Answer:
This is true.
Explanation:
Managers who use both resources from the local culture and the company's resources are highly effective. This is because to achieve business success in turbulent economies it is necessary to be clear about the cultural values of the environment in which the company's activity takes place. This added to the increase of the business performance form the main strengths of a successful company.
By evaluating and rewarding the managers for complying with these characteristics, the company can increase their performance.
Answer:
the recording of materials purchased is handled by three different methods.
Explanation:
Sr. No Particulars Debit Credit
Purchases $950,000
Material Price Purchase Price Variance $50,000
Cash $1000,000
Method 1: Record the price variance when materials are received.
Method 2: Record the materials on actual costs and determine the price variance when material is requisitioned.
Method 3: Combination of method 1 and method 2.
For control purposes the price variance should be determined when the material is received
Career plan? Action plan? I'm not sure.
Answer:
break-even level of revenues increases from $2,890,625 to $3,500,000
Explanation:
Break even point is the level of sales at which the company makes neither a Profit nor a loss.
Break -even Sales revenue = Fixed Cost / Contribution Margin Ratio
<u>Old Break -even Sales revenue </u>
Break -even Sales revenue = ( $800,000 + $125,000)/(1.00-0.68)
= $925,000/ 0.32
= $2,890,625
<u>Old Break -even Sales revenue </u>
Break -even Sales revenue = ( $600,000 + $100,000)/(1.00-0.80)
= $700,000/ 0.20
= $3,500,000
Answer:
debit to Work in Process of $74,000.
Explanation:
When we record entry related to work in process, only directly related cost is charged against work in process.
As work in process is an inventory it is part of assets and assets are recorded with a debit balance.
For this, the work in process shall be debited.
In the given instance direct costs are: Direct labor = $74,000
Thus entry for recording work in process will debit work in process inventory with $74,000.