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4 years ago

"for which service characteristic do marketers need to pay close attention to fluctuations in demand?"

1 answer:

4 0

Perishability is a service characteristic that marketers need to pay attention to fluctuations in demand for. Perishability means that the item will not have a shelf life that's long lasting. If the market is creating/producing to many of one item or a service that is perishable and the demand is low, they will end up losing out on the service because it can not be stored for future use.

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World Class Rings produces class rings. Its best-selling model has a direct materials standard of 16 grams of a special alloy p

Anvisha [2.4K]

Answer:

a. The actual Cost per gram of Special Alloy is $63.20 per gram

b. The direct material price variance is $1,680 Favourable

c. The Direct Material Quantity Variance is $18,990 unfavourable

d. The direct material quantity variance has caused that the company had to use more alloy than the standard allows, the company purchased a lower-quality alloy at lower price

Explanation:

In order to calculate the actual cost per gram of the special alloy that World Class Rings purchased last month, we have to use the following equation:

Actual Cost per gram of Special Alloy = $1,061,760 (Total Actual Cost) / 16,800 gram (AQ Purchased)

a. Actual Cost per gram of Special Alloy = $63.20 per gram

To calculate the direct material price variance we have to use the following formula:

(Standard Price - Actual Price) X Actual Quantity Purchased = Direct Material Price Variance

($63.30 - $63.20) X 16,800 grams = Direct Material Price Variance

b. Hence, the direct material price variance =$1,680 (F)

To calculate the direct material quantity variance we have to use the following formula:

(Standard Quantity - Actual Quantity) X Standard Price = Direct Material Quantity Variance

(16,000 grams - 16,300 grams) X $63.30 = Direct Material Quantity Variance

c. Hence, Direct Material Quantity Variance=$18,990 (U)

d. The direct material quantity variance has caused that the company had to use more alloy than the standard allows, the company purchased a lower-quality alloy at lower price.

6 0

3 years ago

If Emily makes a one-time deposit of $400 at 12% compounded quarterly for 8 years, what is the value of the investment in 8 year

Scrat [10]

The total amount accrued, principal plus interest, with compound interest on a principal of $400.00 at a rate of 12% per year compounded 4 times per year over 8 years is $1,030.03.

<h3>What is compound interest ?</h3>

Compound interest is the addition of interest to the principal sum of a loan or deposit, or interest on interest plus interest.

Compound interest is when you earn interest on both your savings and your interest earnings. Assume you invest $1,000 (your principal) and earn 5% (interest rate or earnings) once a year (the compounding frequency).

Compound interest works by adding accumulated interest to your principal (the amount you put into the savings account), which then begins earning interest. Essentially, your interest begins to earn its own interest.

To know more about compound interest follow the link:

brainly.com/question/24924853

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2 years ago

If monopolistic competitors must expect a process of entry and exit like perfectly competitive firms, Group of answer choices

Colt1911 [192]

Answer:

D. they will be unable to earn higher-than-normal profits in the long run.

Explanation: A monopolistic competition is a form of imperfect Competition where many firms that are located within a give market are known to offer similar products to the markets that are not enough to qualify them as a perfect close Substitute (the Purchase of one of the close Substitute does not necessarily prevent the purchase of another). in this type of imperfect Competition the possibility of a barrier to entry or exit is generally low.

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4 years ago

Read 2 more answers

Successful activity-based costing (ABC) implementation depends upon the firm: __________.a. Having support of consultants with n

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3 years ago

Ginger purchased a single-premium deferred annuity ten years ago at age 45. She used $40,000 of after-tax funds she had accumula

Dmitry_Shevchenko [17]

Ginger will owe income taxes and a 10% penalty on $50,000 of the following statements is correct.

Taxable Amount = ( $90,000 - $40,000 ) = $50,000

As the Distribution of Fund is at age 45 which is less than 59.5 , then it subject to 10% penalty

An income tax is a tax imposed on people or entities in respect of the earnings or income earned by means of them. profits tax usually is computed because the made of a tax charge instances the taxable income. Taxation quotes may additionally vary by kind or characteristics of the taxpayer and the kind of earnings.

For instance, if you earn $1,000 in a kingdom with a flat earnings tax fee of 10%, $one hundred in earnings taxes have to be withheld from your paycheck whilst you earn that profits.

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2 years ago

"for which service characteristic do marketers need to pay close attention to fluctuations in​ demand?"

"for which service characteristic do marketers need to pay close attention to fluctuations in demand?"