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8090 [49]
3 years ago
14

Products manufactures faux boulders to be used in various landscaping applications. A special resin is used to make the boulders

. The standard quantity of resin used for each boulder is 2 pounds. Mitchell Products uses a standard cost of $ 1.80 per pound for the resin. The company produced 11 comma 000 boulders in June. In that​ month, 21 comma 750 pounds of resin were purchased at a total cost of $ 43 comma 500. A total of 21 comma 500 pounds were used in producing the boulders in June.
Requirements
a. Calculate the direct material price variance.
b. Calculate the direct material quantity variance.
Business
1 answer:
WITCHER [35]3 years ago
5 0

Answer:

a. $4,300 Adverse

b. $900 favorable

Explanation:

a. Calculate the direct material price variance.

Actual cost of resin per pound = $43,500 / 21,750 = $2 per pound

Direct material price variance = (21,500 * $2) - (21,500 * $1.80) = $43,000 - $38,700 = $4,300 Adverse

b. Calculate the direct material quantity variance.

Total standard quantity = 2 * 11,000 = 22,000 pounds

Direct material quantity variance = $1.80 * (22,000 - 21,500) = $900 favorable

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The structures, processes, and systems that develop, leverage, and transfer knowledge are called resource management.
Diano4ka-milaya [45]

Answer:

The correct answer is (B) False. It is called Knowledge management.

Explanation:

Knowledge implies recognizing all the structures and divisions of the organization, in order to seek improvement over time. In this sense, in their normal course, companies have a series of their own dynamics that are produced thanks to the interaction of their departments, which are improved, used and transferred in a way that allows the proper functioning of the organization as a whole.

5 0
4 years ago
________ is the public relations function which involves reacting to negative events.
Ilia_Sergeevich [38]

The answer is damage control.

The public relations officer's job is not to enlighten the public about the employer, but to feed the public information that will positively impact the public in favor of the business. They   twists and manipulates the material to give a favorable impression. When a public relations officer shows the public a half glass, the is task is to persuade them that the glass is half-full, not half-empty. When the general public loves, respects, and trusts an individual or corporation, it is simpler for them to acquire what they desire.

One of the responsibilities of a public relations department is damage control, which is reducing the negative impact of an incident or set of events.

Therefore, the answer is damage control.

To know more about  public relation click here:

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7 0
2 years ago
Suppose you have been inducted as IT Consultant (Cyber Security) in a growing E-Commerce driven business. How will you ensure se
Luden [163]

Answer:

The question is one of Cyber Security.

To ensure security/privacy for online transaction while securing customer network, information and credentials, the first step is to ensure that:

1. The website itself is hosted with a very secure platform. This can be achieved by:

  • Picking the right hosting company.
  • Ensuring that your hosting company itself utilizes secure servers and networks.
  • Adding a two-factor authentication for the C-Panel and other access points to the hosted website
  • Ensuring that the website is secured using a Secure Sockets Layer (SSL) protocol. This certificate helps to ensure the authentication, encryption and decryption of data transmitted over the Internet.

2. Use Web Application Firewall (WAF)

This is a hardware or software system that allows authorized traffic and blocks unauthorized or potentially malicious access to a network.

3. Ensuring that the website is compliant with PCI DSS requirements

PCI DSS refers to Payment Card Industry Data Security Standard.

This technology helps to eliminate fraud and secure e-commerce websites.

4. Real-Time Bot Detection Technology

Bots are also used by malicious people to steal information and or vendor data. If the website is enhanced with a Bot Detection Technology, it will help reduce the effects of such.

5. As an e-commerce business, one must force users to use very strong passwords. This may be done a the point of registration. Passwords boxes besides having the regular encryption must be configured to accept only strong passwords.

Cheers!

3 0
4 years ago
BP had a group-wide corporate system to evaluate risk, introduced by Hayward. Why did this not predict the Deepwater Horizon Dis
Law Incorporation [45]

Answer: High Complexity of the Drilling operation

Explanation:

The Deepwater Horizon disaster was the largest oil spillage in the history of maritime oil disasters and happened in April 2010 in the Gulf of Mexico on a BP oil project.

Normally, Oil Companies have plans that are meant to evaluate the risk of such events such that they can be avoided and indeed BP did have one which was introduced by its CEO Tony Hayward but this failed to predict the Deep Water Horizon for the simple reason that the project was too complex for it.

With so many things involved in the project, the system was not adequately prepared to handle the risk of failure from such complex structures such as the Deepwater Horizon rig which meant that BP were simply not prepared for the spill when it happened and this led to allegations that BP was not a safety-conscious company.

The corporate system that was used to evaluate risk at BP was not able to predict the Deepwater Horizon disaster for the primary reason that the system was rendered useless in the face of high degree of complexity that BP’s oil drilling operations in Gulf of Mexico faced. Due to the high degree of risk all the participating parties lost hold of sight over the risk analysis process that was put in place by the company.

The complexity of the system led to the undermining and failure of the corporate system to evaluate risk. BP tried to shift the weight of the blame to Transocean Company, but in fact it was BP itself that failed to foresee this event.

6 0
3 years ago
What would happen if three more restaurants opened in a small town where only four restaurants were open for business originally
Tanya [424]

If three more restaurants opened in a small town where only four restaurants were open for business originally then The Restaurants  would form a cartel in the town.

<u>Explanation:</u>

In such a situation the restaurant would preferably form a cartel. A Cartel is an association of various firms. This association is formed to keep the prices at a higher level. When a cartel is formed it restricts competition.

Cartel is formed with the mutual understanding of all the firms. The existence of cartels negatively affects the consumers, as they have to pay higher prices and cannot afford to bargain as the price will be determined by all the concerns collectively. It might result in limited supply and more demand which will result in price to increase.

3 0
3 years ago
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