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Zybrea Knight

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What is stereotyping?

On Aug 02, 2024

Stereotyping occurs when attributes are assigned to an individual solely on the basis of his or her membership in a particular social or demographic group.
ZK

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The social loafing effect refers to the tendency for:

A) people in teams to let others make mistakes instead of telling them what to do.
B) teams to take longer to complete a task than individuals.
C) teams to be more creative than individuals,but experience more conflict.
D) people not to work as hard in teams as they would if they were working individually.

On Aug 01, 2024

D
ZK

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The six principles of the Defense Industry Initiative on Business Ethics and Conduct became the foundation for

A) the Foreign Corrupt Practices Act.
B) the Federal Sentencing Guidelines for Organizations.
C) the Ethical Trading Initiative.
D) the Federal Trade Commission compliance requirements.
E) the Sarbanes-Oxley Act.

On Jul 02, 2024

B
ZK

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The nominal group technique of decision making uses a highly structured meeting agenda to allow everyone to contribute ideas without the interference of others' evaluative comments.

On Jul 01, 2024

True
ZK

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Amason Corporation has two production departments, Forming and Assembly.The company uses a job-order costing system and computes a predetermined overhead rate in each production department.The Forming Department's predetermined overhead rate is based on machine-hours and the Assembly Department's predetermined overhead rate is based on direct labor-hours.At the beginning of the current year, the company had made the following estimates: Amason Corporation has two production departments, Forming and Assembly.The company uses a job-order costing system and computes a predetermined overhead rate in each production department.The Forming Department's predetermined overhead rate is based on machine-hours and the Assembly Department's predetermined overhead rate is based on direct labor-hours.At the beginning of the current year, the company had made the following estimates: During the current month the company started and finished Job A950.The following data were recorded for this job: Required: Calculate the selling price for Job A950 if the company marks up its unit product costs by 30% to determine selling prices. During the current month the company started and finished Job A950.The following data were recorded for this job: Amason Corporation has two production departments, Forming and Assembly.The company uses a job-order costing system and computes a predetermined overhead rate in each production department.The Forming Department's predetermined overhead rate is based on machine-hours and the Assembly Department's predetermined overhead rate is based on direct labor-hours.At the beginning of the current year, the company had made the following estimates: During the current month the company started and finished Job A950.The following data were recorded for this job: Required: Calculate the selling price for Job A950 if the company marks up its unit product costs by 30% to determine selling prices. Required:
Calculate the selling price for Job A950 if the company marks up its unit product costs by 30% to determine selling prices.

On Jun 02, 2024

Forming Department:
Forming Department overhead cost = Fixed manufacturing overhead cost + (Variable overhead cost per machine-hour × Total machine-hours in the department)
= $102,400 + ($1.90 per machine-hour × 16,000 machine-hours)
= $102,400 +$30,400 = $132,800
Predetermined overhead rate = Estimated total manufacturing overhead cost ÷ Estimated total amount of the = $132,800 ÷ 16,000 machine-hours = $8.30 per machine-hour
Overhead applied to a particular job = Predetermined overhead rate × Amount of the allocation base incurred by the job = $8.30 per machine-hour × 50 machine-hours = $415
Assembly Department:
Assembly Department overhead cost = Fixed manufacturing overhead cost + (Variable overhead cost per direct labor-hour × Total direct labor-hours in the department)
= $66,000 + ($3.80 per direct labor-hour × 6,000 direct labor-hours)
= $66,000 + $22,800 = $88,800
Predetermined overhead rate = Estimated total manufacturing overhead cost ÷ Estimated total amount of the = $88,800 ÷6,000 direct labor-hours = $14.80 per direct labor-hour
Overhead applied to a particular job = Predetermined overhead rate × Amount of the allocation base incurred by the job = $14.80 per direct labor-hour × 40 direct labor-hours = $592
Overhead applied to Job A950 Forming Department: Forming Department overhead cost = Fixed manufacturing overhead cost + (Variable overhead cost per machine-hour × Total machine-hours in the department) = $102,400 + ($1.90 per machine-hour × 16,000 machine-hours) = $102,400 +$30,400 = $132,800 Predetermined overhead rate = Estimated total manufacturing overhead cost ÷ Estimated total amount of the = $132,800 ÷ 16,000 machine-hours = $8.30 per machine-hour Overhead applied to a particular job = Predetermined overhead rate × Amount of the allocation base incurred by the job = $8.30 per machine-hour × 50 machine-hours = $415 Assembly Department: Assembly Department overhead cost = Fixed manufacturing overhead cost + (Variable overhead cost per direct labor-hour × Total direct labor-hours in the department) = $66,000 + ($3.80 per direct labor-hour × 6,000 direct labor-hours) = $66,000 + $22,800 = $88,800 Predetermined overhead rate = Estimated total manufacturing overhead cost ÷ Estimated total amount of the = $88,800 ÷6,000 direct labor-hours = $14.80 per direct labor-hour Overhead applied to a particular job = Predetermined overhead rate × Amount of the allocation base incurred by the job = $14.80 per direct labor-hour × 40 direct labor-hours = $592 Overhead applied to Job A950 Forming Department: Forming Department overhead cost = Fixed manufacturing overhead cost + (Variable overhead cost per machine-hour × Total machine-hours in the department) = $102,400 + ($1.90 per machine-hour × 16,000 machine-hours) = $102,400 +$30,400 = $132,800 Predetermined overhead rate = Estimated total manufacturing overhead cost ÷ Estimated total amount of the = $132,800 ÷ 16,000 machine-hours = $8.30 per machine-hour Overhead applied to a particular job = Predetermined overhead rate × Amount of the allocation base incurred by the job = $8.30 per machine-hour × 50 machine-hours = $415 Assembly Department: Assembly Department overhead cost = Fixed manufacturing overhead cost + (Variable overhead cost per direct labor-hour × Total direct labor-hours in the department) = $66,000 + ($3.80 per direct labor-hour × 6,000 direct labor-hours) = $66,000 + $22,800 = $88,800 Predetermined overhead rate = Estimated total manufacturing overhead cost ÷ Estimated total amount of the = $88,800 ÷6,000 direct labor-hours = $14.80 per direct labor-hour Overhead applied to a particular job = Predetermined overhead rate × Amount of the allocation base incurred by the job = $14.80 per direct labor-hour × 40 direct labor-hours = $592 Overhead applied to Job A950 Forming Department: Forming Department overhead cost = Fixed manufacturing overhead cost + (Variable overhead cost per machine-hour × Total machine-hours in the department) = $102,400 + ($1.90 per machine-hour × 16,000 machine-hours) = $102,400 +$30,400 = $132,800 Predetermined overhead rate = Estimated total manufacturing overhead cost ÷ Estimated total amount of the = $132,800 ÷ 16,000 machine-hours = $8.30 per machine-hour Overhead applied to a particular job = Predetermined overhead rate × Amount of the allocation base incurred by the job = $8.30 per machine-hour × 50 machine-hours = $415 Assembly Department: Assembly Department overhead cost = Fixed manufacturing overhead cost + (Variable overhead cost per direct labor-hour × Total direct labor-hours in the department) = $66,000 + ($3.80 per direct labor-hour × 6,000 direct labor-hours) = $66,000 + $22,800 = $88,800 Predetermined overhead rate = Estimated total manufacturing overhead cost ÷ Estimated total amount of the = $88,800 ÷6,000 direct labor-hours = $14.80 per direct labor-hour Overhead applied to a particular job = Predetermined overhead rate × Amount of the allocation base incurred by the job = $14.80 per direct labor-hour × 40 direct labor-hours = $592 Overhead applied to Job A950
ZK

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(Figure: PPV) Use Figure: PPV.The figure shows the demand and marginal revenue for a pay-per-view football game on cable TV.Assume that the marginal cost and average cost are a constant $40.If the cable company practices perfect price discrimination,deadweight loss will be:

A) $180.
B) $100.
C) $40.
D) $0.

On Jun 01, 2024

D
ZK

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The easiest type of person to sell a product to is a buyer who is at the unconscious need level.

On May 03, 2024

False
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Suppose a labor market has perfectly inelastic supply that is composed of union and non-union workers, and both groups of workers initially earn the perfectly competitive wage. What happens to the equilibrium employment level and wage for union workers if the union exercises its bargaining power?

A) Both increase.
B) Employment increases and wage declines.
C) Wage increases and employment declines.
D) Both decline.

On May 02, 2024

C