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2 years ago

The difference between the actual cost incurred and the standard cost is called the?

1 answer:

Taya2010 [7]2 years ago

4 0

A Standard Cost Variance is a difference between the actual cost incurred and the standard cost against which it is measured.

The main difference between normal costing and standard costing is that normal costing uses actual costs for material and direct labor costs, whereas standard costing uses predefined costs for these two items. That's it.

This difference between standard cost and actual cost is called variance. An unfavorable variance occurs if the actual cost is higher than the standard.

The main difference between marginal costing and standard costing is that marginal cost is a subset of standard cost and standard is a superset of marginal costing. Description: Standard costing is a costing method and there are two types of costing methods.

Learn more about Standard Cost Variance here: brainly.com/question/25790358

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Of the six images of managing change, the _____ and _____ images have their foundations in the field of organization theory.

Andreyy89

Answer:

C. caretaker, nurturer

Explanation:

Generally, there are six images of managing change, which are: navigator, caretaker, coach, director, interpreter, and nurturer.

The caretaker and nurturer images have their foundations in the field of the organization theory.

The caretaker image of managing change, evaluates change and deals with issues within change. The caretaker image of managing change believes that managers are to receive change instead of initiating change.

The nurturer image of managing change ensures that change is plainly understood. It argues that no matter how little a manner of change is, it can have a very big impact in an organization

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4 years ago

Identify the differences between the United States experiences during the Great Depression and the financial crisis of 2007-2009

PilotLPTM [1.2K]

Answer: The correct options are;

Option C

Option E :

Explanation:

The recent crisis led to more debt to GDP ratio jumped from 69% in 2008 to 79% in 2009. This level is higher than the maximum in the Great Depression and the increase in percentage points over two years is the same as that over six years during the great depression

Also,

The banking system was not hit hard during the great depression because the central banks of different countries were less coordinated, had different

objectives and policy instruments and some countries still had obligations and/or debts from

World War I. All countries had separate currencies, and lenders of last resort did not exist to

the extent they do today.

According to a discussion paper titled "The Great Recession versus the Great Depression: Stylized Facts on Siblings That Were Given

Different Foster Parents".

8 0

3 years ago

According to the _________ concept, a firm must (1) find out what customers want and provide it, (2) make sure everyone in the o

In-s [12.5K]

Answer: marketing

Explanation: In simple words, marketing refers to the set of activities that are performed by an organisation with the objective promoting the products that they are offering in the market.

It focuses on providing the customer those products that increases their level of satisfaction to the maximum level. It involves ascertaining the needs of customers and then making a suitable product.

Thus, from the above we can conclude that the correct option is C.

5 0

3 years ago

All of the following are competitive forces in Porter's model except: Group of answer choices customers disruptive technologies

Aloiza [94]

The option that is not among the Porter's five forces is disruptive technologies.

<h3>What are the Porter's five forces?</h3>

The Porter's five forces is used to analyse the competitive forces of firms operating in a particular industry.

The Porter's five forces are:

Competition in the industry.
Potential of new entrants into the industry.
Power of suppliers.
Power of customers.
Threat of substitute products

To learn more about the porter's five forces, please check: brainly.com/question/5183977

3 0

2 years ago

In order to formulate strategies that align with the mission some of the activities the organization will need to perform are

KATRIN_1 [288]

Complete Question:

In order to formulate strategies that align with the mission some of the activities the organization will need to perform are?

Group of answer choices

A. Know their core competencies.

B. Assess internal strengths and weaknesses.

C. Examine the external environment.

D. Analyze competitors.

E. All of these should be considered when formulating strategies.

Answer:

E. All of these should be considered when formulating strategies.

Explanation:

In Business management, a strategy can be defined as a set of guiding principles, actions and decisions that an organization combines so as to achieve its business goals, attract customers and possess a competitive advantage over its rivals in the industry.

In order to formulate strategies that align with the mission some of the activities the organization will need to perform are;

1. Know their core competencies: this involves identifying your strengths such as knowledge, technology, underlying skill, experience, ability or process that enables you to perform exceptionally and provide a unique set of products or services that meets the needs of your customers.

2. Assess internal strengths and weaknesses: it gives an organization certain ADVANTAGES, edge and disadvantages in meeting the needs of various customers by analyzing their strengths, weaknesses, opportunities and threats (SWOT).

3. Examine the external environment: this involves examining and identifying all the factors outside of an organization that affects its performance such as customers, government policies, competitors etc.

4. Analyze competitors: organization should ensure they are always a step ahead of the their competitors in the industry.

5 0

3 years ago