Answer:
In marketing
Explanation:
The Product concept is the understanding of the best features of a product which a marketer wishes to sell. Before a product is sold, it is very important that the marketer gets a proper understanding of the product. This knowledge would help him convince the customer that the product is the best and would actually meet his needs.
For producers, realizing this need of customers would help them focus on making products with superior quality that can as well meet the requirements of customers. These products should also be able to thrive in a very competitive environment.
Answer:
C. Allocation of fixed manufacturing costs are arbitrary at best.
Explanation:
A.- Yes, fixed cost occurs regardless of the level of production, but <em>that is true for every costing method,</em> and some of them do calculate a unit rate for fixed overhead. the statment is partially true
B.- If fixed cost changes with the level of production then, are variable cost, not fixed. Statement is FALSE
C. The allocation of fixed manufacturing costs is arbitrary at best. This is the reasoning for variable costing to consider fixed cost expenses, the method of allocating cost, using a rate always generates a difference in applied and overapplied MO It generates distortions and is not objective, it is based on personal option. The use of direct labor hours, cost or machine hours is evidence of that. TRUE
D.- There is such a cost, like depreciation, but <em>others do incur in cash disbursements,</em> like rent, indirect materials, supervisors, maintenance cost and others.is Statment is FALSE
Answer:
That would be a shortage.
Answer:
$ 158,000
Explanation:
$
35,000 Beggining Balance (BB
) +
145,000 Purchases (P) +
<u> -158,000</u> <u>Consumption</u> (C
) -
22,000 Ending balance (EB
) =
Formulas:
EB= BB + P - C
C= BB + P - EB
<u><em>Material used ( Consumption )</em></u><em> </em><em>=</em><em> Material in Stock </em><em>+ </em><em> Material purchased in the period </em><em>- </em><em> Material remaining at the end of period</em>
Personal circumstances, financial needs, and the type of business.
