Prototyping has become a popular way to develop
business applications because Prototyping speeds up the process and can make
the development process easier and faster and it allows end user to open the
application development process.
<span> When the
requirements are not clear, during the design of the end user interface, prototyping
is used. And end user have more input in the development process when there is
prototyping. These are the advantages of prototyping.</span>
<span>The disadvantages are sometimes system failure
because prototyping process is fast so may be some steps relating to testing
the system stability can be missed, and upfront developer costs are also more
expensive.</span>
Answer:
$24 is the marginal cost of producing the third unit of output.
Explanation:
We know that the average variable cost of producing 3 units is 32, if we multiply 32 by 3 we get the total variable cost of producing 3 units. So 96 is the total variable cost of producing 3 units. Now we know that the marginal cost of producing the firs unit is 40 and the second unit is 32 so we can subtract (32+40) from 96 to find the marginal cost of the third unit.
96-(32+40)=24
The answer to the blank provided in the question "<span>Nike _________________ its products in foreign countries, where labor is cheap and production sites are owned by other companies. this strategy allows nike to experiment in new markets without incurring large start-up costs involved with building their own production facilities." is Contract Manufactures.</span>
Answer:
b. use lower-cost materials
Explanation:
In Accounting, costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.
Production costs can be categorized as;
1. Variable costs: these are costs that usually change with respect to changes in the level of production or output. Examples are direct labor, maintenance of equipment or machines, raw materials costs etc.
2. Fixed costs: these are the costs which are not directly related to the level of production or not affected by the quantity of output in an organization. Examples are rent, depreciation, administrative cost, research and development costs, marketing costs etc.
Some of the ways to accomplish activity cost reduction are;
I. The operations of a business firm should be improved in order to make the activity-base usage per unit to be reduced.
II. The classification of employees doing an activity should be changed so as to decrease the activity rate.
The man forgot all of his worries while he was on his vacation.
