Firms use cost data to make decisions about how many units to produce based on their fixed and variable costs.
<h3>How to illustrate the information?</h3>
Increasing production may not always lead to an increase in profit.
Increasing production will cause a firm’s variable costs to increase, which could outweigh any benefits that were previously gained by lowering their overhead which is determined by their average fixed costs in the short run.
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Answer:
$38.45
Explanation:
The computation of the predetermined overhead rate is shown below:
= Estimated variable manufacturing overhead per machine hour + estimated fixed manufacturing overhead per machine hour
where,
Estimated variable manufacturing overhead = $10.75
Estimated fixed manufacturing overhead is
= $648,180 ÷ 23,400 machine hours
= $27.70
So, the predetermined overhead rate is $38.45
Answer:
Organisational culture
Explanation:
Organisational culture is the unique personality of an organization or company. It is the culture of the company that influences how members of the company behave. The Assumptions, beliefs and values of the company dictates how the people working in the company behaves by influencing their actions, dressings and how they perform their jobs.
Every organization must develop and maintain its unique culture, to provide proper guidelines and boundaries for the people working there.
Answer:
Share capital in the shareholders equity section
Explanation:
The balance sheet is structured according to the accounting formulae
Asset = Liabilities + Owners Equity
When a company raises capita by the issuing of securities or is referred to as share capital.
The securities issued are common stock or preferred stock.
There is a maximum amount that a company can raise from the sale of shares and this is called authorised share capital.
Share capital is a line item that is reported under Owner equity section of the balance sheet.
Answer:
free rider
Explanation:
Free Rider is someone who would not choose to pay for a certain good or service, but who would get the benefits of it anyway if it were provided as a public good.
