Answer:
Is the potential benefit lost by choosing a specific alternative course of action among two or more.
Explanation:
An opportunity cost in business management is the potential benefit lost by choosing a specific alternative course of action among two or more. This simply means that, when an options are presented, you will have to choose one among the rest, which eventually leads to a potential benefit lost.
Hence, opportunity cost is generally known as the alternative forgone.
Answer:
Amount of Factory Overhead = 254,340
Explanation:
Computation of overhead:
Amount of Factory Overhead = 157% of Direct labor used
Amount of Factory Overhead = 157% (162,000)
Amount of Factory Overhead = 254,340
Journal entry.
Account title and explanation Debit Credit
Work in Process Inventory $254,340
Factory Overhead $254,340
If a car travels from Nakuru, Kenya to Entebe, Uganda, then distance covered is the total length traveled between the two towns.
The straight line connecting the two cities is the displacement while its length is the magnitude of displacement.
Answer:
Having a wedding gown altered
Getting your hair done for a wedding
Explanation:
A service is rendered when there is no exchange of physical goods between the buyer and seller
When a wedding gown is altered and when my hair is done, there is no exchange of a physical good