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For better inventory and distribution, employees should be educated on all of the procedures involved and should be given as muc

Soloha48 [4]

Answer:

For better inventory and distribution, employees should be educated on all of the procedures involved and should be given as much time as needed to ensure they are fully informed. True

8 0

2 years ago

What is a traditional economy

statuscvo [17]

A traditional economy is an original economic system where traditions, customs, and beliefs shape the goods and services the economy produces, and also the the rules and manner of their distribution.

8 0

4 years ago

Read 2 more answers

A company purchases 12,000 pounds of materials. The materials price variance is $6,000 favorable. What is the difference between

Sonbull [250]

Answer:

The difference between the standard and actual price paid for the materials is $0.5.

Explanation:

Given Data:

Actual Quantity = 12,000 Pounds

Material Price Variance = $6,000

We know the formula for Material Price Variance is:

Materials Price Variance = (Actual quantity × Actual price) – (Actual quantity × Standard price) ----- (1)

For convenience, suppose:

Actual Price = AP & Standard Price = SP

Rearranging the equation (1) and substituting the Actual and standard price with AP and SP we get,

Material Price Variance = (Actual Quantity x AP) – (Actual Quantity x SP)

Taking Actual Quantity as common on the left hand side of equation we get:

Material Price Variance= Actual Quantity (AP – SP) ---- (2)

Putting the values of Material Variance and Actual Quantity in equation (2), we get:

$6000=12,000 (AP – SP)

Rearranging the equation we get,

AP – SP = $6000/12,000

Finally, AP – SP = $0.5

Conclusion:

The difference between the standard and actual price paid for the materials is $0.5.

7 0

3 years ago

Mini’s ice cream stand offers different combinations of premium flavors, cones, and toppings to create hundreds of extravagant,

Yakvenalex [24]

Answer:

She is using the generic differentiation strategy.

Explanation:

This strategy consists of the differences shown by the product or service offered by the company compared to others that do the same, creating something that is perceptive for people who are looking for something new or are tired of the same things as always.

By including new premium flavors, cones and toppings on the menu, she is giving customers the pleasure of choosing for themselves how their ice cream will taste, what shape it will have, what colors it will have.

8 0

3 years ago

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Rediger Inc., a manufacturing Corporation, has provided the following data for the month of June. The balance in the Work in Pro

Lilit [14]

Answer:

The cost of goods manufactured for June was $139,000

Explanation:

The cost of goods manufactured for June was shown below:

= Opening work in progress + direct material cost + direct labor cost + manufacturing overhead cost applied to work in progress - ending work in progress

= $22,000 + $55,000 + $28,000 + $51,000 - $17,000

= $139,000

The actual manufacturing overhead cost is irrelevant as it is not related to the work in progress that's why it is not be considered in calculation part.

Hence, The cost of goods manufactured for June was $139,000

5 0

3 years ago