Answer:
$900
Explanation:
The computation of the amount of the overhead allocated is shown below:
But before that the predetermined overhead rate is
As we know that
Predetermine overhead rate is
= Estimated manufacturing overhead ÷ estimated direct labor hours
= $450,000 ÷ $150,000
= $3
Now the overhead allocated is
= 300 direct labor hours × $3
= $900
<span>Although many companies try to deal with disappointed customers by calling them immediately, w</span><span>ritten messages are also used to promote good relations, formally confirm follow-up procedures and establish a record of the incident. They are important when communicating an impossible to find a person's contact details. It may be outdated but it plays a significant role in a company's business.</span>
Answer:
Refer explanation...
Explanation:
A negative externality occurs when the production or consumption of a good or service creatives a negative impact on a third party. Hence, the social cost is higher than the private cost.
I have provided 4 examples of negative externalities below, although the requirement is 3 :)
A. Negative externalities in production:
1. When rainforests are cut down for animal rearing, it leads to an increase in CO2 in the atmosphere which can damage the ozone layer and cause global warming.
2. Using pesticides on vegetation protects them from insects, however it leads to harmful carcinogens to enter the environment and create pollution.
B. Negative externalities in consumption:
1. Consumption of cigarettes may deteriorate the health of those around, who are vulnerable to passive smoking.
2. Alcohol consumption develops drunk drivers who increase the risk of car accidents and social disorder.
Market failure occurs when the price mechanism fails to incorporate all the costs and benefits involved in the production or consumption of a particular good or service. The market fails by not being able to supply the socially optimum level of output of a good or a service. Hence there is an over-consumption of a good that creates negative externalities or under-consumption of a good that produces positive externalities.
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Explanation
Answer: Option B
Explanation: In simple words, multilateral world culture refers to the culture in which different communities are considered to be independent to follow their culture and norms.
In such a system , the world accepts and runs on different culture with other economic activities running on some different agenda. Recent trends have shown that world has been going toward this system as most of the Asian countries are now accepting the western culture and vice versa.