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algol [13]
3 years ago
7

Sole Purpose Shoe Company is owned and operated by Sarah Charles. The company manufactures casual shoes, with manufacturing faci

lities in your state. Sarah began the business this year, and while she has a great deal of experience in manufacturing popular and comfortable shoes, she needs some help in evaluating her results for the year, and asks for your help.
Sarah’s first questions for you have to do with the general ideas and terminology used to evaluate variances.
Provide answers to the following questions (1)-(3).
Why might Sarah want to use standard costs to compare with her actual costs?
A) Management can evaluate the differences between standard costs and actual costs to focus on correcting the cost variances.
B) Standard costs give management a cost structure for products that is applicable for the entire life of the business.
C) Standard costs allow management to motivate employees by comparing their performance to what it would be under perfect conditions.
Business
1 answer:
grandymaker [24]3 years ago
7 0

Answer:

Sole Purpose Shoe Company

The reason for Sarah to want to use standard costs to compare with her actual costs is:

A) Management can evaluate the differences between standard costs and actual costs to focus on correcting the cost variances.

Explanation:

Standard costs provide a control technique for evaluating the Sole Purpose Shoe Company's performance at three levels: a standard performance level, a measure of actual performance, and a measure of the difference (variance) between standard and actual costs.  Sarah will use the variance resulting from the comparison of standard costs with actual costs to measure the non-financial performance of the entity.

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Anit [1.1K]

Answer:

B. IT'S SHOWN AS A DEBIT MEMO

Explanation:

A bank creates a debit memo when it charges a company a fee on its bank statement, thereby reducing the balance in the company's checking account. Thus, if a bank account has a balance of $1,000 and the bank charges a service fee of $50 with a debit memo, the account then has a remaining balance of $950. Examples of charges that can cause debit memorandums are bank service charges, bounced (not sufficient funds) check fees, charges for the printing of check stock, and rental fees for the use of remote deposit capture scanners and software

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Cynthia always buys whichever brand of paper towels is on sale, even if it is not the highest quality towel. her paper towel buy
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Single feature model

In this case, the single feature that Cynthia cares about is price. The single feature model works well for simple decisions, but most purchases require more thought. For example, buying a house based solely on price would be a terrible idea because it might be in a bad neighborhood or terrible condition.

6 0
3 years ago
Manufacturing overhead was estimated to be $562,800 for the year along with 20,100 direct labor hours. Actual manufacturing over
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Answer:

$604,800

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