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UNO [17]
4 years ago
12

LO 6.3What are the primary differences between traditional and activity-based costing?

Business
1 answer:
gtnhenbr [62]4 years ago
7 0

Answer:

Difference between traditional costing method and activity based costing method is mentioned as follows:-

  • Traditional costing method is the technique in which products are implemented with indirect cost according to overhead rate whereas activity based costing relatively assign cost to product according to their activity in  consumption.
  • Traditional costing has easy implementation at low cost but activity based costing is costly and complex.
  • Accuracy of traditional costing is low as compared with activity based costing

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Steve manages product design and development at a toy company. The junior managers who report to him tell him that new complemen
natima [27]

Answer:

This question is incomplete, the options are missing. The options are the following:

a) He should consult lawyers about the possibility of suing for copyright infringement.

b) If the industry barriers to entry are low, he doesn't need to do anything.

c) He needs to find out if his company as well as other companies can provide the complements.

d) If the industry barriers to entry are high, he doesn't need to do anything.

And the correct answer is the option C

Explanation:

To begin with, the fact that Steve is the manager in charge of the product design and development at a toy company indicates that he has to be very open minded when new complementors arrive to the market so that he and his team could use their imagination to have an storm idea and try to implement them as good as they can so a perfect new toy will be produced in his company. Therefore that at first sight he should look up the fact that if they could use and provide those complements so that a plan to do that will start taking form in the team, otherwise if they could not provide those complementors then the joy for those arrivals will be for nothing.

7 0
3 years ago
Managers in international businesses will need to evaluate the attractiveness of a country as a market or location for a facilit
Inga [223]

Answer:

The statement is: True.

Explanation:

Before starting businesses in a foreign country, managers must analyze if the target region fulfills the minimal conditions to conduct operations and, more important if the returns are good enough to cover the expenses of the investment. For such a purpose, social indicators such as average consumer income, education, or occupational class should be reviewed by executives. Countries with higher ratings should be the priority to start international businesses there.

4 0
3 years ago
What are the largest asset and the largest liability of a typical​ bank?
nexus9112 [7]
Trust, Honesty are the largest assets
5 0
3 years ago
A company makes a $5 profit on each non-faulty product it sells. Approximately 2% of the products manufactured are faulty, with
Harlamova29_29 [7]

Based  on the information given the profit per item is $2.90.

First step is to calculate the company profit

Profit=(100%-2%)×$5

Profit=98%×$5

Profit=$4.9

Second step is to calculate the profit per item

Profit per item=$4.9-($100×2%)

Profit per item=$4.9-$2

Profit per item=$2.90

Inconclusion  the profit per item is $2.90.

Learn more here:brainly.com/question/1656767

5 0
3 years ago
Suppose an economy has 10,000 people who are not working but looking and available for work and 90,000 people who are working. W
Daniel [21]
<h3>In the given scenario unemployment rate is 10% </h3>

Explanation:

In the given problem,

Number of People who are working is 90,000

Number of People who are not working but looking and available is 10,000

Unemployment rate = Percentage of the total labor force that is unemployed but actively looking for employment and ready to  work.  

Unemployment rate = ((Unemployed people * 100) / (Total people in an economy (Working + Available for work)))

Unemployment rate = ((10000 * 100) / (90000+10000))

Unemployment rate = (1000000 / 100000)

Hence, Unemployment rate = 10%

5 0
4 years ago
Read 2 more answers
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