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Answer:
The correct answer are A and E.
Explanation:
Cost leadership is where the company intends to be the lowest cost producer in its industrial sector. The company has a broad picture and serves many segments of the industrial sector, and can still operate in related industrial sectors. The breadth of the company is often important for its cost advantage. The sources of cost advantages are varied and depend on the structure of the industrial sector. They can include the persecution of economies of scale of own technology, preferential access to raw materials.
A successful cost leadership strategy is disseminated throughout the company, as evidenced by high efficiency, low overhead, limited benefits, waste intolerance, thorough review of budget requests, extensive control elements, rewards linked to cost concentration and extensive employee participation in attempts to control costs.
Some risks of following cost leadership is that competitors could mimic the strategy, decreasing the profits of the industry in general; that technological advances in the industry could make the strategy ineffective or that the interest of the buyers could be diverted towards other characteristics of differentiation besides the price.
Answer:
b. $ 2,000 overapplied
Explanation:
Firstly, we need to determine the predetermined overhead rate based on direct labor costs.
Estimated total manufacturing Overhead $ 350,000
Estimated direct labour costs $ 200,000
Predetermined overhead rate $ 350,000 / $ 200,000 $ 1.75 per $ of direct labour costs.
The total manufacturing overhead <u>applied</u> on direct labor costs of $ 208,000, is:
$ 208,000 * $ 1.75 <u> </u>$ 364,000
Actual overhead costs incurred <u>$ 362,000</u>
Manufacturing overhead over applied <u> $ 2,000</u>
Answer:
D $22,000.
Explanation:
Mogul ships inventory
Cost of goods = $80,000+$8,000=$88,000
Cost of goods old = $60,000+$6,000=$66,000
Inventory =$88,000-$66,000
=$22,000
Therefore the amount of inventory will Mogul report at year end will be $22,000
Archiving is an important part of record keeping
