Answer:
A. Education, savings, and human capital, respectively.
Answer:
Profits Comparison:
Sold Separately Bundled
Revenue $32,500 $30,000
Costs 29,000 29,000
Profits $3,500 $1,000
The calculations show that it is far better to sell the snowboards and bindings separately at the profit-maximizing prices than bundling them and selling for one price.
This is because, if the single price is more than $500, the beginners might not buy the items and they will remain unsold.
Explanation:
a) Data and Calculations
Cost of purchase of 60 sets of snowboards and snowboard bindings = $29,000
Unit cost of a set of snowboard and binding = $483.33 ($29,000/60)
Snowboarders Advanced Intermediate Beginners Average
Number 20 20 20
Snowboards $350 $250 $175 $258.33
Bindings 250 275 325 $283.33
Total $600 $525 $500 $541.66
Total revenue: Total
when sold separately $12,000 $10,500 $10,000 $32,500
Total revenue:
when bundled at a price (for example $500 for each) = $30,000 ($500 * 60)
Sold Separately Bundled
Revenue $32,500 $30,000
Costs 29,000 29,000
Profits $3,500 $1,000
Answer:
D. Separation of Duties
Explanation:
Separation of duties also know as segregation of duties refuses that one person he responsible of acquisition of assets, their custody and related record keeping. The process in which Karen is using to prevent fund by separating individuals who as the authority to issue checks is known as separation of duties. It is a form of internal control aimed at reducing risk of errors and frauds.
Maria should create a spreadsheet with outlines
Answer:
Option which would likely appear on that budget will be:
Batch level costs: production setup.
Explanation:
Here the company uses activity based budgeting is a management accounting tool which new year budget is only seen by not considering the previous year records.
Activity based budgeting which is a budgeting method in which firstly the overhead costs are being calculated and the the budgets gets created.
Batch-level cost is a cost which is not associated with any given specific individual units but is associated with a group of units.
For example, to set up a production run the cost incurred is associated with the batch of goods that are produced subsequently.
Another example can be be procurement costs. The expenses associated with the procurement costs include the ordering of direct materials, paying suppliers and receiving goods.
Since all of the expenses are related to the orders placed numbers, they must be allocated not to an individual product but to group of unit.
