Although Costco pays its employees substantially more than its closest competitor, Sam’s Club, it has similar financial returns on its labor costs due to lower turnover and higher levels of productivity
Option A
<u>Explanation:
</u>
While Costco costs its workers slightly more than its closest competitor, Sam's Club, Costco pays higher prices in order to recruit more professionals and to provide better customer service due to lower turnover and a similar financial return.
Direct costs involve wages for staff making a product and employees on the production line, while indirect costs apply to assistance, such as employees repairing factory equipment.
When labor costs are wrongly distributed or measured, the price of goods or services may be changed from their actual costs and profits from losses.
Answer:
$75 per case
Explanation:
Required: Selling Price per case
Sales – Variable cost – Fixed cost = Target desired profit
Sales = 800000 case x Selling Price (SP)
Variable cost = (800000 case x $40) + (800000 x SP x 25%)
Putting into equation:
Sales – Variable cost – Fixed cost = Target desired profit
(800000 x SP) – [(800000 x 40) + (800000 x SP x 25%)] - $8000000 = $ 5000000
>800000SP – (32000000 + 200000SP) – 8000000 = 5000000
>800000SP – 32000000 – 200000SP – 8000000 = 5000000
>800000SP – 200000SP = 5000000 + 8000000 + 32000000
>600000SP = 45000000
>SP = 45000000 / 600000
>SP = $ 75
Answer:
The correct answer is debit to Bad Debt Expense.
Explanation:
Taking into account the nature of both accounts, the registration of an account receivable is considered an asset taking into account that it is a callable value for the sale of products or services on credit, for which reason it is recorded in the debit to increase the company rights. In the exposed case, where the debt is considered uncollectible after exhausting many resources, the record is to recognize an expense (debit nature), against a credit to the account receivable with the objective of recognizing in the accounting the loss in the expense and the cancellation of the right in the asset.
Answer:
The correct answer is Assign costs of work process.
Explanation:
Among the main changes to be able to allocate costs, Julio must take the costs of work in process in a single account, instead of directly to different department accounts. This will ensure better control of the information, avoiding mistakes in the planning process.
Answer:
1. C
2. A
3. C
4. A
5. C
6. B
7. B and C
8. C
9. A and B
10. B
Explanation:
A lean business is a business concept used by organizations to eliminate waste and maximize value for growth and development. The lean business concept include the following;
- <em>A total quality management (TQM) is a management framework that is focused on achieving long-term success through the satisfaction of your customers by the efforts of all the member of staff in an organization.</em>
- <em>Just-in-time (JIT) is a management framework that is focused on cutting manufacturing costs and increase efficiency between suppliers and consumers through the use of a proper inventory system.</em>
- <em>A continuous improvement (CI) is a management technique that is focused on improving manufacturing processes, products and services through the elimination of redundancy and time-wasting activities in an organization.</em>
1. Total quality management (TQM): Courteous employees
2. Just-in-time (JIT): Food produced to order
3. Total quality management (TQM): Clean tables and floors
4. Just-in-time (JIT): Orders filled within three minutes
5. Total quality management (TQM): Standardized food making processes
6. Continuous improvement (CI): New product development
7. Total quality management (TQM) and Continuous improvement (CI): Customer satisfaction surveys
8. Total quality management (TQM): Standardized menus from location to location.
9. Continuous improvement (CI) and Just-in-time (JIT): Drive-through windows.
10. Continuous improvement (CI): Continually changing menus.
