In a centrally planned economy
a) consumers do not have to consider prices when shopping.
b) prices are zero.
c) the government sets prices and decides how much of each good is to be produced.
d) producers have an incentive to produce those goods most desired by consumers at the lowest cost.

Nichols inc. manufactures remote controls. currently the company uses a plantminuswide rate for allocating manufacturing overhead. the plant manager is considering switchingminusover to abc costing system and has asked the accounting department to identify the primary production activities and their cost drivers which are as follows: activities cost driver allocation rate material handling number of parts $5 per part assembly labor hours $20 per hour inspection time at inspection station $10 per minute the current traditional cost method allocates overhead based on direct manufacturing labor hours using a rate of $20 per labor hour. what are the indirect manufacturing costs per remote control assuming an method is used and a batch of 10 remote controls are produced? the batch requires 100 parts, 5 direct manufacturing labor hours, and 3 minutes of inspection time.

If the findings and the results are not presented properly, the research completed was a waste of time and money. true false

Which of the following is least likely to a team solve problems together