<span>The plantwide overhead rate method means </span>using overhead rate to allocate costs to products and includes <span>indirect costs (overhead cost) to cost allocation base (single plantwide overhead rate) to cost objects (products 1-3).
</span><span>The statement that the unit of product is the cost object when the plantwide overhead rate method is used is true. </span>
Answer:
The correct answer is letter "B": reduce productivity. Other things the same, this decrease will be larger in a poor country.
Explanation:
Labor productivity measures the units a worker can produce per hour. <em>Capital, technology, </em>and <em>human development</em> influence the labor productivity employees could have. Poor countries are characterized by having low investments. If the labor force increases but the capital remains stagnant, the level of productivity is likely to fall since there is a surplus in labor hand.
Answer:
The bill is $57.5
Explanation:
The computation of bill is shown below:
= Price for starters + price for main course + price for deserts + service charge tax
= $12.50 + $28.55 + $8.95 + $7.5
= $57.50
The service charge would be calculated by considering all food costing.
In mathematically
= Service tax rate × ( Price for starters + price for main course + price for deserts)
= 15% × ($12.50 + $28.55 + $8.95)
= 15% × $50
=$7.5
Hence, the bill is $57.5
Answer:
Factory overhead costs = 3000 + 7500 + 11800 = $22,300
Explanation:
Factory overhead costs are the costs that are not directly attributable to the production. This would include all the costs except for the direct materials and direct labor.
the total factory overhead costs would be,
Factory overhead costs = 3000 + 7500 + 11800 = $22,300
These costs are then allocated using the appropriate cost base to all the units produced.
Hope that helps.
Answer:
Option (B) is correct.
Explanation:
If there is an increase in the income of the consumer then as a result there is a parallel shift in the budget line. This increase in income will increase the real purchasing power of the consumers and hence, this would increase the quantity of two goods consumed in an equal proportion.
Other factors remains the same, an increase in the income level of the consumer will increase the consumption of both the goods because the prices of both the goods are constant.
