Frequent, likely, occasional, seldom, and unlikely are the five categories of probability in the Risk Assessment Matrix which means the likeliness that an adverse or critical event will occur. The purpose of Risk Assessment Matrix is to estimate the degree of severity and probability for each hazard.
Part of the lands' end business model includes purchasing products and then selling them again without any reprocessing. Lands' end is operating in the reseller market.
This company doesn't use the goods it has bought - it just sells it again to another company so as to get some profit.
Answer: $11920 Overapplied
Explanation:
We have to calculate the Predetermined overhead rate which would be:
= Estimated total manufacturing overhead / Estimated amount of the allocation base
= $355,680 ÷ 14,400 direct labor-hours
= $24.70 per direct labor-hour
Since the actual hours is 10,800 hours, therefore, the applied overhead would be:
= 10,800 × 24.70
= $266,760
Since the actual overhead = $254,840, then the overapplied Overhead would be:
= $266,760 - $254,840
= $11920 Overapplied
Answer: Money has three primary functions. It is a medium of exchange, a unit of account, and a store of value: Medium of Exchange: When money is used to intermediate the exchange of goods and services, it is performing a function as a medium of exchange.
Answer:
does not have the ability to produce revenue.
Explanation:
Cost center managers have the responsibility to manage all the transactions within the center. Cost center budget per year and all the expenses are also managed by the manager only. The manager also takes of the costs following the given budget and does not have any responsibility regarding the revenue.
A cost center manager does not have the ability to produce revenue.
