In my understanding, this assignment wants you to evaluate the decision made by the management officer, in her attempt to improve the business position.
First of all, net profit figure shows the profitability of the business. Net profit figure means the total profit earned minus all the costs incurred in running the business. Higher net profit figure in year 1 might indicate a favourable position, as it could be that higher profit is generated from using whatever method/machine they use in year 1, or running this machine incurred less cost. In year 2, they didn't necessarily earn lower profit, but running the new machine might be more costly.
Next, rate of productivity growth refers to the growth in quantity of output produced. If more output can be produced, this means higher efficiency. This means that the efficiency of production in year 2 is more than in year 1.
Thirdly, the number of customer's complaints is important in evaluating the business' goodwill, in this case, its position in the society. Without good relationship with the public, a company may lose its customer. It is always important to keep clients satisfied since they're the source of income to the business. This means that the management decision in year 2 is more favourable than in year 1.
Last but not least, rate of absenteeism can be evaluated in terms of productivity . Higher absenteeism means lower productivity, lower output but higher cost to the business since they're paying salaries to workers who don't produce output to sell. Less output to sell means less income can be earned. In year 1, the business productivity is higher than in year 2.
In year 2, the business has a boost in their efficiency & reputation. Although less profit earned, it is likely that this will grow in the future. Staff attendance can be improved by encouragement such as giving incentives for example, provision of more holidays.
I hope this is helpful!
Base on the given scenario of which the orange company
introduced an innovative mp3 player, the apple inc’s ipod will likely tend to
decrease its mark up as a new rival has been introduced which is having a head
on with the apple’s mp3 product.
The answer to the question above is this: <span>they spent their days lying on their backs in cribs. Wayne Dennis has studied infants in Iranian orphanages. The infants in these orphanages were more on left lying on their backs on their cribs and this results in the delay of their physical development such as walking and other physical activities. This made the children in the orphanages walk at the age of 3 to 4 instead of 1 year old or earlier.</span>
Answer:
A)1192 A
B) 192 A
C) 1000 A
Explanation:
The Question is to Compute Simba Company's Total, Price, and Quantity materials Variances
1) Computation of material Cost Variance
= The Standard Cost - The Actual Cost of the material
= 1,500 units x 2 pounds = 3000 pounds
Standard Cost = 3,000 pounds x $5 = $15,000
Therefore material variance = $15,000 - $16,192 = 1192A
2) The material Rate Variance or the Price Variance
= (Standard Rate - Actual Rate) Actual Quantity
= Actual Rae = $16,192 / 3200 = $5.06
Material Rate Variance = (5- 5.06) x 3,200
= 192 A
3) The material Usage Variance or Quantity variance
= (The Standard Quantity - Actual Quantity) Standard Rate
Standard Quantity = 1,500 Units x 2 Pounds = 3000 pounds
Material Usage Variance = (3,000-3,200) 5
= 1000 A
The correct answer is exchange or trade
