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liubo4ka [24]
3 years ago
8

A total materials variance is analyzed in terms of quantity and quality variances. tight and loose variances. price and quantity

variances. buy and sell variances.
Business
1 answer:
madreJ [45]3 years ago
7 0

Answer:

price and quantity variances.

Explanation:

In Financial 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.

Manufacturing costs can be defined as the overall costs associated with the acquisition of resources such as materials and the cost of converting these raw materials into finished goods. Manufacturing costs include direct labor costs, direct materials cost and manufacturing overhead costs.

Total direct materials variance gives the difference between the budgeted cost and actual cost of a unit of goods produced.

Generally, a total materials variance is analyzed in terms of price and quantity variances used by a manufacturer in the manufacturing of a particular product.

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Specialization of labor results in the production of large quantities of a product.a. trueb. false
il63 [147K]

Answer: True

Explanation: Specialisation of labour in production is the process of classifying People who have different skills, talents, and interests into groups so they will be better at what they do.

Specialisation in certain tasks often aid workers to produce more quickly and with higher quality especially in assembly line laborers.

Specialization also allows businesses to take advantage of economies of scale, which means that for many goods, as the level of production increases, the average cost of producing each individual unit declines.

The division and specialization of labor has been a force against the problem of scarcity as more product will be produced as against when there is not specialisation in division of labour.

6 0
3 years ago
Financial functions format calculated values as currency, with _______. Question 3 options: a) positive cash flow appearing in r
Vlada [557]

Answer:

d) negative cash flow appearing in red font.

Explanation:

Colour coding is a type of excel formatting for financial modelling.

Color coding allows anyone to immediately pick up your model and know what can be changed (assumptions) and what should not be altered (formulas).

Example:

negative cash flow (Cash outflow) of the company appears in red font while positive cash flow (Cash inflow) of the company appears in green font.

3 0
3 years ago
Floors and Fixtures, a home improvement store, is planning to expand and open four new stores, one each year. As a result, it de
IrinaK [193]

Options:

A. Operational

B. Tactical

C. Static

D. Strategic

D. Growth

Answer:D. Growth

Explanation:Growth plans are Activities put in place to enhance that an organisation attains its growth Objectives.

A Growth plan identifies potential opportunities for growth and makes the required resources available in irder to sponsor the potential opportunities.

A growth plan contains business elements which can help the a business Organisation identify the value of customers and how to meet the needs of the customers which will help to enhance the growth of the business through increased revenue.

5 0
3 years ago
Read 2 more answers
Promotion to consumers is called ?
Arte-miy333 [17]

Answer: Sales promotion

Explanation: Sales promotions targeted at retailers and wholesale are called trade sales promotions. i think its right

5 0
3 years ago
Sheridan Company has the following inventory data: July 1 Beginning inventory 36 units at $19 $684 7 Purchases 126 units at $20
Alexeev081 [22]

Answer:

$2436

Explanation:

LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.

total goods sold = (total inventory purchased + beginning inventory) - 60

(36 + 126 + 18) - 60

180 - 60

= 120

the 120 units sold would be taken from the inventory purchased on the 22nd and 7

(18 x 22) + [(120 - 18) x 20]

396 + 2040 = 2436

7 0
2 years ago
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