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Lubov Fominskaja [6]
3 years ago
10

Several months ago, a restaurant developed a new appetizer that is a hit with customers. Many customers go to the restaurant jus

t for the appetizer and it was at the center of a recent highly positive review by a food critic. Preparation involves common ingredients and average culinary skills levels, but requires a very high oven temperature which significantly increases utility costs. Several competing restaurants have since added their own version of the appetizer to their menu. Which criteria for assessing capabilities/core competencies is met?
The restaurant has the capability to develop something that is valuable. T/F
Business
1 answer:
grigory [225]3 years ago
4 0

Answer:

The correct answer is True.

Explanation:

To paddle with a single direction and in a single sense, we have defined a process with four phases: the first, identify, communicate and evaluate the skills we want and need in our company; the second, identify training needs to reinforce the desired skills; the third, design and implement individualized intervention plans; and the fourth, evaluate the results of these interventions.

All this, with impeccable communication from management and workers' management, explaining very well that the purpose of the process is to redirect efforts, work in a coherent way and reinforce the skills needed to face the current situation, acting with a shared ethics and making them partakers of the engine of change!

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Parkway Company incurred $126,000 in material costs during July. Additionally, the 12,000 units in the Work-in-Process Inventory
IRINA_888 [86]

Answer:

$ 13.167 / unit

Explanation:

Data provided:

Beginning material cost = $ 126,000

Number of units in work in progress = 12,000 units

Material cost assigned = $ 32,000

thus,

the total material cost involved = $ 126,000 + $ 32,000 = $ 158,000

Now,

the material cost per equivalent unit = Total material cost involved / number of units

on substituting the values, we have

the material cost per equivalent unit = $ 158,000 / 12,000

or

= $ 13.167 / unit

7 0
3 years ago
This shows how much profit is being made by each dollar of sales for the period being analyzed
dusya [7]
Net income ratio .........................
8 0
3 years ago
Kropf Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing ov
Ratling [72]

Answer:

a) The materials price variance 19026.33 unfav

b) Material Quantity Variance= $ 267 Unfav

c) Direct Labor Rate variance= $ 6127 Unfav

d) Direct labor Efficiency variance= 7710 Fav

e) Variable Overhead Rate Variance= 13099 fav

f) Variable Overhead Efficiency Variance= 3256.25  unfav

Explanation:

<em>First We find the missing figures such as standard quantity ,hours allowed , actual price, rate. Then we list the formulae to use. After that we put in the values of the amounts in the formulae to get the results. Unfavorable variances are those in which the actual quantities are greater than the standard quantities or input .</em>

Kropf Inc.

Given Standards

Direct materials 9.30 liters $ 8.90 per liter

<em>Standard Quantity allowed = 9.3 * 11500= 106950 Litres </em>

Direct labor 0.70 hours $ 25.70 per hour

Variable manufacturing overhead 0.70 hours $ 7.80 per hour

<em>Standard Hours Allowed </em>= $ 0.7 *11500= 8050

Actual Results Given

Actual output 11,500 units

Raw materials purchased 107,900 liters

Actual cost of raw materials purchased $ 979,500

<em>Actual Price</em><em>=</em> Cost/ Purchases=  $ 979,500/107,900 = $9.08

Raw materials used in production 106,980 liters

Actual direct labor-hours 7,750 hours

Actual direct labor cost $ 205,302

<em>Actual Rate</em><em>=</em>$ 205,302 / 7,750 = $ 26.49

Actual variable overhead cost $ 55,414

Actual Overhead Rate= $ 55,414/7,750 = $ 7.15

<u>Formulae to use </u>

1)The materials price variance = (Actual Price * Actual Quantity)- (Standard Price * Actual Quantity)

2) Material Quantity Variance= (Standard Price * Actual Quantity)-(Standard Price * Standard Quantity)

3) Direct Labor Rate variance= (actual hours* actual rate)- (actual hours * standard rate)

4) Direct labor Efficiency variance= (actual hours* standard rate)- (standard hours * standard rate)

5) Variable Overhead Rate Variance= Actual Variable Overhead- Standard Variable Overhead

6)Variable Overhead Efficiency Variance=( Actual Hours * Standard Variable Overhead Rate)-( Standard Hours * Standard Variable Overhead Rate)

<u>Working</u>

1)The materials price variance = (Actual Price * Actual Quantity)- (Standard Price * Actual Quantity)

The materials price variance = ( $9.08*106,980 )- ($ 8.90 *106,980)

The materials price variance = (971148.38)- (952122)=19026.33 unfav

2) Material Quantity Variance= (Standard Price * Actual Quantity)-(Standard Price * Standard Quantity)

Material Quantity Variance=($ 8.90 *106,980)-($ 8.90 *106,950)= $ 267 Unfav

3) Direct Labor Rate variance= (actual hours* actual rate)- (actual hours * standard rate)

Direct Labor Rate variance= ( 7,750*$ 26.49)- (7,750*$ 25.70)= $ 6127 Unfav

4) Direct labor Efficiency variance= (actual hours* standard rate)- (standard hours * standard rate)

Direct labor Efficiency variance=(7,750*$ 25.70)-(8050*$ 25.70)= 7710 Fav

5) Variable Overhead Rate Variance= Actual Variable Overhead- Standard Variable Overhead

Variable Overhead Rate Variance=$ 55,414-( Actual Hours * Standard Variable Overhead Rate)

Variable Overhead Rate Variance=$ 55,414-(7,750*0.70 * $ 7.80)

Variable Overhead Rate Variance=$ 55,414- 42315= 13099 fav

6)Variable Overhead Efficiency Variance=( Actual Hours * Standard Variable Overhead Rate)-( Standard Hours * Standard Variable Overhead Rate)

Variable Overhead Efficiency Variance= (7,750*0.70 * $ 7.80)- (7,750*0.70 * $ 7.15)=42315- 38788.15= 3256.25  unfav

8 0
3 years ago
Which of the following is NOT an assumption that economists make when developing a production possibilities frontier (PPF)?
marta [7]

Answer:

Option D

Explanation:

Because it is not one of the key assumption underlying ppf

4 0
3 years ago
A count of supplies indicated that $104 of supplies had been used.
tankabanditka [31]
It can be assumed that $104 worth of Supplies have been used?
7 0
3 years ago
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