The fixed budget indicates sales of $50,000. actual sales were $55,000. The variance is $5,000 favorable.
The variance is a measure of variability. it's far calculated by taking the average of squared deviations from the mean. Variance tells you the diploma of unfold in your information set. The more unfold the data, the larger the variance is in relation to the mean.
In opportunity idea and information, variance is the expectation of the squared deviation of a random variable from its populace imply or sample suggest. Variance is a measure of dispersion, that means it's far a degree of the way a long way a fixed of numbers is spread out from their average price.
Not like variety and interquartile range, variance is a measure of dispersion that takes into consideration the unfold of all information points in a data set. It is the degree of dispersion the most often used, in conjunction with the standard deviation, that is truly the rectangular root of the variance.
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Answer:
Check the following calculations
Explanation:
1. Received an order for 1,000 units
Cost per unit = $46
now
Incremental revenue per widget = $43
Incremental cost per widget: =( Direct material + Direct Labor + Vairable manufacturing overhead) =
$7 + ($15 × 2) + $4 = 41
Incremental profit per unit = 43 - 41 = $2
Total incremental profit = $2 × 1,000 = $2,000
Kasten can make an extra $2,000
2. Cost to buy per widget = $39
Cost to make per widget: = ( Direct material + Direct Labor + Vairable manufacturing overhead) =
$7 + ($15 × 2) + $4 = 41
Incremental savings per widget if purchased =41 - 39 = $2
Total incremental savings if purchased = $2 × 10,000 = $20,000
Thus we can say Kasten will save $20,000 if it buys instead of makes
Answer:
a. True
Explanation:
A manager can be defined as an individual who is saddled with the responsibility of providing guidance, support, supervision, administrative control, as well as acting as a role model or example to the employees working in an organization by being morally upright. Thus, he or she supervises and ensures his subordinates (employees) are working effectively and efficiently with the organization's goals and objectives.
Generally, managers working in international businesses are expected to evaluate the attractiveness of a country as a market or location for a facility or investment before going ahead to the endorse and approve it for any business having long-term plan, goals and objectives in mind.
Some examples of the factors a manager should look out for in determining the attractiveness of a country includes freedom of expression, government policies, power supply, taxation, ease of doing business, climate, etc.
Answer:
C. transactional
Explanation:
In business, maintaining status quo means maintaining the pre-existing structure and culture that exist in the company. Transactional leaders tend to be less innovative , but very strict in enforcing pre-existing rules / conducts.
In order to maintain this status quo, transactional leaders tend to use rewards and punishment.
If an employee is following the company's requirement, that employee will be given rewards (such as bonuses or promotion). If the employee violate the company's rule, that employee will be punished (such as salary cut or firing)
Answer:
1a. For manufacturing company– Buying a local manufacturing company
b. For a financial services company– Partnership
c. A company like Coke or Pepsi– Greenfield Investments
Explanation:
1a. Buying a local company saves valuable resources for the foreign manufacturing, and it allows for quick market knowledge since this company has already been in operations for a long time.
b. A partnership would be best for a financial services company, this would involve a smooth transition into new markets without having to spend much on physical structures as the domestic company is already having necessary infrastructures in place.
c. Coke and Pepsi would preferably choose to use the Greenfield investment strategy by building a new plant from the ground up because of its established quality standards as well as trade mark and intellectual property protection.
2. A technology-centric firm would benefit most by buying a Company because of the already available market share as well as benefiting from reduced government regulations.
3. If one is operating a start-up or smaller firm of course cost would be a major consideration, therefore selling out License to foreign companies may be effective. This would transfer the rights to use a product or service in a different market geography.
4. It provides a good foresight into the requirements needed to enter foreign markets.
