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abruzzese [7]
3 years ago
12

The difference between a budget and a standard is that standards are excluded from the cost accounting system, whereas budgets a

re generally incorporated into the cost accounting system. a budget expresses management's plans, while a standard reflects what actually happened. a budget expresses what costs were, while a standard expresses what costs should be. a budget expresses a total amount, while a standard expresses a unit amount.
Business
1 answer:
aleksley [76]3 years ago
7 0

Answer:

The correct answer is the last option: a budget expresses a total amount, while a standard expresses a unit amount.

Explanation:

On the one hand, a budget is the name given, in the business field to an estimation done by the managers of the company that shows how much revenue and expenses the managers are expecting that will happen over a specified future period of time and that is normally compared to the reality and the basics of the process of the company while the production is on going.

On the other hand, a standard when it comes to terms of business refers more specifically to units because an standard is something that the managers of the company are expecting to acquire and to achieve over a certain period of time always focusing in the unit of production, not in the total amount.

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Explain how you will use each of the five P's of the marketing mix to achieve
bulgar [2K]

Answer & Explanation:

To determine the brand image goal, it is essential to identify the targeted market, segments first - who the brand serves and then conduct the market research to understand the demand, the tastes and preferences of the targeted customers.

Based on these information, we can use marketing mix to achieve the goal.

Product

If the brand has already chosen the sector to operate it, it should base on the market taste and demand to determine things related to the product, including: the functions, packaging, appearance, added value for customers, quality, and other supported services (such as warranty). These are information that customers usually consider when they make a purchasing decision. So that the brand should clarify the information about features of products, add benefits that the users can earn from the products.

Price

When determining the pricing strategy, the brand does not only consider the product price but also discounts policy, credit terms, etc. These would base on the position of the brand in the marketplace (in low price, premium or low-medium, etc. and providing high, low or medium quality products, etc.). This bases on the products the brand offers after considering the consumption habit, power of the targeted segments.

Place

Brand has to identify where the products are seen, distributed and purchased so as to approach the largest amount of potential customers. In the place strategy, the prioritized goal is to assure the products are accessible to the targeted customers. (For example, the brand can provide their products at convenient stores if this is the more preferred shopping places of targeted customers.)

Promotion

This refers to the activities to make the brand known more and attract more buyers, including types of advertisement, sponsorship, etc. There are two most common ways of promotion is promote directly the users or promote the distributors (the wholesalers) to import and sell the products of your brand.

People

The people strategy involves in the image of people participated in the brand such as staff, salesperson, other employees. This affects mainly the customer services - which would have considerable impact on the perception of customers about the brand. The people strategy can base on the image they want to target, for example to be basic, friendly or to make the customers feel the vibe of luxurious brand.

3 0
3 years ago
Real options are opportunities that are embedded in capital budgeting projects that enable managers to alter their cash flows an
mamaluj [8]
I think it’s true have a good day
6 0
3 years ago
True or False
Oduvanchick [21]

That statement is false

In business, the amount of equity could be changed through either of these two ways:

- The first one is by buying out the shares that the company released. People would have more equity/ownership in the company if they hold more shares.

- If the majority shareholders in the company have agreed to sacrifice the percentage of their ownership and granted it to someone else.

8 0
3 years ago
Read 2 more answers
Sales-Value-at-Split-off Method Alomar Company manufactures four products from a joint production process: barlon, selene, plice
julia-pushkina [17]

Answer:

Alomar Company

Allocation of Joint Costs:

Barlon =   $10,270

Selene =  $25,431

Plicene =  $31,789

Corsol =  $59,910

Total =  $127,400

Explanation:

a) Data and Calculations:

Joint costs:

Direct materials    $67,900

Direct labor             34,000

Overhead               25,500

Total joint costs  $127,400

Joint Products             Barlon    Selene     Plicene      Corsol         Total

Batch output units       1,400      2,600       2,500       3,500         10,000

Selling price per unit      $15         $20          $26          $35

Sales value             $21,000  $52,000   $65,000 $122,500  $260,500

Allocation of Joint Costs:

Barlon =   $10,270 ($21,000/$260,500* $127,400)

Selene =  $25,431 ($52,000/$260,500* $127,400)

Plicene =  $31,789 ($65,000/$260,500* $127,400)

Corsol =  $59,910 ($122,500/$260,500* $127,400)

8 0
3 years ago
If the administrator prohibits investment advisers in that state from taking custody of customer funds or securities, then the i
Ket [755]

The investment adviser would not be permitted to accept securities from a customer that are registered in customer name if administrator prohibit him from taking custody of customer, as per Securities and Exchange Commission.

As per the Securities and Exchange Commission, The Commission has amended the custody rule in accordance with the Investment Advisers Act of 1940. The amendments modernize the rule by bringing it in line with modern custodial practices and requiring advisers who have custody of client funds or securities to keep those assets in the custody of broker-dealers, banks, or other qualified custodians. The amended rule also defines "custody" and illustrates situations in which an adviser has custody of client funds or securities. The amendments are intended to improve client asset protection while reducing the burden on advisers who have custody of client asset.

Learn more about Securities and Exchange Commission here:

brainly.com/question/28066418

#SPJ4

8 0
2 years ago
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