OFC Company has decided to implement a kaizen (continuous-improvement) program to enhance operational efficienc careful study, management and employees agree that the firm will be able to reduce cost rates for batch-level activities unit-level activities (other than Storage) by 1% per month during the first year of the program starting February 2019. The decided to delay the implementation of the program for customer-sustaining and facility-level activities until 2020. The i the amount of cost-driver usage in each of the next two months to be the same as those in January. Required: 1. Identify unit-level and batch-level activities. 2. What are the total budgeted costs for each activity and for the division as a whole in February and March? Complete this question by entering your answers in the tabs below. Required 1 Required 2 What are the total budgeted costs for each activity and for the division as a whole in February and March? (Do not round intermediate calculations.) Budgeted Costs Activity February March Storage Requisition handling Pick packing Data entry-Lines Data entry-Requisitions

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.