The market most likely to be characterized by oligopolistic competition in the united states is smartphone service providers.
<h3>
What is an oligopolistic competition ?</h3>
An oligopoly is when there are few large firms operating in an industry. This is because there are high barriers to the entry and exit of firms into the industry. The smartphone service provider industry is dominated by five industries due to the high cost and regulations in the industry.
Here are the options to the question:
a) soybeans
b) pens and pencils
c) smartphone service providers
d) men's clothing
e) electrical service to the home
To learn more about oligopolies, please check: brainly.com/question/26130879
#SPJ1
Answer:
the depreciation expense for 2022 is $3,000
Explanation:
Straight line method of depreciation charges a fixed amount of depreciation over the period of use of an asset.
Depreciation Expense = (Cost - Residual Value) / Number of useful life
= ($81000 - $21000) / 5
= $12,000
The Annual depreciation charge for this machine will be $12,000 for each of the years that it is used in the business.
However since it was paced in use during the year that is 1 October, we have to apportion the Annual charge withe number of months that its has been in use during 2022.
It has been used for 3 months thus depreciation charge is :
Depreciation = 3/ 12 × $12,000
= $3,000
Answer:
the efficiency variance for variable overhead setup costs is $4,810 favorable
Explanation:
The computation of the efficiency variance for variable overhead setup costs is shown below;
= ((15,700 ÷ 265) × 4.25) × $45 - ((15,700 ÷ 325) × 3) × $45
= $11,330.6604 - $6,521.5384
= $4,809.12 favorable
= $4,810 favorable
hence, the efficiency variance for variable overhead setup costs is $4,810 favorable
Answer: creeping featurism
Explanation: Creeping featurism is a slang used for the term feature creep. It refers to the problem faced by the consumers due to continuous addition of features in an existing product. These addition make the product more complex and hard to use for the users.
In the given case, some customers of mobile phone have a belief that the new features added to the phones have made it complex and less reliable.
Thus, we can conclude that the given case is an example of creeping featurism.
Answer:
d. all of the answers are correct
Explanation:
Cost allocation is being done:
1) to influence management behavior and thus promote goal and managerial effort,
2) to measure inventory costs and to know of goods sold on a product or project,
3) to justify cost (e.g to justify an accepted bid).
For example, if you are to determine the amount of electricity consumed at a particular period, the number of units consumed determines the total cost to be paid for the electricity consumed. In such an instance, the number of units of electricity consumed is a Cost Driver.
A cost driver is the most appropriate way of calculating or determining a specific cost.
Variable cost drivers can come in the form of hourly costs, costs per unit, or batch costs, among others.
Cost drivers can be fixed costs, such as in the case of set-up costs.
