Answer:
The correct answer is B
Explanation:
Stockout or OOS stands for Out of Stock, which is event that causes the inventory to be exhausted. It occur with the entire supply chain.
In this case, Firm is facing failure for having adequate or enough supplies on hand, which result in the lost sales amounts to $175,000. It is representing the Stockout in the inventory management costs.
Answer: Organising
Explanation: Organising in management involves the role a manager plays to ensure that things are working effectively in an organization and that every department in the organization are working at their maximum best. In organising the manager puts everything in place for the smooth running of the organization.
Answer: Target market
Explanation:
Target market could be defined as those group who a producer deem fit to use his or her product. When a producer makes an item, he has a group of people in mind that would buy because they need it, those group of people are the target market. Every producer considered this.
The real estate agent target market are vegetarian because he's renting the houses for what it was specified to be
Answer:
$2,450 Unfavorable
Explanation:
The computation of material price variance is shown below:-
Material price variance = ( Standard Price - Actual Price ) × Actual Quantity of materials purchased
= $17.40 - ($124,250 ÷ 7000) × 7,000
= ($17.40 - $17.75) × 7000
= $2,450 Unfavorable
Therefore for computing the material price variance we simply applied the above formula.
