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3 years ago

Identify the Key Concepts of Effective Operations Strategy

Business

1 answer:

Greeley [361]3 years ago

6 0

Answer:

The Key Concepts of Effective Operations Strategy is explained below in details.

Explanation:

Operations management includes preparation, coordination, and supervising methods, and make significant enhancements for tremendous profitability. The improvements in the everyday operations have to promote the company's strategic purposes, so they are introduced by deep examination and determination of the current processes.

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In applying the high-low method, what is the fixed cost? month miles total cost january 80,000 $144,000 february 50,000 120,000

kupik [55]

The high and low levels of activity are 90,000 miles in April and 50,000 miles in February. The costs at these two levels are $195,000 and $120,000, re-spectively. The difference in costs is $75,000 ($195000-120000), and the difference in miles is 40,000 (90000-50000). Therefore, variable cost per unit is $1.875computed as follows.
75000÷40000=1.875

Determine the fixed costs by subtracting the total variable costs at either the high or the low activity level from the total cost at that activity level
Variable cost=1.875×50,000=93,750

fixed cost=120,000−93,750=26,250

5 0

3 years ago

Kevin and Randy Muise have a jar containing 4444 coins, all of which are either quarters or nickels. The total value of the coi

aev [14]

Answer:

they have 25 quarters and 19 nickels

Explanation:

let N = number of nickels

let Q = number of quarters

5N + 25Q = 720

N + Q = 44

N = 44 - Q (now we must replace)

5(44 - Q) + 25Q = 720

220 - 5Q + 25Q = 720

20Q = 720 - 220 = 500

Q = 500 / 20 = 25

N = 44 - 25 = 19

6 0

3 years ago

f-1. Assume that no intra-entity inventory or land sales occurred between Placid Lake and Scenic. Instead, on January 1, 2020, S

Margarita [4]

Answer:

Journal 1

Debit : Other Income $34,000

Credit : Equipment $34,000

Journal 2

Debit : Accumulated depreciation $6,800

Credit : depreciation $6,800

Explanation:

Step 1 : Eliminate the Income resulting from sale and the additional value of equipment sitting in the buyer books

Income = Selling Price - Carrying Amount

where,

Carrying Amount = Cost - Accumulated depreciation

= $84,000

therefore,

Income = $118,000 - $84,000 = $34,000

Journal;

Debit : Other Income $34,000

Credit : Equipment $34,000

Step 2 : Eliminate the unrealized profit as a result of additional asset value

unrealized profit = income ÷ remaining useful life

= $34,000 ÷ 5

= $6,800

Journal;

Debit : Accumulated depreciation $6,800

Credit : depreciation $6,800

7 0

3 years ago

Sherman, who owns property in a life estate, neglects the property, significantly diminishing its value. this is called ______.

asambeis [7]

Sherman, who owns property in a life estate, neglects the property, significantly diminishing its value. This is called a<u>n act of waste</u>.

The diminishing value technique assumes that the cost of a depreciating asset decreases extra within the early years of its effective life.

Basically, you take the number 2 hundred and divide it by the object's effective existence. For instance, 10 years, and specific that as a percentage (two hundred/10 = 20% in this example). The depreciation price applies to the faded cost of the asset after it's been depreciated every 12 months.

In the diminishing value approach, depreciation is calculated on the e-book cost of the asset at the start of the year rather than the precept amount with constant percent. on this, the percentage is identical however depreciation quantity steadily decreases as it's far completed on book value.

Learn more about diminishing value here brainly.com/question/18633836

#SPJ4

3 0

2 years ago

Owen Conner works part-time packaging software for a local distribution company in Indiana. The annual ﬁxed cost is$10,000 for t

Marianna [84]

Answer:

revenue we need to take in before breaking even = $1,250 × 8 = $10,000

Break-even units = 9

Explanation:

Data provided in the question:

Annual fixed cost = $10,000

Direct labor cost = $3.50 per package

Material cost = $4.50 per package

Selling price = $1,250

Now,

let the break-even units be 'x'

Thus,

total cost = $10,000 + $3.50x + $4.50x

total cost = $10,000 + $8x

also,

total revenue = $1,250x

now,

at break-even

total cost = Total revenue

$10,000 + $8x = $1,250x

$1250x - $8x = $10,000

$1,242x = $10,000

x = 8.05 ≈ 9 packages

at 9 packages, we have break-even revenue

Therefore,

revenue we need to take in before breaking even = $1,250 × 8 = $10,000

4 0

3 years ago