Answer:
The control has been implemented but is not operating effectively.
Explanation:
Budgetary control in finance can be regarded as the management of income as well as expenditure. It involves comparison of actual income/ expenditure with the planned income/ expenditure on regular basis so that it will be easier to know if there is need for corrective action. It should be noted that if a budgetary reporting system provides adequate reports, but the reports are not analyzed and acted upon, then there is implementation of control already but there is no effective operation.
Answer:
1. $8.25
2. $313,500
Explanation:
Given that,
Variable overhead cost per direct labor-hour = $2.00
Total fixed overhead cost per year = $250,000
Budgeted standard direct labor-hours (denominator level of activity) = 40,000
Actual direct labor-hours = 39,000
Standard direct labor-hours allowed for the actual output = 38,000
1. Total overhead cost at denominator level of activity:
= Total fixed overhead + Total variable overhead
= $250,000 + (40,000 × $2.00
)
= $250,000 + $80,000
= $330,000
Predetermined overhead rate:
= Total overhead cost at denominator level of activity ÷ Budgeted standard direct labor-hours
= $330,000 ÷ 40,000
= $8.25
2. Overhead applied:
= Standard direct labor-hours allowed for the actual output × Predetermined overhead rate
= 38,000 × $8.25
= $313,500
Answer: Exporting
Explanation: Export refers the process in which good produced in one country is purchased by some another country.
In the given case, Jerzey is using the method of counter trade for the purpose of exporting. In counter trade, the two firms exchange their product on the basis of their particular needs.
Thus, from the above we can conclude that the right answer is option D.
Answer:
work with dealers to design an online sales portal that benefits both partners.
Explanation:
e-commerce is a short for electronic commerce and it can be defined as a marketing strategy that deals with meeting the needs of consumers, by selling products or services to the consumers over the internet.
This ultimately implies that, e-commerce is strictly based on the buying and selling of goods or services electronically, over the internet or through a digital platform. Also, the payment for such goods or services are typically done over the internet such as online payment services.
Simply stated, e-commerce is the act of engaging in internet selling.
In order to avoid channel conflict resulting from Internet selling, a company should work with dealers to design an online sales portal that benefits both partners i.e the online portal would focus on bridging the gap between the producer (company) and the consumers, as well as balancing the demand and supply of goods and services.
