<span>According
to Sheryl Connelly, It takes three years to bring a new vehicle to market,
requiring the company to anticipate customers' needs. this is one of the
reasons for the high failure rate of innovation, known as: Positioning Strategy,
where it helps establish your product's or service's identity
within the eyes of the purchaser/customer.</span>
Answer:
1.Predetermined overhead allocation rate = $2.10 per Machine Hour
2.Overhead allocated = $10,605
Explanation:
1. Predetermined overhead allocation rate
using
Estimated manufacturing overhead costs / Estimated Machine Hours = Predetermined overhead allocation rate
=<u>$9,450</u> / <u>4,500 Machine Hours</u> = $2.10 per machine hour
Therefore,
Predetermined overhead allocation rate = $2.10 per Machine Hour
2. Manufacturing overhead allocated during the year
Actual Machine Hours Used x Predetermined overhead allocation rate = Overhead allocated
<u>5,050 machine hours</u> x <u>$2.10 per Machine Hour </u>=<u> $10,605
</u>
Therefore,
Overhead allocated = $10,605
The term that best applies to the situation where the Blackwell group is unable to obtain financing for any new projects under any circumstances is <u>hard rationing.</u>
Hard rationing is a type of external rationing (as opposed to internal, or soft rationing) that refers to the fact that a company cannot obtain any money elsewhere, which negatively impacts its new projects, given that it cannot even pay for their realization.
Answer: 17 months
Explanation:
The number of months it would take to cover these costs is found by:
= Total closing costs/ Saving per month
Savings per month:
= Old monthly payment - New monthly payment
= 1,020 - 949
= $71
Number of months it would take = 1,200 / 71
= 16.90
= 17 months