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3 years ago

Marketing is not needed in a ______________ economy. Select one:

Business

1 answer:

aliina [53]3 years ago

6 0

Answer: c. Pure subsistence economy

Explanation:

Marketing is needed in an economy where there are at-least two parties who want to exchange goods or service for money or something else. However, in a pure subsistence economy the goods are produced for self subsistence and not for exchange in the market. It is an economy in which each family unit produces everything that it consumes. In such subsistence economies there is no need for marketing.

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Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hour

gavmur [86]

Answer:

<h3>Preble Company</h3>

a. The raw materials cost for the planning budget for March is:

= $1,260,000

b. The raw materials cost included in the company's flexible budget for March

= $1,530,000

c. The materials price variance for March is:

= $90,000

Explanation:

a) Data and Calculations:

Standard Cost Card Per Unit:

Direct materials: 5 pounds at $9 per pound $45

Direct labor: 3 hours at $14 per hour 42

Variable overhead: 3 hours at $8 per hour 24

Total standard cost per unit $111

Planning budget production and sales for March = 28,000 units

Actual production and sales for March = 34,000 units

Purchase of 180,000 pounds of raw materials / 5 = 36,000 units

Purchase cost = $8.50 per pound

Price variance = $0.50 per pound favorable ($9.00 - $8.50)

Total purchase cost = $1,530,000

Direct labor worked = 69,000

Standard labor hours = 34,000 * 3 = 102,000 hours

Direct labor volume variance = 33,000 hours (102,000 - 69,000)

Standard variable manufacturing overhead = $816,000 (34,000 * $24)

a. The raw materials cost for the planning budget for March is:

= $1,260,000 ($9 * 5 * 28,000)

b. The raw materials cost included in the company's flexible budget for March

= $1,530,000 ($9 * 5 * 34,000)

c. The materials price variance for March is:

= $90,000 ($9 - $8.50)180,000

4 0

3 years ago

Explain the following statement in your own words: "Increasing productivity and also quality will result in increased capacity,

WARRIOR [948]

Answer:

Increased productivity and quality leads to consumer trust relationship that results in increase in demand and increase in the production capacity to meet the demands.

Explanation:

First when a company increases its productivity with commensurate increase in the quality of the goods produced or manufactured. The direct effect is that the consumer base of the goods increase. In other words, consumers exhibit a level of confidence in the quality of the goods, they are attracted to patronize the company and since there is increased productivity, the company is able to meet the needs of its increasing consumers.

Furthermore, once the consumers are attracted and the company is able to meet demands, more consumers are also eager to join in purchasing the product, hence, the company is then required to increase its production capacity to meet the demands of its ever increasing customers.

The ability of a company to produce consistently quality goods and also meet the demands of its customers lead to a trust relationship between the customers and the manufacturer and such a relationship provides a solid platform for a continuous increase in consumer base that will warrant an increase in production capacity to accommodate more demands.

8 0

4 years ago

An economy has three sectors producing products:

gayaneshka [121]

Answer:

total number of products to be produced to satisfy external demands are:

product 1 : 157.8 units

product 2 : 153 units

product 3 : 174.4 units

Explanation:

What is question is essentially looking for is for you to add the total units of producing each product to the external demand to get the total production units that will not affect external demand. Let us start by outlining the products and requirements clearly.

for 1 unit for products

product unit required for 1 unit

products 1 2 3

product 1. 0.20 0.15 0.10

product 2. 0.14 0.05 0.12

product 3. 0.14 0.08

If the amounts shown above are for the production of 1 unit each of the products 1, 2 and 3, therefor, to calculate the individual units required in production of total demand units, we will multiply the amounts required for the production of 1 unit by the number of demand units. hence:

product unit required for external demand units

product units 1 2 3

100 units of product 1 0.20×100 0.15×100 0.10×100

120 units of product 2 0.14×120 0.05×120 0.12×120

150 units of product 3 0.14×150 0.08×150

after the multiplication the unit required in the production are:

product unit required for external demand units

product units product 1 product 2 product 3

100 units of product 1 20 15 10

120 units of product 2 16.8 6 14.4

150 units of product 3 21 12

Next, let us add the individual units required for the production of external demand units:

product 1 : 20+16.8+21 = 57.8

Product 2 : 15+6+12 = 33

product 3 : 10 + 14.4 = 24.4

Finally Let us add the total units required in production to the total external demand units to get the total units to be produced that will not affect external demand:

product 1 : 100 + 57.8 = 157.8 units

product 2 : 120 + 33 = 153 units

product 3 : 150 + 24.4 = 174.4 units

When these extra units above demand units are produced, they will make up for the amount of units consumed during production.

8 0

3 years ago

You are a provider of portfolio insurance and are establishing a four-year program. The portfolio you manage is currently worth

lions [1.4K]

Answer:

sorry but I don't know sorry

8 0

3 years ago

In 2012, Carow sold 3,000 units at $500 each. Variable expenses were $250 per unit, and fixed expenses were $250,000. The same s

Oksana_A [137]

Answer:

A) 1,000 units

Explanation:

We first calculate the revised Fixed and Variable costs for 2013

In 2013,

Fixed costs = 250,000 * 1.20 = $300,000 as a result of 20% increase

Variable costs = 250 * 0.8 = $200 per unit as a result of 20% reduction

This gives us a contribution per unit of,

Contribution = Selling price - Variable costs = 500 - 200 = $300 per unit.

Revised break even point then,

Break even = Fixed Costs / Contribution per unit

Break even = 300,000 / 300 = 1000 units

Hope that helps.

8 0

3 years ago