Opportunity costs and the optimal allocation of time

Fibrous Incorporated makes products from rough tree fibers. Its product line consists of five items processed through one of five machines. The machines are not identical, and some products are better suited to some machines. Given the following production time in minutes per unit, determine an optimal assignment of product to m

What are opportunity costs? How are they used in the Hungarian Method?

5. Suppose that you have the opportunity to buy stock in AT&T and Microsoft. AT&T Microsoft Mean .10 .21 Standard Deviation .15 .25 a. What is the minimum risk (variance) portfolio of AT&T and Mic

As a student, what opportunity costs do you confront by enrolling in University of Phoenix's MBA program? Does your organization or an organization with which you are familiar consider opportunity costs when evaluating strategic opportunities? For your organization, are opportunity costs fixed costs, variable costs, both, or nei

Explain how the allocation process can make a fixed cost appear variable, leading to a poor decision.

The optimal mix of output may not be produced by an economy because of the existence of: a) monopolies b) externalities c) public goods d) all of the above I have many more questions, and I will direct those to the OTA's who can answer the questions in the most accurate and timeliest manner. that is, ASAP with 99% confid

4. Congress is allocating $1 million of research funding. It can fund research in surfboard safety, B, or in snowmobile safety, S. Since research is measured in dollars, the price of each good is $1. The utility of each Californian is The utility of all other Americans is a. To make this decision, Congress uses the soci

Cost Allocation is a method to identify and distribute indirect costs. Direct costs are costs assignable to a specific cost objective, whereas indirect costs are costs incurred for multiple cost objectives or not assignable to a specific cost objective without effort disproportionate to the benefit received. The benefits rec

Q1. "The more the better!" Was a comment made by the CEO of a major company when asked about allocation of sales, general, and administrative costs to products. Do you agree? Explain. Q2. Suppose a company uses machine hours as a cost-allocation base for factory overhead. How does the company compute a budgeted overhead