Answer: Customer satisfaction
Explanation:
The customer satisfaction is the term that is used in the marketing for specifically measuring the expectation and also the satisfaction of the consumer by using the products and the services in the market.
The customer satisfaction is one of the important term that is used in the marketing as it helps in improve the business and increase the positive image of the products and the services.
According to the given question, Frank is basically focuses on the customer satisfaction characteristics in terms of total quality of the management.
Therefore, Customer satisfaction is the correct answer.
Answer:
Direct Material Quantity Variance = $2,000 Unfavorable
Explanation:
For the provided information we have,
Actual quantity used = 6,500 lbs
Standard quantity allowed for actual production = 6,000 lbs
Actual price = $3.80
Standard price = $4.00
Direct Material Quantity Variance = (Standard Quantity - Actual Quantity)
Standard Price
= (6,000 lbs - 6,500 lbs)
$4.00
= - $2,000
As we can see that actual quantity used is more than the allowed standard quantity, thus, the variance is unfavorable.
Direct Material Quantity Variance = $2,000 Unfavorable
Answer:
1.$62,748
2. $31,752
Explanation:
The computation of End of fiscal year and current fiscal year is given below:-
End of fiscal year = Borrowed amount × Interest rate × one month ÷ Total number of months
= $630,000 × 12% × 1 ÷ 12
= $630,000 × 12% × 0.083
= $62,748
Current fiscal year = Paid back amount × Interest rate × Four month ÷ Total number of months
= $630,000 × 12% × 5 ÷ 12
= $630,000 × 12% × 0.42
= $31,752
So, we applied the above formula.
Answer:
B) overhead cost/cost of goods sold
Explanation:
Overhead costs: all expenses not directly attributed to the production of a good or service (e.g. insurance, legal fees, administrative expenses, etc.)
Costs of goods sold: all costs directly attributed to the production of a good or service (e.g. direct labor, direct materials)