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2 years ago

if the cost of a direct material is a small portion of total production cost, it may be classified as part of

1 answer:

3 0

If the cost of a direct material is a small portion of total production cost, it may be classified as part of factory Overhead Cost.

What is factory Overhead Cost?

The expenses incurred in the manufacturing process, excluding the costs of direct labor and direct materials, are referred to as factory overhead. Typically, factory overhead is gathered into cost pools and distributed to units produced throughout the time period.

Therefore,

If the cost of a direct material is a small portion of total production cost, it may be classified as part of factory Overhead Cost.

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Phoenix Guitars is interested in pursuing backward integration to take greater ownership of the extraction of raw materials and

jok3333 [9.3K]

Answer:

Option A

Explanation:

In simple words, Regardless of the expense of making guitars, the technique reduces the total cost of manufacturing a instrument. Phoenix would be in the production business of instruments, not pickups.

The target of this technique is therefore the entire guitar, not really the pickups. The smaller the process of manufacturing their instruments, the better manoeuvrability they have on the market. When they have reduced costs, they may change rates downwards in order to capture further market penetration.

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3 years ago

Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on whic

Kay [80]

Answer:

≈ 9644 quantity of card

Explanation:

given data:

n = 4 regions/areas

mean demand = 2300

standard deviation = 200

cost of card (c) = $0.5

selling price (p) = $3.75

salvage value of card ( v ) = $ 0

The optimal production quantity for the card can be calculated using this formula below

= <em>u</em> + z (0.8667 ) * б

= 9200 + 1.110926 * 400

≈ 9644 quantity of card

First we have to find <em>u</em>

u = n * mean demand

= 4 * 2300 = 9200

next we find the value of Z

Z = ( $\frac{p-c}{p-v}$ )

= ( 3.75 - 0.5 ) / 3.75 = 0.8667

Z( 0.8667 ) = 1.110926 ( using excel formula : NORMSINV (0.8667 )

next we find б

б = 200 $\sqrt{n}$ = 400

7 0

4 years ago

Which of the following statements is FALSE regarding financial and nonfinancial measures of performance?a.Nonfinancial measures

faltersainse [42]

Answer:

D. Financial measures are lead indicators of future success.

Explanation:

This is said to be not true regarding financial and non financial measures of performance.

Businesswise, it is often debated whether a commonly perceived good company, as defined by characteristics such as competitive advantage, stable earnings, above-average management, and market leadership, is also a good company in which to invest. While these characteristics of a good company can point toward a good investment, this article will explain how to also evaluate the company's financial characteristics and how to know if a company is a good investment.

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3 years ago

Agile project management involves ____ whereas traditional project management involves _______. Multiple Choice known and stable

Ainat [17]

Answer:

For comprehension purposes, I would write the question again with options attached below:

Agile project management involves ____ whereas traditional project management involves _______. Multiple Choice

a. known and stable scope, unknown requirements

b. high certainty, projects with unstable scope

c. projects with high predictability, project with unknown or unstable requirements

d. iterative and incremental delivery, upfront planning with high predictability

e. high uncertainty, projects with unknown requirements

The correct answer is option d. (iterative and incremental delivery, upfront planning with high predictability)

So, Agile project management involves <u>iterative and incremental delivery </u>whereas traditional project management involves <u>upfront planning with high predictability</u>.

Explanation:

Agile project management involves iterative and incremental delivery as Agile project management allows making changes to the product which then opens ways for iteration. Agile life cycles are composed of several iterations because of changes that might arise due to feedback during the production process of the project.

Traditional project management is highly predictable and it doesn't give room for changes as project cycles and stages are planned ahead. It's a rigid process.

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3 years ago

How many days does a server have to get trained after starting their employment?.

Sidana [21]

A server is required to complete 60 days of training after beginning work.

<h3>Describe employment.</h3>

Employment is a partnership between two people that governs the delivery of compensated labor services.
One party, the employer, who may be a company, a not-for-profit organization, a co-operative, or any other entity, pays the other, the employee, in accordance with the terms of a contract in exchange for doing the job that has been allocated to them.
Employees perform work in exchange for pay, which may be made up of an hourly rate, piecework payments, or an annual salary, depending on the nature of the work performed, the industry conditions in effect, and the bargaining power of the parties.

<h3>What do you mean by training?</h3>

Training is teaching, or developing in oneself or others, any skills and knowledge or fitness that relate to specific useful competencies.
Training has specific goals of improving one's capability, capacity, productivity and performance.

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2 years ago