Made Well Tool, Inc., a manufacturer of cutting tools, divided its manufacturing process into two Departments - Machining and Finishing. The estimated overhead costs for the Machining and Finishing departments amounted to $400,000 and $1,000,000, respectively. The company produces two types of tools - Standard and Deluxe. The total estimated labor hours for the year were 4,000, and total estimated machine hours were 2,000. The Machining department is mechanized, whereas the Finishing department is labor oriented. Calculate departmental predetermined overhead allocation rates.
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What will be an ideal response?
When compared to other forms of promotion, personal selling:
a. becomes more important as the number of potential customers increases. b. tends to be more effective in selling frequently purchased products. c. gives more freedom for the sales message to be customized according to the interests of the prospective customers. d. provides better prospects for the sale of simple, low-involvement products that require little thought before purchase.
When you solve a problem for someone else, you assume the responsibility for developing a satisfactory solution for them, the ____________________.
Fill in the blank(s) with the appropriate word(s).
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What will be an ideal response?