Answer:
The correct answer is total revenue; total cost.
Explanation:
Cost reduction is one of the most addressed issues in companies. They do it all the time since it is a permanent process. This is because it always seeks to improve the profitability of the company and, consequently, productivity. In other words, try to "do more with less", which is to produce more with what you have or produce the same with lower expenses. In both cases the objective is to reduce costs.
A company can reduce costs for many reasons: for a drop in sales, for lack of liquidity, for not having access to credit, etc. And when this happens, the cost cut occurs in the areas of human resources with the dismissal of personnel, the restructuring of the purchase processes, changes of suppliers, among other measures.
It is important to know what the current production process is and, if possible, redesign it, seeking to eliminate unnecessary steps, that is, to shorten the production processes. A long production line implies a greater number of workers, more work in the process and more time in product development. It also increases the possibility of errors in the process.
To make the cost reduction in your company even more efficient, you need to know each process deeply to detect unnecessary steps and help you reduce processes and / or procedures that in the medium or long term translate into cost reduction.
C. price index
is the correct answer to the questions
Question 1 of 10
A. is a measure of change in the prices of goods from one period to
another
A. sanction
B. quota
оо O
C. price index
D. subsidy
SUBMIT
Answer: Balance of Trade
Explanation:
<em>Balance of trade</em> is the difference between the value of exports from a country and the value of imports into the country. When the value of exports is greater than imports, the balance of trade is positive and the country has a <em>trade surplus</em>. While, when the value of exports is less than the value of imports, the balance of trade is negative and the country has a <em>trade deficit</em>.
In this case, Wichasha's exports is higher than the total value of its imports so, it has a trade surplus or positive balance of trade.
Answer:
b. marginal cost curve above the average variable cost curve.
Explanation:
A perfect competitive indsutry is a characterised by many firms selling homogenous goods and services. Firms are price takers and there are no barriers to entry or exit of firms in the industry.
The supply curve of a perfectly competitive firm in the short run is the part of the marginal cost curve that lies above the average variable cost curve.
A perfect competition maximises profit where price equals marginal cost.
I hope my answer helps you
Answer:
Cost of goods manufactured= $87100
Explanation
Total manufacturing cost is the aggregate amount of cost incurred by a business to produce goods in a reporting period.
Generally accepted accounting principles require that the cost of goods sold shall consist of:
the cost of direct materials
the cost of direct labor
the cost of manufacturing overhead
Expenses that are outside of the manufacturing facilities, such as selling, general and administrative expenses, are not product costs. They are reported as expenses on the income statement in the accounting period in which they occur.
In this exercise:
<u>Cost of goods manufactured:</u>
Direct materials= $56,000
Direct Labor=$15,600
Factory overhead=Factory supervisor salary+ Depreciation expense+Indirect materials= 10,000 +3,700+1,800= $15,500
Total= $87100
Note: Salesperson commissions and Depreciation expense Delivery equipment are not included in factory overhead
