Question 1 Jane Low owns a small business making and selling children’s toys.  The following is Jane’s budgeted indirect costs for the coming year.

       

Jane budgeted 293,440 machine hours (cost driver) the coming year. Jane is investigating the viability of making metal toy cars. She estimates the new toy car will require direct materials costing RM1.50. Labour will cost a minimal RM0.60 a car. Each toy car will require 2 machine hour to make.

Required:

Calculate the Predetermined Overhead Rate (POR).

There is a small, family-owned store that sells food and household goods in a small town. the owners have good relations with the community, especially with local farmers who supply much of the food. the farmers aren't organized into a cooperative or union, and the store deals with each individually. suppose the store wanted to buy some farms to control the supply of certain vegetables. how would you classify this strategic move? select one: a. horizontal integration b. forward integration c. backward integration d. concentric integration

In microeconomics, the point at which supply and demand meet is called the blank price

Because the demand for wheat tends to be inelastic. true or false