He is describing his company’s competitive advantage. This
is the capability of an organization to produce goods or services more successfully
than its competitors, by this means outperforming them. It also allow a company
or country to produce a product or service at a lower price. These conditions let
the productive entity to produce more sales or larger margins than its competition.
Answer:
1. $6.50 per machine hour
2. $920
3. $ 17.69
4. $21.23
5. <u>Pricing methodology - Cost plus Mark -up</u>
- This ensures that the price charged covers all costs related to the product, which is good for maintaining profits.
- However the price does not consider the market demand and competition which might affect sales volumes
Explanation:
<u>Predetermined overhead rate</u>
Predetermined overhead rate = Budgeted Overheads / Budgeted Activity
= $650,000 / 100,000
= $6.50 per machine hour
<u>Total manufacturing cost assigned to Job 400</u>
Direct material $450
Direct labor cost $210
Overheads Applied ($6.50 × 40) $260
Total manufacturing cost $920
<u>Unit product cost for Job 400</u>
Unit product cost = Total Cost / Number of units completed
= $920 / 52 units
= $ 17.6923
= $ 17.69
<u>Selling price if Moody uses a markup percentage of 120%</u>
Selling price = Unit product cost × 120 %
= $ 17.69 × 120%
= $21.23
Answer:
The explanation according to the given circumstance is described below throughout the explanation section.
Explanation:
- Warby Parker announces a brand new approach for purchasing glasses: the opportunity to get elevated accessories shipped to the door at quite a cheap price.
- Individuals post five major social media framework choices to inspire clients and receive supportive input from their loved ones.
- A new sales moment in time structure was perhaps the most critical aspect of developing consumer engagement.
The Offering, The Funding Mechanism, The Employee Management System, and The Customer Management System.
Answer: Purpose is something that influences goal. And objective is the specific action which one try to achieve as a short term plan.
Explanation: