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3 years ago

Variance analysis is important to the management because:_____.

Business

1 answer:

Alex_Xolod [135]3 years ago

8 0

Answer:

D. All of the answers are correct.

Explanation:

Given that Variance Analysis is a form of measuring and controlling methods used by a business management team to maintain and monitor the firm's planned cost and sales with the eventual outcome of cost spent and sales generated.

To achieve this, the process helps in determining the disparity between the actual costs of budgeted costs.

It also helps them to know which department is more productive and

It also helps to discover where the problems or difficulties exist in the production process

Hence, in this case, the correct answer is option D, All of the above. Because the option A to C satisfies the answer.

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Say that the average worker in Canada has productivity of $33 per hour while the average worker in the United Kingdom has produc

12345 [234]

Answer:

The answer is: Canadian workers will still have a higher productivity, it will be $0.40 per hour higher.

Explanation:

We can elaborate the following productivity table:

Year Canadian productivity British productivity

0 $33 per hour $29 per hour

1 $33.33 per hour $29.87 per hour

2 $33.66 per hour $30.77 per hour

3 $34 per hour $31.69 per hour

4 $34.34 per hour $32.64 per hour

5 $34.68 per hour $33.62 per hour

6 $35.03 per hour $34.63 per hour

At the end of year 6, Canadian workers' productivity will be $35.03 and British workers' productivity will be $34.63 per hour (Canadian workers will be $0.40 more productive).

6 0

3 years ago

The market for electric cars is growing substantially. By contrast, after recent scandals involving high pollution levels, Diese

aleksklad [387]

Answer:

decline.

Explanation:

The decline stage of the product's life cycle is marked by declining sales and product profitability. Generally, in this phase, the product begins to be replaced by new technologies, becomes outdated and goes into disuse.

It is important for companies to be aware that when entering this phase, the product needs redesign planning, so that improvements are implemented that make it updated to be relaunched in the market and then start another life cycle.

8 0

3 years ago

General Motors operates several divisions in supplying cars, trucks, vans, and SUVs to its customers. Each division engages the

fomenos

Answer: Monopolistic

Explanation: In simple words, monopolistic refers to a structure under which the industry constitutes many producers that sells differentiated products and no one product is the perfect substitute of the other.

In the given case, the firms are few but they are manufacturing slightly different automobiles for the customers so that they can build a brand image and customer loyalty.

Hence from the above we can conclude that the correct option is B.

5 0

4 years ago

During March, the production department of a process manufacturing system completed a number of units of a product and transferr

ANEK [815]

Answer:

Direct Materials EU = 165,000

Direct Labour EU = 144,000

Explanation:

Equivalent Units (Weighted Average Method) = Beginning Goods In process + Units Completed + Ending Goods x % of completion

Direct Materials: 25,000 + 110,000 + 30,000 x 100% = 165,000

Direct Labor: 25,000 + 110,000 + 30,000 x 30% = 144,000

Remember: In the weighted average cost system the units in process at the beginning are count as a full equivalent unit of production.

8 0

3 years ago

Federal express has a(n) ________________ in logistics and customer service, since these are activities it does especially well

andrezito [222]

The answer to this question is that federal express has a core competence. Core competence is the main strenghts or advantages of a business or the company in order for them to become competitive in the market. The concept of Core competency was introduced by Gary Hamel and Prahalad. Core competency is what the business or company can do to their customers and their expertise that is unique that can be valued by the customers.

8 0

3 years ago