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Ayala IncComputed an Overhead Rate for Machining Costs $1,500,000 of $15

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Ayala Inc.computed an overhead rate for machining costs $1,500,000 of $15 per machine hour.Machining costs are driven by machine hours.If computed based on direct labor hours,the overhead rate for machining costs would be $30 per direct labor hour.The company produces two products,Hammer and Tong.Hammer requires 60,000 machine hours and 20,000 direct labor hours,while Tong requires 40,000 machine hours and 30,000 direct labor hours.Using activity-based costing,machining costs assigned to each product is
Hammer         ~~~~~~~~        ~~~~~~~~ Tong

Discuss Hofstede’s five cross-cultural values and their relevance to marketing strategies.
Understand the concept and examples of self-gifting behavior.
Identify and describe the items used and the importance of ritual artifacts in rituals.
Recognize the three stages of gift-giving rituals and their significance.

Definitions:

Ethnorelativity

The ability to appreciate and respect the viewpoints of other cultures.

Viewpoints of Other Cultures

The perspectives or attitudes held by different cultural groups regarding various aspects of life, including morals, practices, and beliefs.

Cultural Assumption

pertains to the beliefs or ideas taken for granted by individuals within a specific culture, which influence their perceptions, behaviors, and interactions.

Culturally Safe Practice

Healthcare practices that respect and take into account the cultural identity and needs of patients to ensure healthcare is effective and respectful.

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