Answer: Target Costing
Explanation:
Target Costing is a method of costing on a product done while it's still being produced to determine the best price at which the product can be sold that would be able to compete with price of other similar products in the market and still make profit for the company.
RTP Corp needs to apply target costing for it's new computer processor in order for it to be profitable and beat the price of other processors in the market.
Answer:
$296,000
Explanation:
Calculation for How much is direct labor cost
Using this formula
Direct labor cost=Total manufacturing costs-Manufacturing overhead totaling-Direct materials totaling
Let plug in the formula
Direct labor cost=$450,000 - $68,000 - $86,000
Direct labor cost=$296,000
Therefore the direct labor cost will be $296,000
Answer:
e. She may find it difficult to deal with the stress of rent increase.
Explanation:
Carol has decided to open a Vietnamese restaurant solely. She has adopted 'sole proprietorship' form of business.
Sole Proprietorship is a form of business owned, run & managed by a single entrepreneur (proprietor).
This form of business has following advantages & disadvantages:
- Advantages : Easy formation, dissolution ; sole, flexible, quick decision making
- Disadvantages : Limited Capital ; Entrepreneur Unlimited Liability ; Less expansion scope.
So : Carol being a sole proprietor won't face problems like - difficulty in quick & independent decision making, adaptability to market demand, focus on specific consumer groups .
She as a sole proprietor, would rather face issue like limited capital funds & hence would - find it difficult to deal with stress of rent increase.
Answer: True
Explanation: Managers refers to that individual who performs the function of management in the organisation.
The function described in the given statement is controlling. Controlling focuses on monitoring the executed plan and take corrective actions in case there comes any discrepancy. Therefore, manager is responsible for ensuring that the activities performed are matching the organisational goals.
Thus, the given statement is true.
