Answer: Macro
Explanation:
This is a macro distinction as the producers of soybean in America are concerned about the crop grown in South America as it will affect the overall price level of soybean in America. When the weather in South America is favorable and the crop produce is large, the supply curve for soybean will shift to the left driving down the overall price level of soybean in America.
Thus, because the concern here is about the overall produce and overall price level it is a macro distinction.
Answer: Option "D" is the correct answer for the following situation.
Explanation:
Diane must be careful that she operates within the organization through the command chain to prevent a sub-coordinating judgment.
The concept of a command structure is an international hierarchy of power that defines who is in control of whom and who should be asked for permission. The indication of a command structure is when a staff member reports to a boss reporting to a senior executive reporting to the vice president reporting to the CEO.
Answer: normal costing system
Explanation:
A costing system which uses the actual costs for direct materials and the labor and predetermined overhead rates to apply overhead is referred to as the normal costing system.
Normal costing system is the cost allocation method whereby cost is assigned to products which are based on the labor, materials, and the overhead which are used in their production.
Answer:
See Explanation.
Explanation:
The company is incurring a relevant loss on purchase of Q rather than manufacturing it as,
When there is spare capacity only the relevant costs are identified to see if the decision to buy or make is worth it.
Since the factory fixed overhead is to be paid regardless of manufacturing Q, it should not be included in the estimations and the total cost of manufacturing Q should be
Direct Material + Direct Labor + Variable overheads
So Direct costs = 11.5 + 4.5 + 1.12 = $17.12
So the loss the company is incurring by purchasing Q = $19.20 - 17.12
Loss = $2.08/Q
Differential effect on the income is $2.08/ purchase of Q.
This can be avoided and thus Snipe should consider manufacturing Q rather than purchasing it as relevant direct costs give it an opportunity to make savings as there are no planned increases in production anyway.
Hope that helps.
Target's donation of 5% of its annual income to community support is an example of social responsibility.
Social responsibility is a theory that involves ethics and fulfilling civic duty. When target makes these donations, they are benefiting the society as a whole and balancing growth with welfare of the society.
