Assume a company is conducting a time-driven activity-based costing study in its Purchasing Department. To aid the study, the company provided the following data regarding its Purchasing Department and three of its many jobs:   Number of employees 14 Average annual salary per employee $ 39,312 Weeks of employment per year 52 Hours worked per week 40 Practical capacity percentage 90%     Requisition Processing Bid Evaluation Inspection Minutes per unit of the activity 30 15 45

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Pricing

Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies while deciding to set prices.