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3 years ago

A production possibilities frontier identifies the dollar cost of producing a good or service in an economy. True or False

Business

1 answer:

belka [17]3 years ago

3 0

Answer:

A production possibilities frontier identifies the dollar cost of producing a good or service in an economy.

True

Explanation:

Cost of producing could be envisaged through budgeting where the variable cost, fixed cost and total cost is expected to be calculated either through rough estimate.

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When firms expand into global markets, they are faced with the choice of reducing costs and/or adapting to the local market. Whe

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Global strategy & transnational strategy

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4 years ago

You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device. The president h

lana [24]

Answer:

Explanation:

Variance analysis studies the relationship between actual and budgeted cost for business activities. Variance analysis helps the management in two ways;

Favorable
Unfavorable

Favorable - if the actual cost incurred is less than the budgeted cost, the difference amount is a saving for the company.

Unfavorable - if the actual cost is more than the budgeted cost, the difference is an extra expenditure for the company.

Flexible budget;

The flexible budget is prepared at different levels of volume that was initially projected by the master budget.
It is highly styled and more useful than the master budget.

The report showing the Activity and Spending Variances for march is given in the file attached below, in other not to cause confusion. Thank you.

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3 years ago

David saves money from his teaching job to buy a new boat when he retires in 20 years. The boat will cost $30,000. He has $12,00

LuckyWell [14K]

Answer:

True

Explanation:

The main advantage of a compound interest account is that the interest that you earn also earns interest, so the total amount of earned interest increases.

For example, a $10,000 account earning simple interest at a 4% rate will earn $4,000 in ten years. While the same amount in a compound interest account will earn $4,802.

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3 years ago

Bodin Company manufactures finger splints for kids who get tendonitis from playing video games. The firm had the following inven

Ilia_Sergeevich [38]

Answer:

Raw Material $191,000

Direct labor $300,000

Actual manufacturing overhead $170,000

Actual selling and administrative expenses $115,000

The company applies manufacturing overhead at the rate of 60 percent of direct-labor cost.

Prime Cost = Direct Material + Direct Labor

Prime Cost = $191,000 + $300,000 = 491,000

Cost of goods manufactured $

Direct material $191,000

Add: Direct Labor $300,000

Add: Manufacturing overhead $170,000

Manufacturing cost $661,000

Manufacturing cost $661,000

Add: Work in process inventory at January 1 $235,000

Less: Work in process inventory at January 31 $251,000

Cost of Goods Manufactured $645,000

Cost of Goods Manufactured $645,000

Add: Finished Good inventory at January 1 $125,000

Less: Finished Good inventory at January 31 $117,000

Cost of Goods Sold $653,000

Manufacturing overhead Account Balance

Actual overhead = $175,000

Manufacturing overhead = $180,000 (300,000 x 60% )

Over applied manufacturing overhead = $180,000 - $175,000

Over applied manufacturing overhead = $5,000

* Data was missing for the calculations, complete question is attached with this answer, Please find that.

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3 years ago

robert jacobs and richard chase (2018). operations and supply chain management, 16th edition, mcgraw-hill. isbn 978-1-260-23890-

morpeh [17]

What was robert jacobs and richard chase (2018). operations and supply chain management, 16th edition; (COMPLETE QUESTION)

With a light emphasis on quantitative coverage, Operations and Supply Chain Management, 16e covers the full spectrum of Operations Management and Supply Chain. It offers pertinent and up-to-date Operations Management topics with an emphasis on economics and the global economy, analytics content that uses math models to link decisions to pertinent data, and proper problem-solving techniques.

This sixteenth edition gives students a set of more practical skills and tools as well as examples of what businesses are doing to gain a competitive advantage in the market. Reducing the cost of supply chain processes, integrating and collaborating with customers and suppliers, sustainability, and lowering the long-term cost of products and processes are all current business hot themes that pertain to operations and supply chain management.

TO know more about operations and supply chain management

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1 year ago