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3 years ago

Why would a company choose to outsource? what are the advantages and disadvantages to outsourcing?

2 answers:

8 0

A company would likely outsource service or manufacturing to reduce service or production costs; this is why a majority of consumer products are made in east Asian countries, as they have very low manufacturing and labor costs. However, these cheap goods and services tend to have lower quality and/or performance when compared to their domestic, higher-priced counterparts. In short, outsourcing is generally used to cut costs, but the quality of goods or services typically suffers to some degree.

Stolb23 [73]3 years ago

3 0

Answer:

To increase their profit. Companies choose to outsource labor because the cost to pay workers in other countries is way less expensive.

Explanation:

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rippett Industries manufactures cleaning products. During the year, the company spent $600,000 on chemicals and $728,000 on conv

Andru [333]

Answer:

The manufacturing overhead cost during the year=$128,000

Explanation:

The manufacturing overhead costs can be calculated using the formula below;

O=C-M

where;

O=manufacturing overhead costs

C=conversion costs

M=material costs

In our case;

O=unknown

C=$728,000

M=$600,000

replacing;

O=728,000-600,000=128,000

O=128,000

The manufacturing overhead cost during the year=$128,000

5 0

2 years ago

XOLO Ltd. sold its stocks at a face value of $10. The stocks presently have a market value of $45. The earning per share (EPS) i

miss Akunina [59]

Answer: C

Explanation:

dividing a company's current stock price by its earnings per share (EPS)

45/2.25=20

4 0

3 years ago

James Industries uses departmental overhead rates to allocate its manufacturing overhead to jobs. The company has two department

GREYUIT [131]

Answer:

Total cost= $9395

Explanation:

Giving the following information:

The company has two departments: Assembly and Sanding.

The Assembly Department:

Departmental overhead rate of $35 per machine hour.

The Sanding Department:

Departmental overhead rate of $20 per direct labor hour.

Job 603:

Direct labor hours used 85

Machine hours used 107

The cost of direct labor is $30 per hour

Direct materials used= $1,400.

Total cost= direct materials + direct labor + manufacturing overhead

Total cost= 1400 + $30*85 + [(107*$35)+(85*$20)]

Total cost= 1400 + 2550 + 5445

Total cost= $9395

6 0

3 years ago

DeMarcus has been general manager of the Surf and Turf Club restaurant for many years and always schedules extra staff for the b

Keith_Richards [23]

Answer:

illusion of control.

Explanation:

The illusion of control is the tendency for people to overestimate their ability to control events; for example, it occurs when someone feels a sense of control over outcomes that they demonstrably do not influence.

In the scenario, although Business has been consistently slow on Fridays in recent months, yet DeMarcus decides to continue with the extra staffing.

This is obviously a case of illusion because he has no control over the external business environment and there is no logical reason to continue with extra staffing.

3 0

2 years ago

The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Accounts Debit Credit Cash

zheka24 [161]

Answer:

Usually, we use the "Income Summary" account to close the Income Statement accounts such as revenues and expenses.

First, close the revenue account by debiting it:

(DR) Service Revenue $450,000

(CR) Income Summary $450,000

Then, close the expenses accounts by crediting them:

(DR) Income Summary $407,000

(CR) Salaries Expense $350,000

(CR) Rent Expense $17,500

(CR) Depreciation Expense $35,000

(CR) Interest Expense $4,500

Finally, close the Income Summary account to Retained Earnings.

The balance of the Income Summary is a credit balance of $43,000

(credit of $450,000 less debit of $407,000)

So, to close the account we have to debit it.

(DR) Income Summary $43,000

(CR) Retained Earnings $43,000

4 0

2 years ago