Ernest, Inc., has identified the following overhead costs and cost drivers for next year: Overhead Item Setup costs Ordering costs Maintenance Power Expected Cost £320,000120,000480,00040,000 Cost Driver Number of setups Number of orders Machine hours Kilowatt hours Expected Quantity 4,00020,00024,000160,000 The following are two of the jobs completed during the year: Direct materials Direct labour Units completed Direct labour hours Number of setups Number of orders Machine hours Kilowatt hours Job 320£8,000£6,4008002401220400280 Job 321£19,000£12,0001,6005002040600400 The company's normal activity is 32,000 direct labour hours. (Round amounts to two decimal places.)
a.Determine the unit cost for each job using direct labour hours to apply overhead.
b.Determine the unit cost for each job using the four cost drivers.
c.Which method produces the more accurate cost assignment? Why?
Understand the legal and ethical considerations in competitive intelligence gathering.
Recognize how globalization influences HR planning and the challenges it presents.
Understand the societal and political impacts of the First World War on various demographics, including women, African Americans, and laborers.
Analyze the effects of the First World War on American foreign policy and international relations, including the Treaty of Versailles and the League of Nations.
Definitions:
Social Order
The system of structured relationships, norms, and practices that maintain a cooperative and cohesive society.
Stress Reliever
An activity, practice, or behavior that reduces psychological tension or manages the effects of stress.
Economic Inequality
The unequal distribution of wealth, income, or resources among individuals, communities, or countries, often leading to social and economic disparities.
Mass Media
Communication channels through which news, entertainment, education, data, or promotional messages are disseminated to the public.