The manager of the cost center does not have control over revenue or the use of investment funds.
<h3>What is a Manager?</h3>
A manager is referred as an individual in an organization who controls and coordinates functions and operations and notifies the use of resources in an appropriate manner after assigning them and helps in strategy development.
The manager of the cost center does not have control over revenue or the use of investment funds. Only managing costs within the budget is under the responsibility of a cost center manager.
In order to increase organizational efficiency and make revenue, internal management makes use of cost center data.
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Answer: 27%
Explanation:
The Average rate of return is calculated by;
= Estimated Average Annual income / Average Investment
Estimated Average annual income = Total income/ years income is accrued
= 402,300/5
= $80,460
Average Investment = (Initial cost + Residual value) / 2
= (524,500 + 71,500) / 2
= $298,000
Average rate of return = 80,460/298,000
= 0.27
= 27%
Answer:
b."just enough to meet the desires of the target market," anything else is waste.
Explanation: A Distribution Network is an interconnected Distribution centres or channels which are used for the transfer of materials from one point to another,a Distribution centre links up smaller retailers, wholesalers,customers etc
The intensity of a Distribution network or process should be made in such a way as to be enough to meet the desires and needs of the customers, there will not be any need to make more Distribution centres Available,as it will amount to waste of Resources.
Cottage Industry is a business or manufacturing activity carried on in a person's home.
Answer:
In the given case we need to tell the most correct option for the statements:
For Statement 1 = F Joint cost
Whenever two or more products are produced in the process by default without separation it is called joint cost.
For Statement 2 = B. Opportunity Cost
Opportunity Cost is not a cost and is the value of revenue forgone, for choosing the current opportunity.
For Statement 3 = C. Relevant Information
This refers to the future data as it is relevant for decision making, and will differ for each alternative.
For statement 4 = G. Sunk Cost
Sunk Cost is the cost which has already been incurred in the past and cannot be changed, or its impact will be same in no manner it can be avoided.
For Statement 5 = A. Target Full Product Costs
Under Target Full Product Cost the cost of a product from its very initial stage to the stage until its sold is calculated and called as target cost to be achieved.
