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4 years ago

According to Garvin's ________ definition of quality, quality is found in the components and attributes of a product.

Business

1 answer:

Vladimir [108]4 years ago

6 0

Answer:

product based

Explanation:

Garvin defined five measures or perspectives of quality:

transcendental perspective: quality that can be perceived but not clearly defined.
user perspective: concrete definition of quality, the product complies with the users' needs yes or no.
manufacturing perspective: quality is measured as conformance to requirements, e.g. ISO standards.
product perspective: quality is measured by the characteristics of the product.
value based perspective: different aspects of quality can be valued differently depending on the stakeholder.

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MC Qu. 97 The standard materials cost to produce... The standard materials cost to produce 1 unit of Product R is 7 pounds of ma

OleMash [197]

Answer:

total direct materials cost variance is $6,000 Favourable

Explanation:

first we get here Standard cost to manufacture

Standard cost to manufacture 6,000 units is = 7 × $47 × 6,000

Standard cost = $1,974,000

and

now we get here Actual cost to manufacturing

Actual cost to manufacturing 6,000 units is = 41,000 × $48

Actual cost = $1,968,000

and

now we get here Direct material cost variance that is express as

Direct material cost variance = Standard cost - Actual cost ..........1

put here value

Direct material cost variance = $1,974,000 - $1,968,000

Direct material cost variance = $6,000 Favourable

4 0

3 years ago

Exercise 2-10 Applying Overhead Cost to a Job [LO2-2] Sigma Corporation applies overhead cost to jobs on the basis of direct lab

OlgaM077 [116]

Answer:

See explanations below.

Explanation:

1. Yes. Overhead should be applied to job W at year-end. Overhead is applied to every jobs whether or not they are completed at year end.

b. To calculate the amount of overhead to be applied to job W, we need to calculate first the overhead application rate based on direct labor cost through job V.

Direct labor cost. $8,000

Overhead applied $6,000

Overhead rate = [ Overhead applied / Direct labor cost ] × 100

= [6,000/8,000] × 100

= 75%

Overhead to be applied to job W

Direct labor cost $4,000

Overhead rate 75%

Overhead to be applied = $3,000

It therefore means that $3,000 should be applied to job W.

2. Because job W was not completed at the year end, it would then be included in the work in process inventory in the financial statements of Sigma Corporation at year end.

6 0

3 years ago

Identify five typical users of accounting information

RUDIKE [14]

Answer:

Owners,and stockholders, directors,officers, internal departments

Explanation:

4 0

3 years ago

Calgary Industries is preparing a budgeted income statement for 2015 and has accumulated the following information. Predicted sa

lesya [120]

Answer:

$192,500

Explanation:

budgeted net income statement

Net sales $750,000

COGS ($300,000)

Gross profit $450,000

Selling expenses ($83,000)

Adm. expenses ($92,000)

EBIT $275,000

Income taxes ($82,500)

Net income $192,500

8 0

3 years ago

Which of the following characteristics apply to taxable fringe benefits? (Check all that apply.)

EleoNora [17]

Answer:

Employers treat the taxable fringe benefits the same as cash compensation.

Explanation:

Taxable fringe benefits "are included in gross income and subject to federal withholding, social security, and Medicare taxes".

Fringe benefits are "perks and additions to normal compensation that companies give their employees, such as life insurance, tuition assistance, or employee discounts".

* The cost of the taxable fringe benefit is deductible to the employer, not the value of the benefit to the employee.

FALSE, the taxable fringe benefit is not deductible from the employer.

* Employers treat the taxable fringe benefits the same as cash compensation.

TRUE, and as we can see on the definition above the taxable fringe benefits are treated as a compensation that comapnies giv their employees.

7 0

3 years ago