Answer:
The answer is: is the total satisfaction derived from the consumption of given quantity of a good.
Explanation:
Utility is the value or satisfaction received form consuming a product or service.
Total utility is the total satisfaction received from consuming a given amount of units of a product or service.
While marginal utility is the satisfaction we receive from consuming an additional unit of a product or service.
Answer:
The Management
XYZ Company Ltd
Dear Sir/Ma'am,
<u>Memo: Costs and the Importance of Classifying them</u>
Below are the following classifications of cost:
Cost grouped by Nature
- Product of Service cost- This can be further categorised as:
- Material Cost
- Labour Cost: This is further classified into - Immediate Monetary Benefits, Future Monetary Benefits, Non-Financial Benefits, Expenses
Cost grouped according to location or centre
- Direct Costs
- Direct Material Costs
- Direct Labour
- Direct expenses
- Indirect Costs
- Indirect materials
- Indirect Labour
- Indirect expenses
Cost classified according to time
- Historical Costs
- Predetermined Costs
- Standard Costs
- Estimated Costs
Cost Classified by Decision Making
- Marginal Cost
- Differential Cost
- Opportunity Cost
- Relevant Cost
- Sunk Cost
- Replacement Cost
- Normal Cost
- Abnormal Cost
- Avoidable Cost
- Unavoidable cost
- Pre-production cost
- Production cost
- Period cost
- Traceable cost
- Common Cost
- Controllable cost
- Uncontrollable cost
- Short-run Cost
- Long-run Cost
- Past Cost
- Future Cost
- Explicit Cost
- Implicit cost
- Book cost
- Shut down cost
- Abandonment Cost
- Urgent cost
- Postponable cost
- Conversion Cost
Cost Category according to Type of Production Process
- Batch Cost
- Process Cost
- Operation Cost
- Operating cost
- Contract Cost
- Joint Cost
Categorising costs helps with:
- effective cost control
- financial planning
- determination of selling prices
- Budgetary conrol
- apportionment of overheads
- decision making etc.
Sincere regards
Cheers!
Answer:
$37,200
Explanation:
The amount of deferred tax on 31 December 2017 for Larkspur can be calculated by multiplying the estimated warranty liability for accounting purposes with an effective tax rate.
DATA
Estimated warranty = $124,000
Effective tax rate = 30%
Deferred tax liability =?
Solution
Deferred tax liability = Estimated warranty x Effective tax rate
Deferred tax liability = $124,000 x 30%
Deferred tax liability = $37,200
Answer:
managing
Explanation:
According to my research on different employee roles and responsibilities, I can say that based on the information provided within the question Omar is most likely managing. This can be said since managing is the act of controlling employees and making sure everything is working correctly as well as goals being met by planning, organizing, and leading. Therefore Omar is most likely a manager.
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