1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
guajiro [1.7K]
2 years ago
11

Potter Corporation has gained considerable market share in recent years for its​ specialty, low-volume, complex line of​ product

s, but the gain has been offset by a loss in market share for its​ high-volume, simple line of products. This has resulted in a net decline in its overall profitability.
Advise management about specific changes that may be required in its cost accounting system and explain why the existing system may be inadequate.
Business
2 answers:
Oksana_A [137]2 years ago
7 0

Answer:

Potter Corporation should turn to activity-based costing.

Explanation:

Potter Corporation should change to activity-based costing. Since Its present system seems to be deforming product costs, resulting in prices of specialty products that are below average and prices of simple products that are too high. This may lead Potter to push products that produce low profit margins.

just olya [345]2 years ago
4 0

Answer:

The company should adopt Lean Accounting

Explanation:

The main goal of lean accounting is to improve financial management practices within an organization. Lean accounting is an extension of the philosophy of lean manufacturing and production, which has the stated intention of minimizing waste while optimizing productivity. For example, if an accounting department is able to cut down on wasted time, employees can focus that saved time more productively on value-added tasks.

When using lean accounting, traditional costing methods are replaced by value-based pricing and lean-focused performance measurements.

Financial decision making is based on the impact on the company's total value stream profitability. Value streams are the profit centers of a company, which is any branch or division that directly adds to its bottom-line profitability.

You might be interested in
For an automobile company, the total overhead applied was $48,000,000 at the end of the year. Actual overhead was $52,850,000. C
ICE Princess25 [194]

Answer:

Net income decreased by $4,850,000.

Explanation:

Given total overhead applied = $48000000

The actual overhead = $52850000

Over/under Applied overhead = total overhead applied - Actual overhead at the end of the year.

Over / under Applied overhead = 48000000-52850000

Over / under Applied overhead = -$4850000

From the calculation, it can be seen that the overhead is underapplied therefore when under applied overhead allocated to cost of goods sold then cost of goods sold decreased by $4850000.

4 0
3 years ago
Which of the following cannot be considered a benefit of implementing HACCP?
Natasha_Volkova [10]
I don’t see the options
7 0
2 years ago
Discuss the steps of growing mushrooms <br>not a too long answer ​
Artyom0805 [142]

Answer:

The Pennsylvania State University,

College of Agriculture, Extension Service,

University Park, Pennsylvania

Mushroom farming consists of six steps, and although the divisions are somewhat arbitrary, these steps identify what is needed to form a production system.

The six steps of mushroom farming:

Phase I

1. Composting

Phase II

2. Composting

3. Spawning

4. Casing

5. Pinning

6. Cropping

6 0
2 years ago
Which of the following is the process of​ designing, managing, and improving the movement of finished goods and works in process
IrinaVladis [17]

Answer:

E. Outbound logistics.

Explanation:

Outbound logistics is the process of​ designing, managing, and improving the movement of finished goods and works in process through the supply​ chain. In outbound logistics goods are stored, transported and distributed to the customers. There are two types of logistics, inbound and outbound. In inbound logistics, goods and materials move inside the organization while in outbound logistics the movement of the products is outside of the business. Outbound logistics is one of the important mechanism of the organization where they move their final products to the distributors, wholesalers and final consumers.

4 0
3 years ago
Which term is used to describe the physiological process of decoding sounds?
wolverine [178]
Hearing is the physiological process of registering sound waves as they hit the eardrum. Attending is the process of accurately identifying particular sounds we hear as words.

Hope this helps queen
4 0
2 years ago
Other questions:
  • An individual actually earned a 4 percent nominal return last year. Prices went up by 3 percent over the year. Given that the in
    9·1 answer
  • The _____ is a production period long enough for the firm to adjust the
    13·1 answer
  • Lori, a self-employed pediatrician, currently earns $200,000 annually. Lori has been able to save 15%of her annual Schedule C ne
    10·1 answer
  • Herman Company has three products in its ending inventory. Specific per unit data at the end of the year for each of the product
    5·1 answer
  • The data show the percentage of households that composted kitchen waste and those that composted yard waste in 26 regions of a c
    7·1 answer
  • Please subscribe to my mom channel please I need 100 subscribe​ https://youtu.be/f_kgUUaMZlw ​
    7·1 answer
  • F7 Balikan
    13·1 answer
  • On November 1, 2015, Ybarra Construction Company issued $400,000 of 5-year bonds that pay interest at an annual rate of 5%. The
    7·1 answer
  • A restaurant worker earns a set amount per hour from their employer. They also receive tips from customers. Their earnings most
    9·1 answer
  • Today, it is stressed even more that companies go beyond just making a profit and take into consideration the environment and ph
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!