Answer:
the overhead amount assigned to product 3 is $165,000
Explanation:
The computation of the overhead amount assigned to product 3 is shown below:
= Actual manufacturing labor cost for product 3 × estimated manufacturing overhead cost ÷ direct labor cost
= $194,000 × $330,000 ÷ $388,000
= $165,000
Hence, the overhead amount assigned to product 3 is $165,000
Answer:
50 hours
Explanation:
Let x represents the number of hours that Kendra needs to work
She gets $6 for one hour so for x hours
6x
She already have $50 so add it
6x + 50
She wants to have a total of $350 so equation becomes
6x + 50 = 350
Now lets solve this equation
6x = 350 - 50
6x = 300
x = 300/6
x = 50 hours
So Kendra have to babysit for 50 hours so that she can buy a new phone for $350
Explanation:
Efficiency reduces hunger and malnutrition because goods are transported farther and quicker. Also, advances in efficiency allow greater productivity in a shorter amount of time. Efficiency is an important attribute because all inputs are scarce.
Answer:
Alternatives :
1. Bank Overdraft facility
2.Suppliers Credit
Cost determination :
1. Bank Overdraft facility = Interest rate charged on the facility by the bank
2.Suppliers Credit = Opportunity cost of losing the early settlement discount.
Explanation:
If the company can not access sufficient external financing, consider internal sources such as bank overdraft or suppliers credit.
The cost of bank overdraft is evaluated based on the interest rate charged by the bank whilst the cost of the suppliers credit is determined by considering the opportunity cost of losing the cash discount available.
