The answer is: satisfying customer needs and wants.
<h3>What Distinguishes Needs from Wants?</h3>
One of the most crucial tasks you must take when building a monthly budget is classifying your expenditures by "need" or "desire" status.
The distinction between a need and a want might vary from person to person, making it one of the hardest challenges. It is also simple to mistake requirements for wants if you have been accustomed to something to the point that it is difficult to imagine life without it.
You classify your expenditure on the budgeting worksheet as either needs or wants. By doing this, you may distinguish between the expenses that are absolutely necessary for your existence and well-being (what you need) and those that are only desirable but not necessary (wants).
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Answer:
a) $17.70
Explanation:
The computation of the predetermined overhead rate is shown below:
But before that we need to do the following calculations
Applied manufacturing overheads is
= $13,850 + $294,130
= $307,980
And,
Applied manufacturing overheads is
= predetermined overhead rate × Actual direct labor hours
Hence predetermined overhead rate is
= $307,980 ÷ 174,00 hours
= $17.70
Therefore, the correct option is d. $17.70
Answer
Professional ethics and code of conduct regulation
Explanation:
California Professional code of conduct for insurance agent does not permit unethical placement, as the regulator view such as fraudulent practices.
Answer:
Predetermined manufacturing overhead rate= $10 per direct labor hour
Explanation:
Giving the following information:
Product A:
Direct labor hours= 1,600
Product B:
Direct labor hours= 400
Estimated overhead= $20,000
<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 20,000/2,000
Predetermined manufacturing overhead rate= $10 per direct labor hour
