Answer:
C) WIP InventoryWIP Inventory-Finishing
Explanation:
Cost of WIP is transferred through Molding to Coloring to the last process of the production finishing. After completing the finishing the balls are ready and the cost is transferred from WIP InventoryWIP Inventory-Finishing to Finished goods Inventory. So, the correct answer is C) WIP InventoryWIP Inventory-Finishing.
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The fundamental relationship of economic value creation to competitive advantage is that an increase in one will leads to another. Due to that, we can say that other competitors’ economic value creation will decrease. These changes will lead to a relative shift in cost structure and a shift in consumers’ behavior to pay more.
Competitive markets deal with homogenous products and with too many producers and due to that no one producer can create a monopoly. As in monopoly, the market deals with non-homogenous products with single or few producers.
Further descriptions are below here about the relationship between value creation and competitive advantages:
- Fundamental in strategic management
- Provides the foundation upon which to formulate a firm's competitive strategy for cost leadership or differentiation
- A firm has a competitive advantage when it creates more economic value than rival firms.
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Jj's hair salon pays overhead each month, including bills for rent, heat, interest, and salaries. these payments are examples of fixed costs.
When a cost is referred to as fixed cost, it means that it doesn't fluctuate based on how many products or services are produced or sold. Costs associated with a company's operations that must be covered regardless of the company's specific operations are known as fixed costs. Since they don't relate to the creation of any goods or services by a corporation, fixed expenses are therefore typically indirect costs. Typically, a company's overall expenditures are made up of two types of expenses: fixed and variable expenses. In order to lower fixed expenses, shutdown points are frequently used. Contractual clauses or schedules are typically used to establish them.
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