Marketing costs are high in the introductory stage of the product life cycle because
(b) HIGH DEALER MARGINS ARE OFTEN NEEDED TO MAINTAIN ADEQUATE DISTRIBUTION.
Product life cycle consists of 4 stages:
1. Introductory stage
2. Growth stage
3. Maturity stage
4. Decline stage
Introductory stage is a stage when the product is actually introduced in the market. It is a costlier stage than other stages. and the additional costs such as branding, promotional costs are included in this stage.
Human Resource Management deals with issues related to compensation, performance management, organisation development, safety, wellness, benefits, employee motivation, training and others. HRM plays a strategic role in managing people and the workplace culture and environment.
Answer:
The correct answer is letter "A": is a systematic way to link an indirect cost or group of indirect costs to cost objects.
Explanation:
Cost allocation is the method of assigning costs to cost objects. Cost objects are items or activities that are preferable to have their own costs allocated such as a product or a department within a firm. Cost allocation is a measure of profitability at the moment of evaluating a subsidiary. It is mainly used for financial reporting purposes.
Answer: budgeting
planning
cost control
employee compensation
Explanation:
The areas that accountants and auditors are involved in in an organization include the budgeting, planning, cost control and employee compensation.
We should note that the accountant and the auditors are involved in the financial aspect of the company, hence, the reason for the options chosen.
Hiring and training is the function of the human resource department.
Answer:
$109,000
Explanation:
The accounting equation for the cost of goods sold
COGS = opening finished good + purchases - Closing finished goods
In a manufacturing firm, purchases are also referred to as manufacturing costs.
For Leslie manufacturing:
beginning finished inventory =$40,000
costs of goods manufactured = $ 144,000
Ending finished inventory = $ 45,000
cost of manufacturing for the period:
=$40,000 +$114,000- $45,000
=$109,000