Answer:
Here we can use a approach which is know as 5 S PLUS 1 S.
Explanation:
This approach of 5 S PLUS 1 S means sort, set in order, shine, standardize,sustain and safety, this is a very common method that corporations uses to increase both their efficiency and productivity with decreasing the wastage of materials.
In this organization workplace method, we start with sorting out all the unnecessary material that we don't need and then we start organizing the workplace, as it is important to keep all the inventories and other useful materials or tools properly and then comes the step of keeping useful stuff tidier and would help in maintaining a certain level of standard in the production and by keeping doing all these things an organization can maintain sustainability and keep the company free from any hazards.
Answer:The answer is 1 B, 2.the giving up of her $50,000 per year job as an accountant, 3.True
Explanation:
The opportunity cost can be define as a sacrifice whether on the side of an individual, a firm or government. The opportunity cost is the forgone alternatives in order to acquire a product or a services. To an individual, who aims at maximizing his utility from his limited available resources he will have to allocate these limited resources to those wants that are most important. Opportunity cost help an individual to make a judicious use of his scarce resources. .The opportunity cost is also important to a firm because the firm has to choose to allocate its limited available raw materials in the production of a particular product with high demand at the expense of other products with low demand in order to maximize profit.
The opportunity cost to the government is in the preparation of the budget, the government can decide to allocate the available resources to the sector of the economy which is of high priority such as education at the expense of other sectors of the economy.
Answer: budgeted amounts of allocation bases because the cost allocation to one responsibility center should not influence the allocations to others
Explanation:
A cost pool is a collection of homogeneous costs thqt are to be assigned. Cost pools is an accounting term which refers to the groups of accounts serving used to express the cost of goods and service that are allocatable within a business or a manufacturing organization. The allocation base for a cost pool is a cost driver.
Cost pools should be charged to the responsibility centers by using the budgeted amounts of allocation bases. This is because the cost allocation to a responsibility center should not influence allocations to others.
Contribution format income statement
Contribution margin income statements refer to the statement which shows the amount of contribution arrived after deducting all the expenses that are variable from the total revenue amount. Then, further fixed expenses are deducted from the contribution to get the net profit/loss of the business entity.
break-even point
The Break-Even Point The break-even point (BEP) in economics, business —and specifically cost accounting —is the point at which total cost and total revenue are equal, i.e. "even". There is no net loss or gain, and one has "broken even", though opportunity costs have been paid and capital has received the risk-adjusted, expected return.
Learn more about break-even point here
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