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Zina [86]
2 years ago
14

Consider the following costs incurred in a recent period:Direct Materials $33,000Depreciation on Factory Equipment $12,000Factor

y Janitor's Salary $23,000Direct Labor $28,000Utilities for Factory $9,000Selling Expenses $16,000Production Supervisor's Salary $34,000Administrative Expenses $21,000What was the total amount of period costs listed above for the period?
Business
2 answers:
Lynna [10]2 years ago
8 0

Answer:  $37,000

Explanation:

Period costs are those costs that are not attributable to the production process so will mostly be administration expenses.

In the above, all expenses are related to the production whether directly or indirectly except selling expenses and admin expenses.

Period Costs = Selling Expenses + Admin expenses

= 16,000 + 21,000

= $37,000

asambeis [7]2 years ago
4 0

Answer:

$37,000

Explanation:

The following costs were incurred in a recent period

Direct Materials $33,000

Depreciation on Factory Equipment $12,000

Factory Janitor's Salary $23,000

Direct Labor $28,000

Utilities for Factory $9,000

Selling Expenses $16,000

Production Supervisor's Salary $34,000

Administrative Expenses $21,000

Therefore, the total amount of period cost can be calculated as follows

Total amount of period costs = Selling expenses + administrative expenses

= $16,000 + $21,000

= $37,000

Hence the total amount of period costs for the above period is $37,000

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Marketing Strategy Formulation
Keith_Richards [23]

Answer:

Marketing Strategy Formulation

Goals indicate what a business unit wants to achieve; strategy answers how to get there.

Basic generic strategies

Overall cost leadership

The business works hard to achieve the lowest costs. The problem with this strategy is that other food trucks will usually emerge with still lower costs. The real key is for Chix and Waffles to achieve the lowest costs among those competitors adopting a similar differentiation or focus strategy.

Differentiation

The business concentrates on achieving superior performance in an important customer benefit area valued by a large part of the market(s).

Focus

The business focuses on one or more narrow market segments rather than going after a large market. The food truck gets to know the needs of these segments and pursues either cost leadership or a form of differentiation within the target segments.

Goal Formulation

Goals are listed hierarchically, from most to least important. State the objectives quantitatively with a time line and a due date. Your goal at this point of your business plan is to execute the business plan in order to achieve the budgeted profits by the end of the first quarter of re-opening.

Examples

Goal #1: Achieve budgeted profits of __________ by July 31, 2021.

Strategy #1 - How are you going to do it? Develop a statement or series of statements that tell how you are going to achieve profit. Use your cost control course or purchasing course to list a series of actions that will achieve the following costs.

Actions: Food cost: __________

Bar cost: ___________

Labor cost: _________

Strategy #2

Goal #2: Achieve budgeted sales of __________ by July 31, 2021.

Strategy #1 - How are you going to do it? Develop a statement around one of the three generic strategies listed above.

Actions: Achieve cost leadership of our direct competition through ________________ (use of publicist, advertising, promotions, TV, etc.).

Strategy #2

Goal #3: Execute cultural values to embrace market to build concept loyalty and build repeat customer trial to 12 visits per quarter by July 31, 2021.

Strategy #1 – How are you going to establish a guest list and measure repeat patronage?

Actions:

8 0
3 years ago
In the context of market segmentation, which of the following strategies should be adopted by multinational enterprises to targe
raketka [301]

Answer:

B. They should market localized products and services under local brands.

Explanation:

Global Agnostics are most likely going to lead anti globalization demostrations. That means that they are against the idea of globalization and prefer national products.

Companies shouldn't consider them as lost customers. They can market localized products and services under local brands, for example Nestle owns more than 8000 brands around the world, most of which are local, country specific brands not marketed somewhere else.

6 0
2 years ago
A company must decide between scrapping or reworking units that do not pass inspection. The company has 13,000 defective units t
gregori [183]

Answer:

A.Incremental income(loss)

Sales as scrap $39,000

Rework $41,600

B.The company should REWORK

Explanation:

A. Sales as Scrap Rework

Sales of scrap units ($13,000×3.00)

$39,000

Sales of rework units ($13,000×8.20)

$106,600

Cost to rework units($13,000×5.00) $65,000

Incremental income(loss)

$39,000 $41,600

B.Therefore the company should REWORK

($106,600-$65,000)

=$41,600

8 0
3 years ago
The basic difference between a good and a service is that a good:
alexgriva [62]

Answer:

The correct answer is letter "B": can be physically touched.

Explanation:

Goods are those <em>material </em>assets that satisfy consumers' needs. Services are also provided to fulfill individuals' wants but they are <em>intangible</em>, meaning even if goods can be rendered from one person to another, services cannot be touched or perceived with the senses. The creation of goods and services to cover different types of necessities is what drives countries' economies.

6 0
3 years ago
The company enters a lease agreement requiring lease payments with a present value of $14 million. will this lease agreement aff
wariber [46]
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5 0
2 years ago
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