False, Planning involves developing goals and preparing various budgets to achieve those goals not controlling
Controlling involves determining if goals have been followed and taking corrective measures
Control is a management feature that helps you check for errors in order to take corrective action. This is done to minimize deviations from standards and ensure that the organization's set goals are achieved in the desired way.
The corporate governance management process is when managers define, measure, improve and manage cost management of their business operations. Control processes allow enterprises to manage changes in their supply chain, customer demand, and other variables that affect their lives.
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Answer:
Remain same
Explanation:
In this situation, China makes tablets and smartphones only. The equipment used to manufacture these two products is nearly the same, the same collection of tools is equally useful in manufacturing both smartphones and tablets. So there is the constant opportunity cost of both commodities.
Resources are similarly appropriate for the manufacturing of two varied goods at a constant opportunity cost.
Therefore, the opportunity costs for additional smartphone remains the same.
Answer:
1.125
Explanation:
The computation of the value of the bullwhip measure is shown below
As we know that
The Variance of demand = Square of the standard deviation of demand
i.e.
= square of 20
= 400
And, the Variance of orders = 450
Now the
Bullwhip measure is
= The variance of orders ÷ the variance of demand
= 450 ÷ 400
= 1.125
Answer:
Net operating income= 341,000
Explanation:
We need to use the following structure:
Gross profit= sales - cost of goods sold
Net operating income= Gross profit - other expenses (variable and fixed)
<u>Under the absorption costing method, the cost of goods sold incorporates the fixed overhead.</u>
Sales= 980,000
COGS= (116,000 + 266,000)= (382,000)
Gross profit= 598,000
Fixed selling and administrative costs= (116,000)
Variable selling and administrative costs= (141,000)
Net operating income= 341,000
Answer:
19.) b, d
20.) d, a
21.) d, c
22.) a
23.) c
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