Answer:
$1.5 per pound
Explanation:
The computation of the material price variance is shown below:
Material price variance = Actual Quantity × Actual Price - Actual Quantity × Standard Price
$5,000 = 10,000 pounds × $2 - 10,000 pounds × Standard price
$5,000 = $20,000 - 10,000 pounds × Standard price
So, the standard price would be
= $15,000 ÷ 10,000 pounds
= $1.5 per pound
Answer:
C. A giant mixing container costs twice as much to operate as a small one but can mix 6 times as much dough daily
Explanation:
Economies of scale refers to a state when increase in the output results out of lower average costs. The operation of such a phase results out of, the total cost getting spread over large number of units of production in the long run.
Economies of scale results when the operations of a business expand due to which a firm can buy in bulk, avail more discounts and concessions from the seller for inputs and the efficiency of the labor rises.
In the given case, if the bakery decides to purchase a giant mixing container, it might lead to economies of scale given the fact, with respect to costs, the revenues shall rise more.
Since the giant mixer is capable of mixing six times as much dough daily, it would lead to a reduction in the average cost accompanied by an increase in the output and thereby lead to economies of scale.
Answer:
<u>customer type.</u>
Explanation:
Lockdown Industries sells products to different types of customers, it would be ideal to use a departmental marketing strategy for each type of potential customer. This would benefit from directing strategic communication that is essential for retaining each type of customer the company has, facilitating the optimal approach, retention and capture of new customers.
As the president of the company, at a time when the prices are said to be rising, what is would do is to choose the Weighted average cost.
<h3>Why I would have to choose the Weighted average cost</h3>
This due to the fact that it is going to be more satisfactory to have the lower Bonus bill.
The year end bonus is an amount that is calculated from all of the net income from the year.
A lower net income is only going going to help to bring about a smaller bonus bill.
At a time when the prices are falling, the FIFO is what would be the best choice. It gives a smaller ending cost of inventory since the ending prices are going to be at their lowest.
Read more on FIFO here: brainly.com/question/12883706
The following would be the correct answers in order to match the correct strategy to the risk:
1 - Disability Insurance - A Disability
2. Read all contract before you sign - C Scams
3. Warranty - E Product Failure
4. Homeowner’s Insurance - B An expensive repair to the roof of your house
5. Do not give out personal information - D Identity Theft
