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2 years ago

Is it essential that business market managers recognize which prospective customer firm is having a buying orientation.

1 answer:

5 0

It is essential that business market managers recognize which prospective customer firm is having a buying orientation. The statement is correct.

<h3 /><h3>What is Business?</h3>

Business refers to the activity performed by an individual or the group of the people produce the product for selling to the prospective customer in order to earn profits.

It is very important for the business to know the customers preferences and the habits in order to sell their product. Customers satisfaction is necessary for the growth and the survival of the firms.

Customers are the ones who have to purchase the product produced by the firm. Thus is makes very critical for business managers to have the knowledge about the buying habits of the customers.

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The Assembly Department produced 1,000 units of product during March. Each unit required 1.25 standard direct labor hours. There

frutty [35]

Answer:

Debit Work in process for $15,625

Debit Direct labor time variance for $625

Credit Direct labor rate variance for $650

Credit Wage payable for $15,600

Explanation:

Before preparing the journal, the following calculations are done first:

Wage payable = Actual hours * Actual rate per hour = 1,300 * $12 = $15,600

Direct labor time variance = (Actual hours - Standard hours) * Standard direct labor rate = (1,300 - (1,000 * 1.25)) * $12.50 = $625 Unfavorable

Note: Direct labor time variance is Unfavorable because Actual hours is greater than Standard hours.

Direct labor rate variance = (Actual rate - Standard rate) * Actual hours = ($12 - $12.50) * 1,300 = -$650 Favorable

Note: Direct labor rate variance if Favorable because Actual rate is lower than the Standard rate.

Work in process = Wage payable + Absolute value of direct labor rate variance - Direct labor time variance = $15,600 + $650 - $625 = $15,625

The journal entries will now look as follows:

<u>Date Particulars Debit ($) Credit ($) </u>

Mar. 31 Work in process 15,625

Direct labor time variance 625

Direct labor rate variance 650

Wage payable 15,600

<u><em> (To record the direct labor in the Assembly Department.) </em></u>

4 0

3 years ago

Recently, the cable television networks have bombarded viewers with a variety of shows based around teams that come in to redeco

allochka39001 [22]

Answer:

social integration. i hope this helps for you!

Explanation:

7 0

3 years ago

Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows:

BARSIC [14]

Answer:

Results are below.

Explanation:

Giving the following information:

Sales in Units

April 70,000

May 85,000

June 110,000

July 90,000

Desired ending inventory= 15% of the following month’s sales.

The inventory at the end of March was 10,500 units.

<u>To calculate the production required for each month, we need to use the following formula:</u>

Production= sales + desired ending inventory - beginning inventory

<u>April:</u>

Sales= 70,000

Desired ending inventory= 85,000*0.15= 12,750

Beginning inventory= (10,500)

Total production= 72,250

Sales= 85,000

Desired ending inventory= 110,000*0.15= 16,500

Beginning inventory= (12,750)

Total production= 88,750

Sales= 110,000

Desired ending inventory= 90,000*0.15= 13,500

Beginning inventory= (16,500)

Total production= 107,000

Total quarter= 268,000

8 0

3 years ago

When entrepreneurs bring a new product to market or use a new production method, they are?

Tamiku [17]

Entrepreneurs are people who design, launch and run new businesses that are initially small with an aim of making profit. When entrepreneurs are bringing a new business or a new production method to the market they are innovating. Innovation is the process of implementing new idea or method of production in a business to create or increase value of a organization.

6 0

2 years ago

Firms that are _______ recognize that including a strong social orientation in business is a sound strategy that is in the best

nirvana33 [79]

Answer:

The correct answer is E. socially responsible

Explanation:

A company is socially responsible when it works attached to values and that within its business objectives includes supporting social, economic and environmental needs in order to optimize its competitive situation and its added value.

When a company is socially responsible, it does so by its own decision and not by taxation and its policies, strategies and practices are aimed at favoring its employees, suppliers, family, environment and environment.

The green paper of the European Commission states that "corporate social responsibility is the voluntary integration, by companies, of social and environmental concerns in their business operations and their relationships with all their partners."

7 0

3 years ago