has to forego the sale of 3000 units due to the special order production, thus, the lost sale of those 3000 units is the opportunity cost of fulfilling the special order.
This, can be computed as follows :-
opportunity cost = 3000 units * $165
= $495,000
Answer:
The $18 per unit is a:
sunk cost.
Explanation:
Chang's cost incurred per unit of $18 is a sunk cost. A sunk cost is a cost that has already been incurred. It does not make a difference in a future decision. This implies the Chang may decide to correct the defect or otherwise. What decision it takes should be based on the cost and revenue that results from the next decision, and not the past decision.
Answer:
True
Explanation:
Strategic management requires incorporation into a cohesive whole of all roles and activities of an organization. Management is described as the mechanism by which people within the organization are prepared, coordinated, guided and managed to use resources effectively to achieve the organizational objectives.
We usually see yellow lines when the road is for 2 way. Meaning the road is divided for 2 traffic counter traffic flow.
When you were able to cross from one way to the other way which is separated by the yellow line, then expect that you are doing counter flow and you are doing a violation.
There are different kind of lines that are being put in the road, the broken white line, the broad white line and more.
And all of them has different kind of meaning.
Broken white lines - you can change your lane as long as it is safe
Solid white line - you must stay on your lane
