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a_sh-v [17]
3 years ago
6

An analytical technique used by management to focus attention on the most significant variances and give less attention to the a

reas where performance is reasonably close to standard is known as: Multiple Choice Management by objectives. Management by variance. Controllable management. Management by exception. Performance management.
Business
1 answer:
vovikov84 [41]3 years ago
8 0

Answer:

Management by exception

Explanation:

This is a practice of examining the financial as well as operational results of a business and bringing to management only those differences that show a significant difference between the budgeted and actual amounts. This allows managers to focus on the highly important variances that can affect the growth and profitability of a company significantly. This concept, can however be fine-tuned where small variances are shown but to low-level managers whilst the senior managers will look at the large variances.

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The general pattern that consumption of the first few units of any good tends to bring a higher level of utility to a person tha
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Answer:

Law of Diminishing Marginal Utility

Explanation:

The Law Of Diminishing Marginal Utility states that all things being equal as consumption rises the marginal utility derived from additional unit of consumption falls.

7 0
2 years ago
Two athletes of equal ability are competing for a prize of $12,000. Each is deciding whether to take a dangerous performance-enh
jeka94

Answer:

The format is messed up

Explanation:

5 0
3 years ago
What is the reason why people want something that is scarce?
vfiekz [6]
"Human wants are unlimited" is the one among the following choices given in the question why <span>people want something that is scarce. The correct option among all the options that are given in the question is the second option or option "B". I hope that this is the answer that has come to your desired help.</span>
5 0
2 years ago
Mr. Smith decides to feed his pet Doberman pinscher a combination of two dog foods. Each can of brand A contains units of​ prote
m_a_m_a [10]

Answer:

hello your question is incomplete below is the complete question

Mr. Smith decides to feed his pet Doberman pinscher a combination of two dog foods. Each can of brand A contains 3 units of protein, 1 unit of carbohydrates, and 2 units of fat and costs 80 cents. Each can of brand B contains 1 unit of protein, 1 unit of carbohydrates, and 6 units of fat and costs 50 cents. Mr. Smith feels that each day his dog should have at least 6 units of protein, 4 units of carbohydrates, and 12 units of fat. How many cans of each dog food should he give to his dog each day to provide the minimum requirements at the least cost? *Mr. Smith should give his dog ___ can(s) of brand A and ___ can(s) of brand B

<em>answer</em> : 1.5 cans of brand A and 1.5 cans of brand B

Explanation:

<u>Food A contains </u>:

3 units of protein , 1 unit of carbohydrates, 2 units of fat

cost of food A = 80 cents

<u>Food B contains :</u>

1 unit of protein , 1 unit of carbohydrates, 6 units of fat

cost of food B = 50 cents

<u>minimum ingredients required in the dog food daily </u>

6 units of protein , 4 units of carbohydrates, 12 units of fat

<em />

<em>In order to achieve the minimum/least cost of 195 cent. Mr. smith should give his dog 1.5 cans of Brand A and 1.5 can of brand B</em>

attached below is the detailed solution

7 0
2 years ago
The following information is available for Shanika Company for 20Y6: Inventories January 1 December 31 Materials $457,760 $563,0
Len [333]

Answer:

<h2>Shanika Company </h2>

Statement of Cost of Goods Manufactured For the Year Ended December 31, 20Y6:

Materials:

Beginning Inventory              $457,760

Purchases                                 850,190

Cost of materials available $1,307,950

Less Ending Inventory            563,040

Cost of materials used                          $744,910

Beginning Work in process                    823,970

Direct Labor                                            867,080

Factory Overhead                                  298,430

Less Ending Work in process               (765,730)

Cost of goods manufactured          $1,968,660

Explanation:

1) Data and Calculations:

a) Shanika Company for 20Y6:

Inventories          January 1     December 31

Materials               $457,760      $563,040

Work in process     823,970         765,730

Finished goods       791,920         782,630

Advertising expense $382,300

Depreciation expense-office equipment 54,050

Depreciation expense-factory equipment 72,630

Direct labor 867,080

Heat, light, and power-factory 28,720

Indirect labor 101,350

Materials purchased 850,190

Office salaries expense 296,720

Property taxes-factory 23,650

Property taxes-headquarters building 48,980

Rent expense-factory 39,980

Sales 3,980,690

Sales salaries expense 488,720

Supplies-factory 19,710

Miscellaneous costs-factory 12,390

b) Factory Overhead:

Depreciation expense       $72,630

Heat, light, and power         28,720

Indirect labor                       101,350  

Property taxes-factory        23,650

Rent expense-factory         39,980

Supplies-factory                    19,710

Miscellaneous costs            12,390

Total Factory overhead $298,430

c) The cost of goods manufactured is made up of the costs of materials, direct labor, work in process, and manufacturing overhead.

4 0
3 years ago
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