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3 years ago

An example of strategic planning is:

Business

1 answer:

My name is Ann [436]3 years ago

7 0

Answer:

A) Deciding where to locate a new manufacturing plant

Explanation:

Strategic planning is the process in which the company sets its goals for the future, and makes plans to achieve those goals.

Strategic planning is therefore, a process focused on the future, not on daily activities, and is usually the main job of the CEO.

Deciding where to locate a new manufacturing plant is an example of strategic planning because expanding manufacturing capacity is a form of planning growth for the future of the firm.

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A manufacturing company that has only one product has established the following standards for its variable manufacturing overhea

AfilCa [17]

Answer:

Variable overhead efficiency variance= $9,911 unfavorable

Explanation:

Giving the following information:

Standard hours per unit of output 5.30 DLHs

Standard variable overhead rate $ 11.66 per DLH

Actual direct labor-hours 8,800 DLHs

Actual output 1,500 units

<u>To calculate the variable overhead efficiency variance, we need to use the following formula:</u>

Variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate

Standard quantity= 5.3*1,500= 7,950

Variable overhead efficiency variance= (7,950 - 8,800)*11.66

Variable overhead efficiency variance= $9,911 unfavorable

6 0

4 years ago

The local gas station agreed to pay its workers $7 an hour in 2018 and $10 an hour in 2019. The CPI was 252 in 2018 and 257 in

Trava [24]

Answer:

Real wage rate can be calculated by:

= Nominal wage rate /CPI * 100

2018 real wage rate:

= 7 / 252 * 100

= $2.78

2019 real wage rate:

= 10 / 257 * 100

= $3.89

Did these workers really get a pay raise between 2018 and 2019?

YES THEY DID:

= 2019 real wage - 2018 wage rate

= 3.89 - 2.78

= $1.11

6 0

3 years ago

Nouveaux Co. was incorporated at the beginning of this calendar year. Its articles of incorporation authorize 500,000 shares of

neonofarm [45]

Answer:

D) 270,000

Explanation:

The computation of the outstanding number of shares is shown below:

= (Issued shares - treasury shares) × stock split ratio

= (100,000 shares - 10,000 shares) × 3

= 90,000 shares × 3

= 270,000 shares

Simply we deduct the treasury stock from the issued shares and then multiply it by the stock split ratio so that the correct amount of outstanding shares can come

7 0

3 years ago

Paxton Company can produce a component of its product that incurs the following costs per unit: direct materials, $10.90; direct

siniylev [52]

Answer:

$ 8.9

Explanation:

Given:

Direct materials cost = $ 10.90

Direct labor = $ 14.90

Variable overhead cost = $ 3.90

Fixed overhead cost = $ 8.90

Selling price offered for the product = $ 38.60

Net incremental cost = Offered selling price - ( Direct materials cost + Direct labor + Variable overhead cost )

The fixed cost is not included because, it will be incurred whether the offer is accepted or not.

therefore,

Net incremental cost = $ 38.60 - ( $ 10.90 + $ 14.90 + $ 3.90 )

The net incremental cost = $ 8.9

7 0

3 years ago

Read 2 more answers

Which of the following statements regarding a balanced scorecard is correct? Multiple Choice A balanced scorecard includes non-f

Fynjy0 [20]

Answer: All of these are correct answers.

Explanation: In simple words, Balanced scorecard refers to the strategic management system in which the organisational tries to communicate to the stakeholders what is their ultimate goal and what are they trying to establish.

In such a process, the managers of the organisation translate their mission statement relating to various aspects of customer service and declares their course of actions regarding the activities that really matters to the customers.

Hence from the above we can conclude that all the statements are correct in the given case.

4 0

4 years ago