Answer:
MW Company
Activity rate for order process = $54,120/660
= $82 per order
Explanation:
a) Data and Calculations:
Production = 16,500 units
Direct labor = 19,800 hours
Machine hours = 21,450 hours
No. of orders = 660
No. of shipments = 165
Order-processing cost pool = $54,120
Shipping cost pool = $14,025
Assembly cost pool = $71,280
Activity rate for order process = $54,120/660
= $82 per order
b) MW Company uses an activity-based costing system to identify its activities into cost pools and assign the cost of each activity pool to the products and services according to their actual consumption of the activities. The activity-based costing technique provides a more accurate method for determining the costs of products and services. As a more accurate method for pricing decisions than other traditional methods, activity-based costing technique increases management's understanding of overheads and cost drivers and makes activities that are costly and non-value adding to become more visible, allowing managers to reduce or eliminate them, because these activities add costs to the production system.
Answer: A
Explanation:
A complementary good is a product that is used together with another product. Without its complement, such a good will have little value. When there is increase in the price of a particular product, the demand of its complement reduces because consumers may not be able to use the complement on its own.
Complements have negative cross elasticity of demand i.e there is increase in the demand for a product when the price of its complement reduces. If bicycles and gasoline are complements, an increase in tax on gasoline will have a negative effect on the demand for bicycle. Due to the price increase of gasoline, less people will demand for bicycle. The initial change that will occur as a result of this is that as there is a price increase for gasoline, there will be a leftward shift in the demand for bicycle. This implies that less bicycle will be demanded for.
Management is an important managerial skill, that helps to deal with the complex nature of modern work.
<h3>
What is management?</h3>
Management involves a systematic process of planning, organizing, leading and controlling a set of people and organizations.
It involves,
- learning to deal with the complex nature of modern work and make decisions that are ethical and effective.
- learning public speaking so you will be equipped to manage others.
Therefore, Management is an important managerial skill, that helps to deal with the complex nature of modern work
Learn more on management here
brainly.com/question/1276995
Answer:
Results are below.
Explanation:
Giving the following information:
Variable manufacturing cost $195
Applied fixed manufacturing cost 105
Variable selling and administrative cost 75
Allocated fixed selling and administrative cost 90
<u>1)</u>
Unitary variable cost= $195
Selling price= 195*2.1
Selling price= $409.5
<u>2)</u>
Total variable cost= 195 + 75= $270
Selling price= 270*1.65
Selling price= $445.5
<u>3)</u>
<u>The absorption costing method includes all costs related to production, both fixed and variable.</u> The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
Total absorption cost= 195 + 105= $300
Selling price= 300*1.2
Selling price= $360
Answer:
The element that relates to the why the loss matters is the consequence of the loss.
Explanation:
The logic of loss is a guideline that precscribes losses are to be considered either in monetary terms or in loss of life so as to permit analysis, on the basis of comparisons, management of risk and policy implementation. Usually, the following elements are identified during this process: cause, extent and consequence.
The cause relates to the damage involved, the extent relates to the size and duration and the consequence relates to the value that will pe lost, either in monetary terms or life. Hence, the importance of a loss is considered when one evaluates its consequences.
