Answer:
Cost-volume-profit analysis.
Explanation:
An important tool in predicting the volume of activity, the costs to be incurred, the sales to be made, and the profit to be earned is cost-volume-profit analysis. It is an important tool in accounting that is used to determine how changes in differing levels of activities such as costs and volume affect a company's operating financial statements, both income and net income. It is also an accounting concept known as the break even analysis.
In order to use this cost-volume-profit analysis, accountants usually make some assumptions and these are;
1. Sales price per unit product is kept constant.
2. Variable costs per unit product are kept constant.
3. Total fixed costs of production are kept constant.
4. All the units produced are sold.
5. The costs accrued are as a result of change in business activities.
6. A company selling more than a product should simply sell in the same mix.
Answer:
The correct answer is (b)
Explanation:
Sale promotion is an effective way to improve short-term sales and at the same time attract new potential buyers. Ice scrapers sale promotion strategy will help them to increase their sales revenue. As they are offering buy two get one free sale on black Friday the overall prices will decrease that will increase the demand.
Answer:
If I was banking with my local town bank and it happens that Bank of Africa purchases it, there are cost and benefits associated with the merge. First, Bank of America is global, meaning that I will be able to access the Services such as ATM services at different points. Second, due to its area of coverage, the services are cheaper compared to the ones I got when it was in my local town. However, due to the monopoly of the bank, they might increase the charges making them more expensive than when the services in the local village. Additionally, it will be a challenge for average customers, such as farmers, to access big banks unless faithful people accompany them.
Explanation:
Answer:
Job enlargement.
Explanation:
Job enlargement refers to the process of adding challenges or new responsibilities to an employee’s current job.
Answer: 33.3%
Explanation: The predetermined overhead rate allocates the manufacturing overhead to products. This is based on an estimate, as it is done at the beginning of the financial year. It uses an allocation base, which is usually a cost driver. A cost driver is a type of activity that causes a change in the cost of said activity. Examples of cost drivers usually used are: direct labour hours or machine hours.
The formula for calculating the predetermined overhead rate is:
Total estimated overhead costs ÷ total estimated overhead allocation base (estimated direct labour costs is used)
300 000 ÷ 900 000 = 0.33333 × 100 = 33.3%
