Answer: Debit to Factory Overhead.
Credit to Factory Utilities Payable.
Explanation:Utilities are part of actual overhead costs. It is a necessary cost in order to operate the factory, but is not DIRECT Labor or DIRECT Material.
Answer:
real-world changes in which no one is harmed are rare or nonexistent.
Explanation:
Pareto optimality, also known as Pareto efficiency was named after Vilfredo Pareto and it refers to an economic system in which no additional changes can make a person better off without making at least one person worse off.
This ultimately implies that, when there's a maximum level of efficiency in the allocation of goods and resources in an economy and no further changes can be made without making at least one person worse off. Thus, it can only exist in theory but not in reality.
The main reason the usefulness of Pareto optimal policies is limited as a policy guide is that real-world changes in which no one is harmed are rare or nonexistent because the goods and resources cannot be reallocated.
Answer:
True
Explanation:
The Fed makes overnight loans to comercial banks which loan to general public.
Answer:
Operation processes transform input into output in different ways, among them volume, variety and variation dimensions.
A canned fruit factory follows a volume dimension in the operation process. There is a high demand for canned fruits making it a high demand process whose high volume can be automated or standardized. This systemization leads to a lower cost base.
A hair salon uses a variety dimension in operation processes. Variety relates to a variety of goods or services being sold to customers. This increases sales and profit potential as opposed to offering one or two products. Hair salons have a lot of beauty and hair style offers.