Scott is a manager at a large electronics company. His primary role within the organization is to plan for the "people needs" of
the business, and then attract, develop and retain an effective workforce. Scott is involved in _____ management. production human resource (HR) marketing and sales strategic
Human resources management consist of the employees that are responsible for the recruitment, screening, conducting interviews and placing workers in an organization.
Human resources also handle employee relations, benefits, payroll, and training. It is the role of the human resources department to plan, coordinate and direct the administrative functions of a company. With the example mentioned in the question, Scott is involved in human resource management.
a. Absorption costing only -- 8. Includes gross profit on the income statement
2. Required by generally accepted accounting principles.
b. Variable costing only -- 6. Generally provides the most useful report for setting long-term prices.
3. Treats fixed manufacturing cost as a period cost.
5. Generally provides the most useful report for controlling costs.
4. Operating income is impacted by changes in inventory level.
c. Both absorption and variable costing -- 7.May be used in a manufacturing company
1.Treats fixed selling cost as a period cost.
Explanation:
The absorption costing includes that all the manufacturing costs which are given to the units produced and the cost of a finished product will be the cost of the direct material and labor.
Variable cost is a method that assigned the variables costs to the inventories and means that overall cost changes to expenses in a time of occurrence.
Both of these costs are related to the method of the production and costs that are incurred in the production and in which method the company uses to make.
<span>This is an example of a cost of international trade. This can make it so that some domestic businesses lose their market share to foreign companies. This can create less profits for the company and made it so that it is difficult to create jobs.</span>
