This is because the lowest is the most efficient amout to make. As we increase number the extra costs of making those items will also increase.
Answer:
The annual interest rate is 156 percent
Explanation:
If 6.00 percent interest for a two-week period then annual interest rate =
rate for a two-week period * (52 weeks/ 2 weeks) = 0,06 * 26 = 1,56
1,56 * 100 = 156 percent for a year period
<u>Note</u>: One year have 52 weeks
False, standard rules doesn't exist to help managers identify appropriate allocation bases.
Standard Rules refers to strong moral commitments or ethics that allows smooth working of an organisation. It is basically fundamental requirements to govern an organisation. It could play a role in appropriate allocation bases but doesn't exist for it rather to keep check on principles and equality in an organisation. They are not legally binding. But, appropriate allocation bases require judgement. Managers use- the direct method or the sequential (or step) method or the reciprocal method, to develop judgements about allocation bases. Hence, the statement is false.
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Answer:
Each of the following are types of Overheads allocation methods.
Explanation:
Factory overheads such as rent, electricity or water can not be traced directly to a cost object.
When determining the cost of a cost object these overheads are apportioned to departments they pass through for processing or the actual job using an allocation method.
The common methods for allocating overheads are plant-wide rate method, departmental overhead rate method and activity-based costing method.
The critical thinking process includes the deep thinking process which involves deep insights into the assessment so that both the drawbacks and the benefits of the assessment process can be made easily. In addition to this, the critical thinking process helps the assessors to critically evaluate the students in order to identify their drawbacks and skills so that proper feedback to be given to them in order to cultivate the best values within the students. Thus critical thinking process helps in the best assessment process.
Critical thinking is the analysis and judgment of available facts, evidence, observations, and arguments. The subject is complicated. There are several different definitions, which generally involve a reasonable, skeptical, and unbiased analysis or evaluation of factual evidence. Critical thinking is self-directed, self-disciplined, self-monitoring, and self-correcting thinking. This means accepting strict quality standards and consciously mastering their application. It includes effective communication and problem-solving skills, as well as a commitment to overcome native egocentrism and sociocentrism.
Critical thinking is the active and skillful conceptualization, application, analysis, synthesis, and synthesis of information gathered or generated from observation, experience, reflection, reasoning, or communication as a guide to beliefs and actions. It is an intellectually trained process of evaluating and/or evaluating.
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