1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Papessa [141]
3 years ago
12

Using ABC in a service company

Business
1 answer:
Ilia_Sergeevich [38]3 years ago
6 0

Answer:

Blanchette Plant Service

ABC Costing Technique:

1. Total cost of the Kerry job:

Plants =            $750

Direct labor =  1,300

Total cost = $2,050

2. Determination of operating income or loss (Kerry's job):

Service Revenue =   $3,540

less cost of service    2,050

Operating income = $1,490

3. With desired operating income of 30% of cost:

Operating income = $615 ($2,050 x 30%)

The company can charge the Kerry job $2,665 ($2,050 + 615) or ($2,050 x 1.3)

Explanation:

Operating income or loss is the difference between revenue and costs of providing the services or goods.  When the revenue exceeds the operating cost, the difference is an operating income.  When the revenue is exceeded by the operating cost, the difference is an operating loss.  While the former means that the organization has added value to its resources, the latter implies that the organization has lost some value to its resources, thereby reducing the equity of the owners in the business entity.

You might be interested in
Which two actions should you take during an informational interview? Tell the interviewer that you would be willing to take any
storchak [24]
Speak with confidence
encourage the interviewer to do most of the talking- after all he is the interviewer, you don't want to dominate the interview
8 0
3 years ago
Read 2 more answers
A software company conducted a study about stress in the workplace for it administrators. which questions result in data that is
Luba_88 [7]

The questions which would result in data that is categorical are:

  1. Is your job as an IT administrator stressful?
  2. What is your biggest source of stress?
  3. How has your job impacted your personal life?
  4. Have you ever considered switching careers because of on-the-job stress?

<h3>What is a numerical data?</h3>

A numerical data is also referred to as a quantitative data and it can be defined as a data set that is primarily expressed in numbers only. This ultimately implies that, a numerical data refers to a data set consisting of numbers rather than words.

<h3>What is a categorical data?</h3>

A categorical data can be defined as a type of statistical data that is used to group information that are having the same attributes or characteristics.

In Science, some examples of a categorical data include the following:

  • Age
  • Gender
  • Race
  • Religion
  • Class

In conclusion we can infer and logically deduce that the questions above would result in data that is categorical.

Read more on categorical data here: brainly.com/question/20038845

#SPJ1

7 0
2 years ago
In all cases, positive economics deals with
AURORKA [14]
The field of economics is so vast and broad that it is often classified into branches and one of which are the positive and normative economics. Positive economics usually refers to the process and methods of explaining a certain economic phenomenon in which it establishes common relationships among variables present.
6 0
3 years ago
FitForLife Gym, a large U.S. based fitness center, receives royalty payments from WeWelness, a small Canadian company, for using
Andre45 [30]

Answer:

<em>Licensing </em>

Explanation:

Licensing <em>is a business agreement whereby one company gives authorization to another company to produce its product for a defined fee.</em>

Licensing allows you to immediately tap current manufacturing, marketing and distribution systems which may have been built by other companies for decades.

8 0
3 years ago
A local club is selling Christmas trees and deciding how many to stock for the month of December. If demand is normally distribu
Nastasia [14]

Answer:

0.6

Explanation:

Data provided :

Mean = 100

Standard deviation = 20

Salvage value of the tree = $ 0

Actual cost of the tree = $ 20

Selling cost of the trees = $ 50

Now, the cost of shortage = Selling cost - actual cost = $ 50 - $ 20 = $ 30

and the outrage cost = actual cost = $ 20

Now,

the service level is calculated as:

service level = \frac{\textup{cost of shortage}}{\textup{cost of outrage + cost of shortage}}

on substituting the value, we get

service level = \frac{\$\ 30}{\$\ 20\ +\ \$\ 30}

or

Service level = 0.6

6 0
3 years ago
Other questions:
  • Positively Rivet Inc. is a small machine shop that produces sheet metal products. It had one line dedicated to the manufacture o
    8·1 answer
  • If Carly shows the interviewer that she is familiar with European Union regulations and knowledgeable about how people in German
    14·1 answer
  • Which one of the following statements is correct? A. A $20 dollar bill is a gold certificate. B. A $20 dollar bill is a Treasury
    6·1 answer
  • Which is the correct way to write $450.05 in words on a check?
    14·2 answers
  • Solve the problem below using the intuitive least cost method and answer the following: Cranbury Plainfield Saddle Brook Supply
    5·1 answer
  • Which of the following positions would be considered a human resource specialist?
    11·1 answer
  • Roca, Inc., manufactures and sells two products: Product M6 and Product X7. The company has an activity-based costing system wit
    5·1 answer
  • Which of the following statements are true if the efficient market hypothesis holds? It implies that future events can be foreca
    11·1 answer
  • To persuade your boss to hire additional customer support​ staff, you might point to industry surveys that show how crucial cust
    14·1 answer
  • When a boy or girl breaks your heart break their's
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!