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4 years ago

Standard cost systems can enhance operational control through the use of

Business

1 answer:

melamori03 [73]4 years ago

4 0

Answer:

a. efficiency variances which indicate the need for corrective action.

Explanation:

Operational control basically relates to the operations of the business, price variance describes the rate at which material is acquired, it has no direct relation with operational control as relates to purchase of equipment.

Further, when talking about the efficiency variance it relates to production hours used in relation to standard hours, which help in maintaining operational control.

Therefore, correct option is:

a. efficiency variances which indicate the need for corrective action.

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Discuss how your own psychographics influences your personal purchasing decisions.

netineya [11]

Answer:

1)?

2)America is referred to as the melting pot because there are many different kinds of cultures represented here and that makes for a very diverse market. This means that sports marketers must be very diverse and able to reach consumers of all demographics.

3)The sports and entertainment industry is popular due to how much everyone wants to watch and listen to the most talented people in the world. Many people aspire to be rich and famous in the future so they follow the steps of the best stars.

4)?

5)?

Explanation: Sorry I could only get a couple in the short amount of time! <3

3 0

4 years ago

Ivan's, Inc., paid $484 in dividends and $587 in interest this past year. Common stock increased by $197 and retained earnings d

Olenka [21]

Answer:

The net income for the year is $ 361.

Explanation:

This question requires us to calculate net income for the year. The entries that hit retain earning account is given in the problem. It is mentioned in the question that retain earning decreases by 123 dollars. We know that addition in retain is earning is due to net income and decrease in retain earning is due net loss or dividend payment. So

net income = $ 484 -$ 123 = $ 361

7 0

4 years ago

Which of the following is a drawback of Porter’s five forces model? Multiple Choice Managers cannot determine the changing speed

NISA [10]

Answer: Managers cannot determine the changing speed of an industry or the rate of innovation.

Explanation:

A drawback of Porter’s five forces model is that managers cannot determine the changing speed of an industry or the rate of innovation.

With Porter's five-forces-plus-complements model, it is difficult for an economic entity to determine the rate if innovation in an organization or the changing speed of the industry and this means that the managers have to repeat their analysis constantly so as to have a picture of their industry that is more accurate.

8 0

3 years ago

LO 2.2Fixed costs are expenses that ________.

Vaselesa [24]

Answer:

Business expenditures that are not proportionate to the number of services or goods provided by the company are fixed costs. These are sometimes linked to as manufacturing costs, like interest or rentals charged every month.

Fixed costs are often not patched on a continuous basis; they will evolve over time, and are fixed in regards to the amount of manufacturing for the corresponding time period by contractual agreement.

For instance, a business might have unavoidable and unforeseen manufacturing-related expenses, such as storage prices and so forth, just fixed over most of the lease term.

6 0

4 years ago

Fuqua Company’s sales budget projects unit sales of part 198Z of 10,800 units in January, 12,700 units in February, and 13,200 u

just olya [345]

Answer:

Production Budget for January:

Required Production Units:

= Expected Unit Sales + Desired Ending Finished Goods Inventory - Beginning Finished Goods Inventory

= 10,800 + (12,700 × 20%) - (10,800 * 20%)

= 10,800 + 2,540 - 2,160

= 11,180

Production Budget for February:

Required Production Units:

= Expected Unit Sales + Desired Ending Finished Goods Inventory - Beginning Finished Goods Inventory

= 12,700 + (13,200 × 20%) - (12,700 × 20%)

= 12,700 + 2,640 - 2,540

= 12,800

(b) Direct material budget for Jan 2017:

Total Cost of Direct Materials Purchases:

= [Total Pounds needed for Production + Desired Pounds in Ending Direct Materials Inventory - Beginning Direct Materials (Pounds)] × Cost per Pound

= {(11,180 * 3) + [(12,800 * 3) * 40%] - [(11,180 * 3) * 40%]} × 4

= [33,540 + 15,360 - 13,416] × 4

= 35,484 × 4

= $141,936

7 0

3 years ago