Answer:
A possible answer: Value is how much worth something has to you.
Explanation:
Have a great rest of your day :)
Answer:
$35.63
Explanation:
The formula for predetermined overhead ate is
= Predetermined fixed overhead rate ÷ Predetermined variable overhead rate
Where;
Predetermined fixed overhead rate = (Fixed overhead cost ÷ Estimated direct labor)
= $1,006,164 ÷ 34,200
= $29.42
But the predetermined variable overhead is $6.21 per machine hour
Therefore, the predetermined overhead rate is
= $29.42 + $6.21
= $35.63
Answer:
Haagen-Dazs vanilla bean ice cream
Explanation:
Demand is said to be most elastic if a slight change in price leads to a drastic change in quantity demanded. Normal goods are least elastic as increase in price does not lead to tremendous decrease in price.
However, luxury goods are most elastic as these goods are preferred when their prices are lower. They are not essential. As such, demand falls drastically in case of rise in price. So, Haagen-Dazs ice cream would have most price elasticity as this is a luxury good and rest of the items are normal goods.
This problem can be solved by first assigning the variable x = number of hot water bottles sold. An equation can then be set-up as follows:
312 = 2(10x) + 6(x)
This is the equation because the total sales is $312 while the thermometer and the hot water bottle costs $2 and $6, respectively. Also it should be noted that the number of thermometers sold is 10 times that of hot water bottles sold. After solving the equation, it was determined that 12 hot water bottles were sold.
Answer:
It is important to control supply chain because:
- Choice Control of the supply chain influences the work processes and levels of performance through a set of accepted norms.
- It is effective in ensuring that performance standards are being met.
- As a major cost center, it is important to pay attention to the sourcing, shipping, and warehousing.
Explanation:
Supply chain handles the of the flow of goods and services from producer to consumer.
Control of supply chain influences the work processes and increases competitiveness as well as customer satisfaction.
The controls put in place guarantees efficiency in the supply chain processes and allow firms to quickly deliver products to the end-user for a low cost.
Therefore, control of supply chain is important because:
- Choice Control of the supply chain influences the work processes and levels of performance through a set of accepted norms.
- It is effective in ensuring that performance standards are being met.
- As a major cost center, it is important to pay attention to the sourcing, shipping, and warehousing.
