Answer:
<h2>The gross profits of Sole Occhiali Group and Candy Electronics Corp. are 67.13% and 26.66% respectively.</h2>
Explanation:
In Business Studies and Accounting,Gross Profit percentage is calculated by subtracting the cost of goods sold from the net sales revenue and then dividing the result by net sales revenue and finally multiplying the entire expression with hundred.Here,the net sales revenue of Sole Occhiali Group is given as $181,000 and the costs of goods sold is $59,500 and for Candy Electronics Corp. they are $39,000 and $28,600 respectively.
Hence,gross profit percentage for Sole Occhiali Group=
=
=
=67.13% approximately
Now,gross profit for Candy Electronics Corp.=
=
=
=26.66% approximately
Answer:
C) $6.40 per direct labor hour.
Explanation:
The overhead application rate is used to estimate the manufacturing overhead for a specific project or reporting period.
overhead application rate = direct labor cost per hour / (total direct labor costs / total overhead costs)
overhead application rate = $16 / ($475 / $190) = $16 / $2.50) = $6.40
The right answer for the question that is being asked and shown above is that: "A strategy for company growth by starting up or acquiring businesses outside the company s current products and markets." Diversification means a <span>strategy for company growth by starting up or acquiring businesses outside the company s current products and markets.</span>