The incremental income to process further for Maxim company equals to $30,000.
<h3>What is an Incremental income?</h3>
This means the profit that a business gains from an increase in sales.
It is gotten when there is an additional revenue generated by a certain product.
The Net income to be generated from Green health equals:
= Revenue - Cost
= $90,000 - $28,000
= $62,000
The Net income to be generated from Premium Green equals:
= Revenue - Extra cost
= $98,000 - $6,000
=$92,000
<h3>What is Incremental income to Process further?</h3>
= $92,000 - $62,000
= $30,000
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Answer: Group dynamics
Explanation: In simple words, group dynamics is the system of behavior that occurs within a group. The group dynamics is studied by the top management of an organisation.
The group dynamics is helpful in decision making process, as all the members behavior will be taken into consideration under this study. It is the way that different members in the group behave and interact with each other.
Hence, from the above we can conclude that the right answer is group dynamics.
According to Philip Crosby, the correct cost for a well-managed quality management programme should be less than 2.5 percent.
<h3>What is quality management programme ?</h3>
- A quality management programme that integrates all quality processes is easily capable of meeting FDA and ISO quality standards. This can be a boost to productivity because, with the right QMS software, it can almost manage itself.
- Companies with this level of efficiency can produce more, faster, and at a lower cost.
- Quality management encompasses all project management activities required to put a quality plan into action. The following are the fundamental components of an organization's approach to quality management: Quality system - the structures, procedures, and processes that are used to implement quality management.
- By incorporating a quality assurance programme into your customer relationship management system, you can monitor your employees' performance and ensure that they adhere to the standards you have established. It allows you to know if you've set the right benchmarks and how to change them.
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Answer:
Return on investment=12.81%
Explanation:
<em>Return on investment for a stock comprises of the capitals and dividend earned on the stock.</em>
<em>The capital gain is the difference between he cost of the shares when it was bought and the value when it is sold.</em>
Capital gain = (24.50 -22)× 500= 1250
Dividend earned for a year = 0.32× 500 =160
Total return = 1250 + 160 =1,410
Total return = $1,410
Cost of the shares= 11,000
Return on investment = total return/cost of shares× 100
=1,410
/11,000 × 100= 12.81
Return on investment=12.81%
Answer:
price variance $3,300.00
quantity variance $(3,450.00)
rate variance $(500.00)
efficiency variance $(3,225.00)
Explanation:
DIRECT MATERIALS VARIANCES
std cost $2.30
actual cost $2.10
quantity 16,500
difference $0.20
price variance $3,300.00
std quantity 15000.00
actual quantity 16500.00
std cost $2.30
difference -1500.00
quantity variance $(3,450.00)
DIRECT labor VARIANCES
std rate $7.50
actual rate $8.50 (4,250 / 500 hours)
actual hours 500
difference $(1.00)
rate variance $(500.00)
std hours 70.00
actual hours 500.00
std rate $7.50
difference -430.00
efficiency variance $(3,225.00)