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2 years ago

A ________ is a story of how the firm will create value for customers and, more important, how it will do so profitably.

1 answer:

3 0

A business is a story of how the firm will create value for customers and, more important, how it will do so profitably.

<h3>What is a business ?</h3>

Business can be described as the activity which involves the making of money through the production or buying and selling products.

It is should be noted that it is "any activity or enterprise entered into for profit, business is a story of how the firm will create value for customers and, more important, how it will do so profitably.

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Lorenzo Company applies overhead to jobs on the basis of direct materials cost. At year-end, the Work in Process Inventory accou

kotykmax [81]

Answer:

1. Overhead rate = Overhead costs / Direct material costs

Overhead rate = $684,000 / $1,900,000

Overhead rate = 0.36

Overhead rate = 36%

2. How much direct labor cost and overhead cost are assigned to this job?

Total cost of job in process $71,000

Less: Overhead applied $7,920

($22,000 * 36%)

Less: Material cost of job in process <u>$22,000</u>

Direct labor cost <u>$41,080</u>

Hence, direct labor cost is $41,080 and Overhead cost is $7,920

8 0

3 years ago

Creating a chant that rhymes to remember information is a memorization technique.

jolli1 [7]

Answer:

Explanation:

BECAUSE I AM SMART AND BECAUSE I TOOK THAT SAME CLASS

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2 years ago

Sheffield’s Manufacturing Company can make 100 units of a necessary component part with the following costs: Direct Materials $1

larisa [96]

Answer:

Company Save $37000 by Buying

Explanation:

given data

make component part = 100 units

Direct Materials = $122000

Direct Labor = 34000

Variable Overhead = 55000

Fixed Overhead = 30000

purchase the component = $200000

fixed costs = $4000

to find out

make or buy decision

solution

first we find here Total Cost for Making component part

total cost = Direct Materials + Direct Labor + Variable Overhead + Fixed Overhead ..............1

put here value

total cost for make = $122000 + 34000 + 55000 + 30000

total cost for make = $241000

and

now we find here Total Cost for buying component part

total cost = Purchase Price + fixed costs ............2

put here value we get

total cost for buying = $200000 + $4000

total cost for buying = $204000

we can say Company Save = $241000 - $204000 = $37000 by Buying

5 0

3 years ago

Mini’s ice cream stand offers different combinations of premium flavors, cones, and toppings to create hundreds of extravagant,

Yakvenalex [24]

Answer:

She is using the <u>generic differentiation strategy.</u>

Explanation:

This strategy consists of the differences shown by the product or service offered by the company compared to others that do the same, creating something that is perceptive for people who are looking for something new or are tired of the same things as always.

By including new premium flavors, cones and toppings on the menu, she is giving customers the pleasure of choosing for themselves how their ice cream will taste, what shape it will have, what colors it will have.

8 0

3 years ago

Read 2 more answers

What warranty is created when a merchant affirms that the goods meet certain standards of quality, description or condition?

Karo-lina-s [1.5K]

Answer:

An express warranty

Explanation:

Express warranties can be made in writing, orally or even inferred by the salesperson's conduct. Even if the salesperson made a mistake by offering an express warranty, it is still valid. An express warranty states that a good or service will specifically be a certain way, or perform in a certain way. When a salesperson shows a model of the good, that is considered a express warranty that the good will be the same as the model.

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3 years ago