Answer:
b) False
Explanation:
Retailers can be defined as an agent of the distribution of goods and services from the wholesaler to the end users or consumers.
This ultimately implies that, the retailers often buy directly from the wholesaler and sells directly to the end users or consumers and as such, retailers are not saddled with the responsibility of buying these goods in larger quantities and storing in a warehouse as compared with a wholesaler who buys and stores in the warehouse.
Hence, warehouses are generally not one of the most expensive rental facilities for a retail business.
Answer:
False
Explanation:
Forgetting curve depicts how a person tends to forget about a particular information over time when there is no attempt to retain it.
Normally memory retention declines over time without repetition.
The lower the forgetting rate of customers associated with a brand the lower the number of repetition required to retain the information.
When rate of forgetting is high customers easily forget about the product. So there is need for higher repetition to keep the information fresh in their minds.
The answer would be: On-the-job training
On-the-job training refers to a type of training that is aimed to make a trainee experience his soon-to-be job heads on.
This type of training will make the trainee has a big picture about his/her role and adjust his/her attitude accordingly.
Answer:Please refer to the explanation section
Explanation:
The question is incomplete, amounts of production costs like Direct Material, direct labour and Variable/Fixed manufacturing overheard were not given, we will explain the absorption cost and variable cost in detail so that the student would be able to calculate absorption cost and variable cost balances easier.
Absorption costing Method
Total Manufacturing costs are allocated to Finished goods Product. Absorption Costing method assigns or allocates the total cost of Manufacturing or total production costs to units of Finished Goods produced. each unit of finished goods thus represents total costs of production per unit or Total Manufacturing/Production cost is the Balance of Finished Goods.
Total Manufacturing/Production cost = direct labor cost + direct material cost + variable and fixed Manufacturing overheads cost.
Finished Goods Balance = Total Manufacturing/Production cost
A unit of Finished Goods = Total Manufacturing costs/units produced
Variable costing method
Variable costing method fixed manufacturing costs are treated as an expense, Variable Manufacturing costs are the only allocated to inventory. The value or Balance of inventory consist of Variable Manufacturing cost like Direct labor, Direct Material and Variable Manufacturing costs. Finished Goods Balance equals total Variable Manufacturing cost
