Answer:
E) Savings customers time
Explanation:
The fact that sales representatives can verify if the product they want to sale is available before closing the deal is of great benefit to the customers. Customers will not have to go through the bad experience of being promised a product, and having it delivered because of lack of availability.
This will help increase customer loyalty and the firm's reputation in the market.
Answer:
The first closing entry transfers credit balances in revenue ( and gain ) accounts to the income summary accounts.
Dec 31 Fees Earned $56,000 Dr
Income Summary $56,000 Cr
We bring account credit balances to zero by debiting them. The entry closes revenue accounts and leaves them with zero balances. The accounts are now ready to record revenues when they occur in the next period.
Answer:
a. Unit Labor Standard × Actual Output.
Explanation:
The standard direct labor hours allowed is the number of hours held for per unit based on the actual number of units produced. It can be determined by multiplying the unit labor based on standard per hour with the actual output
In mathematically,
Standard direct labor hours allowed = Unit Labor Standard × Actual Output
Hence, all other options are wrong
Answer:
D
Explanation:
A B C
Contribution per unit 20 30 40
Machine hours per unit 2.5 3.25 4.5
Contribution per hour 8 9.23 8.89
Product B has the highest contribution per hour .
It is stated that the capacity is constrained by the number of hours the machine can run during a period . and all products produce will be sold. This has made the machine hour the determinant factor in the situation.
Therefore product B should be emphasized if the goal is to maximize contribution margin.
