Answer:
Evaluation of the price of the basket of goods with time is not accountable for the changes that are made by the customers on the increase in price of a specific good.
Explanation:
Inflation can be defined as the increase in the overall price and it can be measured in terms of CPI, i.e., Consumer Price Index.
CPI is generally measured as the weighted mean of the prices of the goods, basket which is supposedly fixed for two to three years.
In case, the quantity of the sales of the goods increases even if the cost of the goods remains same, the customer will purchase more of these goods and this shows up in the CPI index.
The demand of theses goods may slow down with a rise in the price of these goods where the the basket value remain unchanged resulting in overstate inflation where the customer replaces the goods at high price with that of its competitor with low price.
Answer: Other Financing Uses - Transfers Out.
Explanation: General fund account refers to a system whereby resources are recorded whose use are limited by the provider, government agency, or by law. These accounts do not emphasize profitability rather they emphasize accountability.
With regards to a firms product line, a cost leadership strategy would strive for Focused section of the market while a differentiation strategy would strive for broad cross section of the market.
<h3>
What is Expansion Strategy?</h3>
An expansion strategy can also de defined as a growth strategy. The major concern of business firms is to achieve faster growth, compete, achieve higher profits, grow a brand, capitalize on economies of scale, have greater impact, or occupy a larger market share.
There are basically two types of expansion strategies, they include
- Cost leadership
- Differentiation Strategy.
Learn more about Expansion Strategy at
#SPH1
Answer:
It compare the difference among the actual performance and budgeted performance grounds on the volume of actual sales.
Explanation:
Flexible budget performance report is the report which is used for comparing or analyzing the actual results or outcomes for the period with the budgeted outcomes and it is generated through the flexible budget.
In short, it is that report which is the management report and compares the actual revenues as well as costs for the year with the budgeted revenues as well as costs grounded on the volume of actual sales.
Answer:
$900
Explanation:
The computation of the amount of the overhead allocated is shown below:
But before that the predetermined overhead rate is
As we know that
Predetermine overhead rate is
= Estimated manufacturing overhead ÷ estimated direct labor hours
= $450,000 ÷ $150,000
= $3
Now the overhead allocated is
= 300 direct labor hours × $3
= $900