Answer:
Labour rate variance $2,925 unfavorable
Explanation:
<em>The labour rate variance is the difference between the standard labour cost allowed for the actual hours worked and the actual labor cost for the same hours</em>
$
Standard labour cost ($19.70× 6500) 128,050
Actual labour cost <u>130,975</u>
Labour rate variance <u> 2,925 unfavorable</u>
Answer:
A. Contingency planning
Explanation:
Contingency planning refers to the an approach in forecasting unexpected events by developing an action plan to appropriately respond to such threats. In this scenario, despite that the company expects favourable sales in the future, it is planning to face an unexpected drop in sales.
Answer:
Operating Activities
Received cash payments from customers.
Purchased inventories with cash.
Paid cash interest on outstanding notes.
Paid accounts payable with cash.
Investing Activities
Sold stock investments for cash.
Received cash from sale of equipment.
Received cash dividends from investments.
Financing Activities
Received cash from short-term debt issuance.
Paid cash dividends.
Received cash from long-term debt issuance.
Explanation:
Operating Activities consist of trading activities of the business.
Investing Activities consists of acquisition and sale of investments
Financing Activities costs of sourcing and repayments of sources of finance
Answer:
A. They avoided asking their customer service reps in call centres to follow a detailed script.
Explanation:
Formalisation refers to the manner in which the company follows extra depth of procedures and takes extra unnecessary care of the customers, or even in the internal procedures of organisation also.
For the customers perspective, we have:
As asking their customers for service reps again and again will make the entire process formalised, and leaving it on the discretion of customers that when they want to avail the service makes it less formal and comfortable for customers.
Thus, avoiding the detailed script with some unnecessary details every time and following up again and again the function becomes less formal and comfortable.
Final Answer:
Option A