All categories

4 years ago

Which of the following is a source that businesses use to develop standards:

Business

1 answer:

ira [324]4 years ago

4 0

Answer:

Suppliers

Explanation:

Suppliers are the main factor to achieve quality standards and to develop standards which lead to competitive advantage in the market. Business use suppliers to develop standards by hiring the best suppliers who give quality input or raw material. It’s all about making sure that your supplier is meeting the required standards and making sure they company with all the relevant laws.

You might be interested in

2. Use the Exact interest method, what is the amount of interest on a loan of

spayn [35]

Poopy idekkkkkkkkkk

7 0

3 years ago

Mansfield, Inc., has two production departments, Assembly and Packaging. The company uses a job-order costing system and compute

Kisachek [45]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

The predetermined overhead rate in the Assembly Department is based on machine hours (MHs) and it is based on direct labor-hours (DLHs) in the Packaging Department.

Assembly Packaging

Direct labor-hours 5,200 62,000

Machine-hours 68, 400 11,900

Total fixed manufacturing overhead cost $390,000 $419,000

Variable manufacturing overhead per DLH $ 3.75

Variable manufacturing overhead per MH $ 3.00

Assembly:

Overhead= fixed overhead + variable overhead

Overhead= 390,000 + 68,400*3= $595,200

Packaging:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= (419,000/62,000) + 3.75= $10.51

8 0

4 years ago

Which of the following statements is true?

Luden [163]

Answer:

The correct answer is option c.

Explanation:

The variable costs are the cost incurred on the variable factors of production. The fixed costs are the costs incurred on the fixed factors.

In the short run, there are certain factors that are fixed and others that are variable. So in the short run, some costs are fixed and others are variable.

But in the long run, there is enough time for all the factors to be changed. So all the factors are variable and cost incurred on these variables is also variable.

So we can say that in the long run, there are no fixed costs.

6 0

3 years ago

Mackie Services operates a website that links experienced statisticians with businesses that need data analyzed. Statisticians p

jasenka [17]

Answer:

d. Revenue of $375

Explanation:

The amount paid by the Vetmed associates is an expense for associates

The amount received by statisticians is a revenue for them

Mackie Services an intermediate between the two and so, the percentage amount received by Mackie Services is a revenue

Mackie's income statement would include a revenue of:

= Amount paid to statisticians * % Received

= $1,500 * 25%

= $375

6 0

3 years ago

Swifty Corporation is planning to sell 200000 hammers for $8 per unit. The contribution margin ratio is 20%. If Swifty will brea

jeyben [28]

Answer:

$320,000

Explanation:

Given that,

Planning to sell hammers = 200,000

Selling price per unit = $8

contribution margin ratio = 20%

At break even, Fixed costs = Contribution margin

Therefore,

Contribution margin ratio:

= (Planning to sell hammers × Selling price per unit) × contribution margin ratio

= (200,000 × $8) × 20%

= $320,000

Thus,

Fixed costs = $320,000

4 0

4 years ago