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2 years ago

What is the average production cycle?

Business

1 answer:

Tcecarenko [31]2 years ago

7 0

Answer: Total amount of goods produced/Time of Production = Cycle time.

Explanation: production cycle is generally understood as the period of time during which a company produces a finished product from its stocks, then the reduction of this period of time, especially in comparison with competitors, is an important indicator to determine economic efficiency.

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The purpose of making closing entries is to: Select one: a. Reset the temporary accounts and update retained earnings. b. Enable

Irina18 [472]

Answer:

A. Reset the temporary accounts and update retained earnings.

Explanation:

This is a performed by an organisation in form of transferring data of financial values from temporary accounts and its is been moved to the permanent account. Amidst these, the temporary account is said to balanced in such a way to be zero; because when not done so, the remaining data from the temporary account will be moved to the permanent account.

Process involved in this includes: Closing summaries that belong to income accounts and move to income summary. Also all expense accounts to income summary.

4 0

3 years ago

How does availability of complements act as a value driver?

wariber [46]

Actually the role of complement products is to enhance the satisfaction that is given with the other product. For example, the complement of a loaf of bread would be peanut butter or a strawberry jam. The amount of satisfaction is enhanced when eating bread with peanut butter. Therefore the answer is:

D. complements add value to a product when they are consumed in tandem with it

6 0

3 years ago

predetermined overhead rate on the estimated machine-hours for the upcoming year. At the beginning of the most recently complete

Papessa [141]

Answer:

Total overhead rate = $34.17 per machine hour

Explanation:

The total overhead rate would the sum of the variable overhead rate and the fixed overhead rate

The pre-determined fixed overhead absorption rate = Estimated fixed overhead /Estimated machine hours

DATA:

Estimated overhead - $256,500.

Estimated machine hours - 10,000 machine hours

The pre-determined fixed overhead absorption rate =

$256,500/ 10,000 machine hours = 25.65 per hour

The pre-determined overhead absorption rate = $25.65 per hour

Total overhead rate = Variable rate + Fixed rate

= $8.52 + $25.65 = $34.17

Total overhead rate = $34.17 per machine hour

3 0

2 years ago

Improvement Planning is part of the __________ process:

hoa [83]

Improvement Planning is part of the A.) PROJECT MANAGEMENT process.

Project management process includes initiating, planning, executing, controlling, and closing the work of the team to achieve specific goals based on a specific criteria.

Improvement planning is in the latter part of the project management process wherein it is done after feedback from initial execution is given.

4 0

2 years ago

Monique’s Florals produced a special Mother’s Day arrangement that included eight roses. The standard and actual costs of the ro

Dmitry [639]

Answer:

1. Total flexible budget materials variance $189 Favourable

2. Materials price variance $513 Favorable

3. Materials usage variance $324 Unfavorable

4. Total Variance $189 Favorable

Explanation:

1. Calculation to Determine the total flexible budget materials variance

Using this formula

Total flexible budget materials variance=Standard cost - Actual cost

Let plug in the formula

Total flexible budget materials variance=($ 8.19*900)-($ 7.98*900)

Total flexible budget materials variance=$7,371-$7,182

Total flexible budget materials variance=$189 Favourable

Therefore Total flexible budget materials variance is $189 Favorable

2. Calculation to Determine the materials price variance

Using this formula

Materials price variance=(Standard price -Actual price)*Actual quatity

Let plug in the formula

Materials price variance=($ 0.90 - $ 0.84)*(900*9.50)

Materials price variance=$0.06*8,550

Materials price variance=$513 Favorable

Therefore Materials price variance is $513 Favorable

3. Calculation to Determine the materials usage variance

Using this formula

Materials usage variance=(Standard quatity-Actual quantity)*Standard price

Let plug in the formula

Materials usage variance=[(900*9.10)-8,550]*$ $0.90

Materials usage variance=(8,190-8,550)*$0.90

Materials usage variance=-360*$0.90

Materials usage variance=$324 Unfavorable

Therefore Materials usage variance is $324 Unfavorable

4. Calculation to Confirm the accuracy of Requirements a, b, and c

Materials price variance is $513 Favorable

Less Materials usage variance $324 Unfavorable

Total Variance $189 Favorable

Therefore the accuracy of Requirements a, b, and c is $189 Favorable

8 0

3 years ago