Answer:
A. Strategic Alliance
Explanation:
Strategic Alliance is business relationship that exists between two or more organizations in which they agreed to achieve some business or organizational goals and objectives together while they still maintain their independence.
Advantages of strategic alliance includes:
1.It aids new market entry.
2.It helps to improve and develop product line.
3.It gives competitive advantage.
Types of Strategic Alliance.
Joint ventures and equity alliance.
Answer:
(1) 22%
(2) 56%
Explanation:
Given that,
Direct labor = $536,000;
Direct materials = $211,000;
Factory overhead = $119,000
(1) Predetermined overhead rate as a percent of direct labor is simply calculated by dividing the factory overhead by its direct labor cost.
Predetermined overhead rate as a percent of direct labor:
= (Factory overhead ÷ Direct labor) × 100
= ($119,000 ÷ $536,000) × 100
= 0.22 × 100
= 22%
(2) Predetermined overhead rate as a percent of direct materials is simply calculated by dividing the factory overhead by its direct material cost.
Predetermined overhead rate as a percent of direct material:
= (Factory overhead ÷ Direct material) × 100
= ($119,000 ÷ $211,000) × 100
= 0.56 × 100
= 56%
The answer would be Management System.