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dolphi86 [110]
3 years ago
13

Match the cost variance component to its definition.

Business
1 answer:
Komok [63]3 years ago
3 0

Answer:

1. D

2. A

3. C

4. B

Explanation:

Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services.

In sales and marketing, pricing of products is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.

In Accounting, costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.

The various types of cost variance components and their definition includes the following;

1. Standard price: the expected price

2. Actual quantity: the input used to manufacture the quantity of output

3. Actual price: the amount paid to acquire input

4. Standard quantity: the expected input for the quantity of output

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Horatio Alger is the product manager for Brand X, a consumer product with a retail price of $1.20. Retail margins are 35% while
Anna71 [15]

Answer:

Contribution per unit of Bran X = 51 cents

Contribution margin: 51 / 69 = 73.91%

Explanation:

<em>Retail price: 1.20</em>

retail margin of 35% --> thus the cost of good is 1.20 x ( 1 - 0.35) = 0.78

At this price the wholesalers trade to grosery store and others

wholesales margin 11.5% --> the price at which Alger sales the product to wholesalers:

0.78 x (1- 0.115) =<em> 0.6903 producer selling price</em>

Now from this, Horatio has the following variable cost:

variable manufacturing cost:   0.08

shipping and other cost:          0.03

sales persons 10% commision 0.06903

Total variable cost: 0.17903

Contribution per product: .6903 - 0.17903 = 0.51127 = 51 cents

8 0
3 years ago
What payroll deductions might change depending on the state you live in
Blizzard [7]
State and local taxes
6 0
3 years ago
Wisconsin Cheddar has introduced a new product called "aged jalapeno cheddar". Displays are set up at various retail cheese stor
Fiesta28 [93]

Answer:

Sales promotions

Explanation:

Sales promotions are the planned activities that a business takes to stimulate demand and increase sales. In sales promotions, the company applies attractive short-term methods to persuade customers to buy products.  Sales promotions mostly target consumers. Businesses may also initiate sales promotion aiming at encouraging traders to sell more.

Techniques used in sales promotion include discount vouchers, money-off-coupons, free samples, and competitions. Wisconsin Cheddar is conducting a sales promotion. The displays, free samples, and discount coupons are meant to encourage customers to buy. Sales promotions are useful in introducing new products in the markets. They help push-up sales volumes, although it could be temporarily.

4 0
4 years ago
The cost of renting a room at a hotel is, say $100.00 per night. For special occasions, such as a wedding or conference, the hot
Serggg [28]

Answer:

//Room rent

#include<iostream>

using namespace std;

int main()

{

double rent, sales, dis = 0;

int num, days;

double room_rent, total_rent,sales_tax;

cout<<"Enter the rent of one room: ";

cin>>rent;

cout<<"Enter the number of rooms to be booked: ";

cin>>num;

cout<<"Enter the number of days for which rooms need to be booked: ";

cin>>days;

cout<<"Enter the sales tax (in %): ";

cin>>sales;

if(num>=30)

dis = 0.3;

else if(num>=20)

dis = 0.2;

else if(num>=10)

dis = 0.1;

if(days>=3)

dis += 0.05;

total_rent = rent*num*days*(1-dis);

room_rent = total_rent/num;

cout<<"The cost of renting one room is "<<room_rent<<endl;

cout<<"The discount given is "<<100*dis<< "%.\n";

cout<<"The number of rooms booked is "<<num<<endl;

cout<<"The number of days rooms booked is "<<days<<endl;

cout<<"Total cost of the rooms = "<<total_rent<<endl;

sales_tax = (sales*total_rent)/100;

cout<<"Sales tax = "<<sales_tax<<endl;

cout<<"Total bill = "<<total_rent + sales_tax<<endl;

return 0;

}//end of main function

Explanation:

3 0
3 years ago
The Clydesdale Company has sales of $4,500,000. It also has invested assets of $2,000,000 and operating expenses of $3,600,000.
defon

Answer:

45%

Explanation:

Given that,

Sales = $4,500,000

Invested assets = $2,000,000

Operating expenses = $3,600,000

Minimum rate of return = 7%

Operating profit of the company:

= Sales - Operating expenses

= $4,500,000 - $3,600,000

= $900,000

Therefore, the rate of return on investment is as follows:

= Net operating income ÷ Invested assets

= $900,000 ÷  $2,000,000

= 45%

4 0
3 years ago
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