Answer:
$5,350,000
Explanation:
The computation of the overhead applied to supreme using activity based costing is shown below:
= Machine hours × machine hour rate + number of parts × cost per part
= 30,000 × ($5,000,000 ÷ (10,000 + 30,000)) + 160,000 × ($2,500,000 ÷ (90,000 + 160,000))
= 30,000 × $125 + 160,000 × $10
= $3,750,000 + $1,600,000
= $5,350,000
Hence, the overhead applied to supreme is $5,350,000
<span>The Arizona jean co. brand of jeans, owned by J.C. Penney, is a private label brand. The private brand is exclusive to that retailer (for example </span>carries the retailer’s name) but is produced by another company.<span> Consumers choose private brands because they tend to be lower in price than their counterparts. </span>
<span>One way to answer this is to say it is a trade surplus </span>
Answer:
A chain of command chart or an organizational chart.
Explanation:
AN ORGANIZATIONAL CHART is a diagram that visually conveys a company's internal structure by detailing the roles, responsibilities, and relationships between individuals within an entity. Organizational charts either broadly depict an enterprise company-wide or drill down to a specific department or unit.
Organizational charts graphically display an employee's hierarchical status relative to other individuals within the company. For example, an assistant director will invariably fall directly below a director on the chart, indicating that the former reports to the latter. Organizational charts use simple symbols such as lines, squares, and circles to connect different job titles that relate to each other.
A chain of command chart shows the organization of a company through a hierarchy. Often, it's called an organizational hierarchy chart. The term “chain of command,” however, implies that communication should move through the hierarchy in a specific order.
Answer:
C. A country can specialize in producing that for which it has a comparative advantage and then trade for other needed goods and services.
Explanation:
<em>Comparative advantage</em> is simply evaluating the opportunity cost of other benefits or costs, if the country is opting to choose for a specific category of goods for production purposes.
For example, let's say US can produce 20 Television (TV) sets and 50 Air Conditioners in a month. Here, the opportunity cost of producing 1 TV set is 50/20 i.e. 2.5 Air Conditioners. Similarly, the opportunity cost of producing 1 Air Conditioner (AC) is 20/50 i.e. 0.4 TV set. Hence, US should produce Air Conditioners over TV sets as per <em>Comparative Advantage</em> concept.
Take another example, let's say UK can produce 50 Television (TV) sets and 20 Air Conditioners in a month. Hence, the opportunity cost of producing 1 TV set is 20/50 i.e. 0.4 Air Conditioner. On the other hand, the opportunity cost of producing 1 AC is 50/20 i.e. 2.5 TV sets. Thus, UK should produce TV sets over AC's as per <em>Comparative Advantage </em>model.
Hence, US should export AC's to UK and import TV sets from UK to gain from specialization and trade.
<em> In this way nations can gain from specialization and trade by making use of Comparative Advantage theory</em>.
It is to be noted that <em>Absolute Advantage model </em>of Adam Smith is also good as it highlights production of that good by a country, which it can produce in large quantities with fewer resources and minimal time than any other nation in the world. But the <em>Comparative Advantage Model </em>developed by David Ricardo considers opportunity cost and is much more refined than Absolute Advantage Model.
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