Answer:
b. $50.50 per machine hour.
Explanation:
Overhead costs are defined as the amount that is spent by a business that is not directly contributing to the product. For example overhead can be labour cost, rent, utilities, and insurance.
These do not contribute directly to the product. Direct cost such as are materials contribute directly to the product.
In the case the overhead costs are given as $6,520,000 for indirect labor and $550,000 for factory utilities.
Total overhead= 6,520,000 + 550,000
Total overhead= $7,070,000
Overhead Cost per hour= Total overhead ÷ Total machine hours
Overhead cost per hour= 7,070,000 ÷ 140,000= $50.50
Answer:
Explanation:
A successful entrepreneur’s profile is characterized of the following:
1) Self-control: this is the belief that you can do a certain job better than others in the most accountable and responsible manner.
2) Self-confidence: it refers to the never-ending spirit of urgency to develop ideas
3) Realism: it refers to the acceptance of the things as they occur and dealing with them cautiously.
4) Conceptual capability: it refers to an entrepreneur’s ability to recognize relationships swiftly even in the midst of difficult situations.
5) Comprehensive awareness: it refers to the ability to understand complicated situations through planning, strategic decision making, and pursuing multiple business ideas concurrently.
Answer:
A valid will has to be in writing, and signed by the testator in the presence of two witnesses, who must also attest the will. If the process is not followed to the hilt, the will can be challenged in the court of law. So the answer is true.
Answer:
The option for this question are the following:
A. Concurrent
B. Statistical
C. Inventory
D. Feedforward
The correctt answer is D. Feed forward.
Explanation:
Feedforward is the process by which feedback between company members focuses more on future possibilities. That is to say, it is not only about communicating but about doing it thinking about increasing the opportunities that the company has and will be able to have later.
The problem we had when we talked about feedback was that it focused on aspects of the past. Communication was thought of as something of the moment, without determining an intention to take it to another level. The ‘feed’ forward would come into play here.
What is intended with the feedforward is to establish links and ideas, so that teamwork makes business organization easier. Brainstorming and the sharing of solutions and aspects for the company mean that employees can aspire to a positive work future.
Answer:
there is no deadweight loss.
Explanation:
In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.
This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.
Generally, a perfectly competitive market is characterized by the following features;
1. Perfect information.
2. No barriers, it is typically free.
3. Equilibrium price and quantity.
4. Many buyers and sellers.
5. Homogeneous products.
Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market.
Hence, if equilibrium is achieved in a competitive market then, there is no deadweight loss i.e a loss of economic efficiency due to a lack of balance in competing economical influences for goods or services.
