The goal of measurement in research is fundamental to the sciences, engineering, construction, and other technical fields, and to almost all everyday activities.
The process of mapping and determining the quality, capacity, and dimension of the empirical observations recorded and obtained during the research is known as measurement. A researcher uses measurement to analyse the data quantitatively and come to a reliable and consistent conclusion. The ultimate objective of measuring in research is to guarantee the greatest level of output with the smallest possible likelihood of data mistakes. The act of measuring involves keeping track of the observations made as part of a research project. Something that is regularly measured is said to have an objective measurement. Taking into account, for instance, how successfully a person can do a specific amount of activities in a regulated setting.
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List and describe the three traits needed to become a successful entrepreneur
Answer:
1.) Flexibility: Sometimes your initial plan won't exactly match what you're doing when you achieve success. As your business takes off, you'll find that things you anticipated working well don't function at all. You'll come across things that work that you didn't expect to. You'll observe what others in your industry are doing that will benefit your business, and you'll imitate them. You'll need to be flexible.
2.) Persistence: You must be willing to persevere through challenges if you want to succeed. Nothing can replace perseverance, yet without it, success is impossible.
3.) Work ethic: The capacity and willingness to work very, very hard is the third important talent. A tiny firm is challenging to run. There will be many more hours in a day than there are now. Those who begin their workweeks on Monday will reach 40 hours on Thursday without slowing down. You'll always be on call. Entrepreneurship success demands a lot of work.
Explanation:
Hope this helps:)......if not then sorry for wasting your time and may God bless you<3
five rules you need to follow before going into business for yourself
Question: Hello: )✨five rules you need to follow before going into business for yourself ?
Answer: Conduct market research. Market research will tell you if there's an opportunity to turn your idea into a successful business. ...
Write your business plan.
Fund your business.
Pick your business location.
Choose a business structure.
Choose your business name. Develop a powerful message.
Focus on the customer and fully understand the market.
Start small and grow.
Understand your own strengths, skills, and time available.
Surround yourself with advisors and mentors.
Have an amazing day/night<3.
:
Dream Analysis Analyze dreams to learn more about dream interpretation.
this is for the whole week like Monday-Sunday so please help me this needs to be done before Friday
The interpretation of dreams in order to ascertain their hidden meanings is referred to as "dream analysis."
The act of imputing meaning or significance to one's dreams is known as dream interpretation.
This is further explained below.
What is Dream Analysis?Generally, The interpretation of dreams in order to ascertain their hidden meanings is referred to as "dream analysis." The use of symbolism is essential to Freudian dream interpretation.
It is predicated on the idea that your unconscious mind shields you from your repressed wants by expressing those desires in dreams and concealing them away from your aware mind. This prevents your conscious mind from being exposed to your repressed desires.
In conclusion, The act of imputing meaning or significance to one's dreams is known as dream interpretation.
There is no credible evidence to support the claim that comprehending or interpreting one's dreams may improve one's mental health, despite the fact that this practice is often connected with many types of psychotherapy.
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Which SMART goal element is missing from this goal?
"You must sell a lot of items today."
The SMART goal element which is missing from this goal "You must sell a lot of items today." is: Achievable or Attainable.
What is a goal?A goal can be defined as an outcome statement and strategic objectives that defines what an individual or a group of people (team) hopes to successfully achieve (accomplish) or reach in the future i.e over a specific period of time.
What are SMART goals?A SMART goal can be defined as a well-established tool that can be used by an individual, a project manager or business organization to plan (create), track, and achieve (accomplish) both short-term and long-term goals.
Additionally, SMART is a mnemonic acronym and it comprises the following elements:
SpecificMeasurableAchievable or Attainable.Realistic (results oriented).TimelyBased on the given goal, we can reasonably infer and logically deduce that achievable or attainable is a SMART goal element which is missing.
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Say you own an asset that had a total return last year of 17 percent. Assume the inflation rate last year was 3.6 percent. What was your real return?
The Fisher equation, which shows the exact relationship between nominal interest rates, real interest rates, and inflation, is:
(1 + R) = (1 + r)(1 + h)
r = [(1 + .17) / (1 + .036)] - 1
r = .12934, or 12.93%
An increase in the average price level of an economy over time is referred to as inflation. Money loses value as a result of inflation. Consumer price index (CPI) and producer price index are the two most used inflation indicators (PPI). The consumer price index tracks changes in the price of a typical market basket bought by an urban family each month, provided the same products are bought. When a basket of commodities costs more, inflation has occurred. The cost increase of the basket as a percentage is equal to the rate of inflation. When the products in the basket are cheaper, there has been deflation. It is critical to remember that some of the items may change in value more rapidly than the general rate of inflation.
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1. Todd knows that he wants to work in hospitality and tourism, but he isn’t sure that he wants to attend college. Compare and contrast the education or training and certifications needed for several different careers in the hospitality and tourism industry that could help Todd decide what his next steps are.
2. Remember Michael? Turns out he took the job as a dishwasher so he could get restaurant experience and move closer to his dream of becoming a chef. Think about Michael in ten years. He is applying to be chef de cuisine at a local fine dining restaurant. This is a management and leadership position. Thinking about Michael’s likely career trajectory from dishwasher to chef, what elements might Michael include in a digital portfolio to make him a competitive candidate for the chef de cuisine job? Why might it be important for Michael to create a portfolio when applying for this job?
3. Why are ethics important in the hospitality and tourism industry? Compare and contrast appropriate/inappropriate workplace social behavior and work ethics.
Answer: Any hospitality professional interested in receiving documented proof of their industry success or expertise should pursue some sort of certification. While there are certifications that acknowledge those who have been in the industry for a long time there are also certifications available for newcomers interested in progressing within their chosen career path. So really, hospitality professionals at all levels need a certification for one reason or another, depending on their career goals.
Skills needed for hospitality and tourism jobs include active listening, rapport building, problem-solving, and organization. Educational qualifications for tourism and hospitality positions range from less than a high school diploma to a college degree.
Most people in Hospitality and Tourism careers get success with secondary education only as they receive on-job training to learn what they require. Therefore, Todd shall have to attend his college.
What is a Hospitality and Tourism career?Hospitality and Tourism career jobs includes providing planning, management, food, recreation, travel, and similar services. These jobs provide higher monetary perks.
No minimum education is needed to get a job in a hospitality and tourism career. This industry values experience more than education. People are more likely to get success in hospitality and tourism as they learn and update themselves while doing the job. On-job training is an essential advantage of these careers.
Therefore, Todd should take the above steps to work in hospitality and tourism. Hence, Todd shall have to attend his college.
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Which of the following is correct?
Multiple Choice:
A) Statement of Cash Flows is reported on a particular date
B) Income Statement is reported on a particular date
C) Balance Sheet is reported on a particular date
D) Balance Sheet is reported for a specific time period
Balance Sheet is reported for a specific time period. Hence, option D is appropriate.
What is the Balance Sheet?A balance sheet is a summary of the financial positions of a person or an organization in financial accounting, regardless of whether they are a sole proprietorship, a business partnership, a corporation, a private limited company, or another type of organization like the government or a not-for-profit entity.
A financial statement that lists a company's assets, liabilities, and shareholder equity at a certain point in time is referred to as a balance sheet. The foundation for calculating investor return rates and assessing the capital structure of a company is provided by balance sheets.
A balance sheet provides you with a quick overview of your company's financial situation at any given time. A balance sheet, along with an income statement and a cash flow statement, can aid business leaders in assessing the financial health of their organization.
Hence, option D is correct.
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2. Why might you distinguish between borrowing to rebuild roads and
pridges and borrowing to increase food stamp allocations?
Long-lasting public infrastructure like roads, bridges, and buildings come at a high initial cost; by borrowing, the state may spread those expenses out over time.
Why government should invest in public infrastructure?A tried-and-true method for states and local governments to pay for the expense of constructing and maintaining infrastructure is to borrow by issuing bonds. Bond-financed projects can benefit a state's economy in the short- and long-term.A thriving economy and good standard of living are supported by state and local investments in infrastructure such as roads, hospitals, schools, and other facilities. On sound reasons, states and localities borrow money to pay for infrastructure instead of using yearly tax revenues and other sources of income.Infrastructure funding is contributed to by taxpayers who will utilize By easing the strain on a state's budget each year, borrowing also lowers the cost of infrastructure investments. They give the government's long-term borrowing demands more legitimacy in the future, fostering intergenerational equity.Learn more about investments here:
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50 POINTS
Country Q can produce 15 pairs of socks and 5 belts in one hour. Country Z can produce 20 pairs of socks and 20 belts in one hour. Which of the following terms of trade would be mutually beneficial to both countries?
1 belt for 2 pairs of socks
1 pair of socks for 2 belts
2 belts for 2 pairs of socks
1 belt for 5 pairs of socks
5 pairs of socks for 15 belts
Consider a simple economy that produces two goods: pencils and envelopes. The following table shows the prices and quantities of the goods over a
three-year period.
From 2009 to 2010, nominal GDP increased and real GDP decreased. The inflation rate in 2010 was 400%. The real GDP is a more accurate measure of an economy's production than nominal GDP because: (i) Real GDP is not influenced by price changes, but nominal GDP is.
GDP DeflatorUsing this formula
GDP Deflator = (Nominal GDP / Real GDP) × 100
Year Nominal GDP(Dollars) Real GDP(Base year 2008, Dollars) GDP Deflator
2008 325 325 1
[125 × 1 +200 × 1]
2009 1260 400 315
[170 × 2 + 230 × 4)] [170 × 1 + 230 × 1] [(1260/400)×100]
2010 1280 320 400
[150 × 4 + 170 × 4] [150×1 + 170×1] [(1280/320)×100]
Based on the above calculation the inflation rate in 2010 was 400% and from 2009 to 2010, nominal GDP increased and real GDP decreased.
Therefore from 2009 to 2010, nominal GDP increased and real GDP decreased.
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The complete question is:
Consider a simple economy that produces two goods: apples and envelopes. The following table shows the prices and quantities of the goods over a three-year period.
Apples Apples Envelopes Envelopes
Year Price(Dollars per Apple) Quantity(Number of Apples) Price (Dollars per Envelopes) Quantity(Number of Envelopes)
2008 1 125 1 200
2009 2 170 4 230
2010 4 150 4 170
Use the information from the previous table to fill in the following table.
Year Nominal GDP(Dollars) Real GDP(Base year 2008, Dollars) GDP Deflator
2008
2009
2010
From 2009 to 2010, nominal GDP _____ and real GDP _____.
The inflation rate in 2010 was _____.
Why is real GDP a more accurate measure of an economy's production than nominal GDP?
(i) Real GDP is not influenced by price changes, but nominal GDP is.
(ii) Nominal GDP is adjusted for the effects of inflation or deflation, whereas real GDP is not.
(iii) Real GDP does not include the value of intermediate goods and services, but nominal GDP does.
3.2.2 division of profits
The division of profits in a partnership happens based on a ratio that the partners agree to which is usually based on capital contribution.
How are profits divided in a partnership?In partnerships, the profit is divided according to a certain ratio that the partners would have agreed to in writing when they joined the partnership.
This ratio would often be based on the amount of capital that each partner brought to the firm. For instance, if Partner X gets 60% of the profits and Partner Y gets 40%, it most likely means that Partner X put up 60% of the capital.
Question is:
How are profits divided in a partnership?
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Juanita has a monthly net income of $2,500. Her fixed monthly expenses consist of $500 for
rent. She also pays a car insurance premium of $68 and a car payment of $167. Are these
payments within Juanita's safe debt load?
Answer:
Yes
Explanation:
That is only $735, which safely fits in a budget of 2500 with money left over.
Rent, auto insurance, and car payments are all within Juanita's safe debt load.
What is a safe debt ratio?A healthy debt-to-income ratio is usually between 1 and 1.5. As a result of the greater usage of debt financing in some sectors than others, the ideal debt ratio will change depending on the industry. Finance and manufacturing are two capital-intensive sectors that frequently have higher ratios that can exceed 2.
Given
Income = $2,500
Rent = $500
Car insurance = $68
Car payment = $167
Required to Calculate safe debt load =?
To determine if Juanita's payments are within her safe debt load, we need to calculate her debt-to-income ratio (DTI). The DTI is a financial ratio that compares a person's debt payments to their gross monthly income. The lower the ratio, the better, as it indicates that the person has more disposable income available to cover other expenses or savings.
To calculate Juanita's DTI, we first need to determine her total monthly debt payments. In this case, her total monthly debt payments are $68 (car insurance) + $167 (car payment) + $500 (Rent) = $235.
Next, we divide Juanita's total monthly debt payments by her net monthly income and multiply by 100 to get her DTI as a percentage:
DTI = (Total Monthly Debt Payments / Net Monthly Income) x 100
DTI = ($735 / $2,500) x 100
DTI = 29.4%
Generally speaking, a DTI of 36% or lower is considered a safe debt load. Juanita's DTI of 9.4% is well below this threshold, indicating that her debt payments are well within her safe debt load.
Therefore, based on the information provided, Juanita's payments for rent, car insurance, and car payment are within her safe debt load.
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2. Which budgetary category changed the most between your old budget and your new budget?
Why? (5 points)
3. How does your new budget help you to meet your short-term goal of buying a new laptop? (5points)
4. How does your new budget help you to meet your long-term goal of saving for college? (5 points)
The net savings underwent the most adjustment between the old and new budgets. Making a budget to be able to buy a new laptop can include saving money and making deposits as part of a short-term aim. When a person starts keeping tabs on his spending, it becomes easier for him/her to save for significant expenses like college.
Net savings varied the most due to the additional income that has been received overall. The budgeting category received an additional $290.00.
One can put money into a savings account or set aside some of their income or assets to use toward the purchase of a new laptop when the time comes. A budget contributes to financial stability. By keeping track of expenses and adhering to a budget, it becomes easier for us to make on time payments on our bills, accumulate an emergency fund and save for major expenditures like a home. A budget improves a person's short- and long-term financial situation.
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An investment project has annual cash inflows of $2,800, $3,700, $5,100, and $4,300, for the next four years, respectively. The discount rate is 11 percent.
A. What is the discounted payback period for these cash flows if the initial cost is $6,400? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
B. What is the discounted payback period for these cash flows if the initial cost is $10,400? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
A. The discounted payback period for these cash flows if the initial cost is $6,400 is 3 years.
B. The discounted payback period for these cash flows if the initial cost is $10,400 is 4 years.
What is the discounted payback period?The discounted payback period shows when the discounted cash inflows will meet the present value of the cash outflows.
Data and Calculations:Year Cash inflows Discount Discounted
Factor Value
Year 1 $2,800 0.901 $2,522.80
Year 2 $3,700 0.812 3,004.40
Year 3 $5,100 0.731 3,728.10
Year 4 $4,300 0.659 2,833.70
Total discounted value (cash inflows) $12,089
Cash outflow = $6,400
Discounted payback period = 3 years
Cash outflow = $10,400
Discounted payback period = 4 years
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Alcohol affects the Limbic portion of the brain by What?
Alcohol affects the Limbic portion of the brain by the cerebellum.
How does alcohol affect the human brain?The way that alcohol affects the brain is that it leads to the shrinking of the brain matter in humans. This has the way of causing a human to act in certain ways that may show that they may be experiencing memory loss.
It makes it harder for the parts of the brain that is in control of balance, speech and coordination to be able to carry out their functions effectively. Hence we can say that alcohol affects the Limbic portion of the brain by the cerebellum.
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Oleg's four employees have been with him since he opened Ready Recruitment Services nearly a decade ago. As he anticipates staffing his new branch office, he decides none of these four long-time employees are ready to manage the office. Faced with this difficult situation, what should Oleg do?
A. He should appoint one of the three anyway to show that he appreciates their loyalty and commitment.
B, He should run the new branch himself and appoint one of the three to take over the original office.
C. He should hire a new qualified employee to manage the office since utilizing his unready employees could be detrimental to the business.
D. He should appoint all three to the new branch and let them run it using a team approach.
Olego should run the new branch himself and appoint one of the three to take over the original office since he don't want to use his long-time employees.
Why should Olego run the new branch himself ?According to the question, we were told that he had four long-time employees which are ready to manage the office, but due to his way of managing things he don not see any of them as the best match that can handle the things like he want, then the best is to handle things himself.
In conclusion, the best advice for Olego is to get the new branch and run it by himself.
Therefore, option B is correct.
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Please help it should be 3 paragraphs with 4 sentences in each paragraph. thanks
In writing an essay you must consider the structure of the essay, Hence, the structure of the essay should be considered;
The Introduction The bodyThe conclusionThis is further explained below.
What are paragraphs?Generally, In written communication, a self-contained unit of speech that focuses on a single concept or point is referred to as a paragraph.
In conclusion, Paragraphs are a typical method of structuring longer sections of text, despite the fact that their use is not mandated by the orthographic norms of any language that employs a writing system.
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Which of the following statements about debt financing is FALSE?
A. Debt financing comes from banks or other commercial
lenders.
B. When a bank gives a company a loan, they become partial
owners of the company.
C. Companies often have to pay interest when they use debt
financing.
D. It's harder for startups to get debt financing.
Answer:
B
Explanation:
In 25 words or fewer, describe how the products related to listening to music demonstrate the need for product development .
The products related to listening to music such as headphones etc demonstrate the need for product development so as to ensure there is no negative effect on the health of users.
What is Product development?
This is used to denote all the steps from the early stage of giving ideas to the last stage of getting the products to the market.
Product development is vital as the best possible products are made available to the consumers to choose from. The selection is based in different types of factors ranging from durability to the cost. A product with good development will bring in more sales and profit for the organization.
In the case of music listening, the products which is to be used will have to be the one that has no negative effect such as migraine etc.
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4. “TOKYO, Aug, 17 (Xinhua)—Although Japan’s economic growth turned positive as shown by the statistics of the second quarter, It remained sluggish due to poor control of the COVID-19 pandemic and persistently weak personal consumption. Japan’s real gross domestic product (GDP) inched up 0.3 percent in the second quarter compared to the previous quarter, up 1.3 percent at an annual rate, according to statistics released by the Cabinet Office on Monday. Which of the following is NOT a problem associated with using Gross Domestic Product as a measure of economic performance. A. Statistics released by the Cabinet Office are often revised as more accurate information becomes available. B. Transactions being counted more than once. C. Certain transactions that take place in the Japanese economy are not recorded. D. Non-market production.
According to data issued by the Cabinet Office, Japan's real gross domestic product (GDP) increased 0.3 percent in the second quarter compared to the first quarter and 1.3 percent annually.
According to statistics, the third state of emergency in Japan kept the country's economy in a slump in the second quarter. Private consumption, which makes up more than half of the GDP, increased by just 0.8 percent from the first quarter, which economists view as making up for a previous sharp decline.
Japan's economy once again grew negatively in the first quarter of this year, with real GDP falling by 1.0 percent from the previous quarter and personal spending falling by 1.4 percent.
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Not telling the truth is an example of which ethical principle? Utilitarianism, universalism, rights, justice, virtue ethics
Not telling the truth is an example of the principle of virtue ethics, because according to this theory, an individual is ethical according to his character, that is, the set of his virtues, and not telling the truth is related to the lack of virtue.
Who developed virtue ethics?The Greek philosopher Aristotle developed such a theory according to his current of thought that every individual has a character and certain virtues such as a sense of honesty, compassion and the practice of good deeds and behaviors, which correspond to the achievement of happiness and fulfill the purpose of life.
Aristotle's virtue ethics understands the nature of virtues and the consequence of non-virtuous actions for society and its correct functioning.
Therefore, according to such normative theories, man must practice good moral actions so that it can be improved, thus increasing his virtues that are essential for a peaceful, integrated and orderly society.
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6 of 10
How could defaulting on a loan or having a high debt-to-income ratio
impact your future opportunities?
It can improve your credit score and make it easy to borrow money for big
purchases like a house or car.
It can block affordable options in your searching algorithms.
There is no impact on future opportunities.
It can lower your credit score and make it difficult to borrow money for big
purchases like a house or car.
Like defaulting on a loan or having a high debt-to-income ratio
impact your future opportunities, in the sense that you can lower your credit score and make it difficult to borrow money for large purchases like a house or car.
How to improve your credit score?It is essential that the individual has a financial plan so that he can meet his responsibilities on a loan in the amount and date agreed by contract. Timely payments are essential to raise your credit score, there are some features that help with this purpose, such as pre-scheduled payments to be automatically debited.
Therefore, personal financial planning is an essential tool for citizens to make financial decisions in line with their reality, a personal budget will help to better understand their income and expenses, and consequently, better manage their money.
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Allowing each employee to choose between working hour options is an example of which ethical principle? Utilitarianism, universalism, rights, justice, virtue ethics
Allowing each employee to choose between working hour options is an example of justice.
What is justice in the work place?This is the term that has to do with the fact that all of the people that are in the same workplace have the option of getting treated and having the same rules that are applicable to them. That is no one person has to be worse of in the business place when the other persons that are in the region are able to get things done in a different way.
With this said, if one person in the business is able to choose what their business hours would be, it would be applicable to the others that are also in the environment. This is a way for the business to ensure justice.
Hence we would say that Allowing each employee to choose between working hour options is an example of justice.
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QUESTION 8
All of the following procedures for refilling the engine oil are correct, EXCEPT:
Select the correct option and click NEXT.
Run the engine for 5 seconds and then turn it off.
Check the oil level with the dipstick.
Check for leaks underneath the engine.
Reuse the drain plug gasket.
Then turn off the engine after five seconds of operation.
How long should your car be left running before you switch it off?If you're going to wait more than ten seconds, turn off your ignition. Contrary to popular opinion, starting your automobile up again does not result in increased fuel use. In actuality, leaving the engine idle for just 10 seconds uses more petrol than starting it again.
Is turning off an automobile after starting it bad?Response given by. wonderful question Contrary to popular misconception, repeatedly starting and stopping your automobile won't cause excessive wear and tear or harm to the engine or starter; in reality, the only negative effect is a brief strain on the battery.
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What does an individual demand curve tell a pizza restaurant?
Answer: Before explaining how we describe individual demand curves, let us briefly review the law of demand. It expresses the inverse relationship between price and quantity demanded. When the price of a good rises, the quantity demanded by individuals will fall. Vice versa, when the price falls, the quantity demanded by individuals will increase.
Explanation: hope this helps
COMPLETE ANSWER
THE ANSWER TO THE QUESTION IS I'M GOING TO VOTE BRAINLIEST
YOU NEED TO PROVE YOUR ANSWER
Direction: Read each statement carefully. Write True in the blank if the statement is right and False if it is wrong and prove it.
3. Poor corporate image is a strength of the firm.
4. Money is the lifeblood of every business.
5. Customers are the king of the market.
6. Demographic aspects are the characteristics of the people in which the organization can be found.
7. Macro and micro environment are types of internal environment.
8. Technological includes the use of robots and online commerce.
9. Improper plans and policies help the firm to accomplish its objectives.
10. Socio-cultural are the characteristics of the population of a certain place.
Answer:
true
false
false
true
true
true
false
false
Explanation:
most of the true questions are statements that can be proven so all u have to put is true ,a statement that can be proven and on the false ones just put , they are opinions
Using predictive analytics can be a great way for businesses to
Using a predictive analytics can be a great way for businesses to predict risk and find relationships in data not readily apparent with traditional analyses.
What is a predictive analytics?Basically, this type of analytics means to the use of statistics and modeling techniques to make predictions about future outcomes and performance. It mainly looks at current data patterns to determine if those patterns are likely to emerge again, so, its allows businesses and investors to adjust where they use their resources to take advantage of possible future events.
As the predictive analysis can also be used to improve operational efficiencies and reduce risk, then, it can be a great way for businesses to predict risk and find relationships in data not readily apparent with traditional analyses.
Missing words "Using predictive analytics can be a great way for businesses to _______"
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How impactful was high shipping demand on customers questions
Answer:
Extremely impactful.
Hope this helps! :)
how do u get that anwer
Exercise 5-26 (Static) Activity Levels and Cost Drivers [LO 5-2]
Steve’s Slop Shop, a small hamburger shop, has identified the resources used in its operations (assume each customer’s order is a batch for this example):
Required:
1. Classify its costs as unit-level, batch-level, product-level, or facility-level costs.
2. Suggest a proper driver for each of the items.
Required 1 Required 2
Complete this question by entering your answers in the tabs below.
Classify its costs as unit-level, batch-level, product-level, or facility-level costs. (If an activity can be classified with more than
one selection, choose the option that contains ALL the appropriate classifications.)
Required 1 Required 2
Resources Cost Hierarchy
a. Bread
b. Hourly workers that cook hamburgers
c. Store rent
d. Ground beef
e. Catsup
f. Advertising for Triple-Burger special
g. Salary for the store managers
h. Utilities
i. $1-off-coupon for each order
j. Bag for each order
In an overview, the activity based costing is a system of overhead allocation that is more accurate than that of traditional system of overhead allocation.
What is an Activity based costing?In accounting, it refers to the technique in cost accounting that uses am activity cost pools, cost drivers and activity rates to assign overhead costs to goods/ services.
Cost Cost class. Driver Classification
A) Bread Unit level Direct Material
B) Hourly Help Batch level Machine hours
C) Store Rent level Time per order
D) Ground Beef Batch level Direct Material
E) Catsup Batch level No. of orders
F) Adv. for Burger special Product level No. of orders
G) Salary for managers Facility level No. of customers walkins
H) Utilities Facility level Time per order
I) $1-off-coupon for each Unit level No. of orders
J) Bags for each order Unit level No. of orders
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