Answer:
its someone who is really smart or very intelligent
Explanation:
Answer:
Explanation:
a. The computation of the labor rate variance is shown below:
= Actual Hours × (Actual rate - standard rate)
= 5,050 × ($16.80 per hour - $16 per hour)
= 5,050 × $0.80 per hour
= $4,040 unfavorable
b. The computation of the labor time variance is shown below:
= Standard Rate × (Actual hours - Standard hours)
= $16 per hour × (5,050 hours - 1,000 × 5.4 hours)
= $16 per hour × -350 hours
= -$5,600 favorable
c. The computation of the total labor variance is shown below:
= (Actual hours × Actual rate) - (Standard hours × standard rate)
= (5,050 hours × $16.80 per hour) - (1,000 bicycles × 5.4 hours × $16 per hour)
= $84,840 - $86,400
= -$1,560 favorable
Answer: PROCESS
Explanation: GARY HAMEL is a world acknowledged thinker Born on the year 1954,he described management as a process,he is the founder of STRATEGOS a management consultant firm,through his work he showed that management should be seen as a PROCESS through which ongoing innovations and improvements can be achieved. According to Gary Hamel,
Management innovation is an innovation in management principles and processes that ultimately changes the practice of what managers do, and how they do it.
Answer:
Cobb Company
<u>Responsibility report for the Plastics Division beginning with contribution margin for the year ending December 31, 2020.</u>
Report to product manager budget over (under)
Contribution margin $669,000 $16,225
Dirrect fixed cost -<u>$298,200</u> -<u>$5,000</u>
Product margin <u>$370,800</u> <u> $11,225</u>
Explanation:
In preparing reponsibility report, the difference between actual and budgeted is reported as over or under depending on if the item is an income or expense item. If the item is an income item, example, contribution margin, the difference between budget and actual is over when actual value is higher than budgeted.
