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4 years ago

An example to explain the difference between trade‐offs and opportunity costs.

Business

1 answer:

Dmitry [639]4 years ago

6 0

Answer:

Trade off can be defined as when we select on options among two or more than two options, then selecting that option will prohibits the advantages

associated with other options which we have left. For example: when you go for earning 5 mile away from your home, then certainly, you have put effort and become tired as well but you will get the money after work, so you have done trade-off there.

Opportunity cost can be termed as the cost which you bear by not enjoying and taking the benefits associated with the best available option which you leave while in the selection process. For example: you spend time watching a fantastic movie but you can't read a good story book while staying cozy at home, eating a pizza, or you can't spend the same money on something else.

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Dawson Toys, Ltd., produces a toy called the Maze. The company has recently established a standard cost system to help control c

nikitadnepr [17]

Answer:

1.-3,120 Favorable variance.

2.$704Unfavorable variance

Explanation:

Material price variance:

Actual price is $0.28

Standard price 0.32

Actual quantity 78,000

Material price variance = (Actual price - Standard price) Actual quantity=

(0.28 - 0.32)*78,000

= (-0.04) 78,000= -3,120 Favorable variance.

2. Material quantity variance:

Actual quantity of material used (78,000 - 27,000) = 51,000

Standard quantity of material for the actual level of production (5,100 toys x 8 microns per toy) =48,800 toys

Standard price per unit of material = $0.32

Material quantity variance = (Actual quantity used - Standard quantity of material for actual level of production) Standard price

= (51,000 - 48,800)* $0.32

= (2,200) $0.32 = $704Unfavorable variance

5 0

4 years ago

Read 2 more answers

_____ is the degree to which a company relies on a provider because of the importance of the provider's product to the company a

ra1l [238]

Answer:

Supplier dependence

Explanation:

When an entity finds itself in a situation where it has to rely on a particular supplier or provider of service for its business operations, either as a result of not being able to get an alternative supplier or the importance of the suppliers product to the entity, such is called supplier dependence.

It is very risky for an entity to depend on a particular source for input. This reverse order of an entity depending on the supplier for business strategy instead of the supplier depending on the entity is not a good business practice.

It’s easy for our own strategy to be determined by what our suppliers are doing. If we become too dependent, we risk having our strategy set by our suppliers rather than having them support our strategy. I’ve been thinking a lot here recently about how much suppliers can direct you

3 0

3 years ago

Conscientious employees prioritize ______ striving, indicating a strong desire to achieve task-related goals as a means of expre

denpristay [2]

Conscientious employees prioritize <u>accomplishment</u> striving, indicating a strong desire to achieve task-related goals as a means of expressing their personality.

<h3>What is meant by Conscientious employees ?</h3>

This is the term that is sued to refer to the types of workers that are in an establishment who are willing to work like they are supposed to. These are the people that would do the right thing and are described to have a near perfect personality in the work place.

Hence we can say that Conscientious employees prioritize accomplishment striving, indicating a strong desire to achieve task-related goals as a means of expressing their personality.

Read more on conscientiousness here: brainly.com/question/11372064

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6 0

1 year ago

Jane and Smith are considering the purchase of a home in downtown Minneapolis. They approached Larson’s Mortgagers Inc. to arran

sammy [17]

The answer is prequalification. This is a process or arranging with a mortgage lender in means of buying a home. It is an initial step and an essential step of having to manage and organize the financial needs that you need in order to buy a home.

4 0

3 years ago

Conley Company has fixed costs of $23,415,000. The unit selling price, variable cost per unit, and contribution margin per unit

GenaCL600 [577]

Answer:

Yankee = 66,900 units

Zoro = 156,100 units

Explanation:

<em>Break Even Point = Fixed Costs / Contribution per unit</em>

= $23,415,000 / ((3×$175) + (7×$75))

= $23,415,000 / $1,050

= 22,300

Yankee = 22,300×3

= 66,900

Zoro = 22,300×7

= 156,100

4 0

3 years ago