Growth like this requires developing a formal structure that will ensure the efficiency of operation.
<h3>What is a Formal Structure?</h3>
A formal structure is a structure that aids a company's owner in maintaining a specified hierarchy of standards.
The formal structure assists in organizing the workforce or workers.
As a result, each person's work will be explicitly assigned to them, and each will be responsible for their own tasks.
When a firm is growing from a low to a high level, expending a significant amount of time and work is necessitated.
Therefore, if a company is growing and progressing, the owner must adhere to a formal structure.
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Answer:
Return on investment= 87.87
%
Explanation:
Dollar return on investment is the sum of the capital gains and the dividend received all expressed as a percentage of the cost of the investment.
Total cost = 250×104.32=26,080
Total capital gain = (193.65- 104.32)× 250 = 22,332.5
Dividend = $2.34 per share×250 = 585
Dollar return on Investment = (585
+22,332.5)
/26080
× 100
= 87.87
%
Answer:
$500,000
Explanation:
The computation of total manufacturing cost is shown below:-
Flexible Budget Manufacturing Cost = Variable cost of Manufacturing at actual units + Estimated Fixed Manufacturing Costs at the budgeted Units
= (8,000 Units × $50 per unit) + (5,000 Units × $20 per unit)
= 400,000 + 100,000
= $500,000
So, for computing the Flexible Budget Manufacturing Cost we simply applied the above formula.
