1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Compared to other pricing methods, _______________ pricing is relatively simple.
DerKrebs [107]
The answer is cost-based.
8 0
3 years ago
Anthony owns a landscaping business that has 4 employees. His company is able to earn revenue of​ $600 per day. He knows that if
svetoff [14.1K]

Answer:

What is the question?

Explanation:

I suppose that is if it is profitable to hire the new worker, according to microeconomics this decision must be based in something called marginal income and must be compare with the marginal cost because they can increase the income but not the profit depending of the cost of the new worker.

4 0
3 years ago
To maintain a good attitude and high self-esteem, evaluate and follow up only after interviews that were positive experiences,
CaHeK987 [17]

Answer:

The statement is False

Explanation:

The given statement is false because the if a person or an individual wants to maintain a high self esteem and a good attitude, one needs to evaluate or determine the follow up from the after interviews that have negative experiences, not with that interviews that have positive experiences.

As if the person evaluates only positive experience, then the person will become overconfidence which is not good . So, it is important to see both positive experience as well as negative experience.

4 0
3 years ago
Under what conditions could a company artificially increase their current ratio at the end of their accounting reporting period
Lubov Fominskaja [6]

Answer:

1) Prompt Submission of invoice

2) Removal of unnecessary assets

3) Bargain for a longer payment period

Explanation:

Current ratio measures the capability of a business or organisation to meet up to its short-term obligations that are due within a period of one year.

Conditions in which a company can increase its current ratio at the end of their accounting period include:

A) Prompt invoice submission:

Invoice should be submitted early to the customers. The more your accounts receivables increase and the quicker money is derived from your sales,the better your current ratio be and you will have much more money.

B) Removal of unnecessary assets:

All business has unproductive assets. Resources that are just lying there and wasting,resources that is not earning anything. It is advisable to dispose them off since they are not adding to your income.

C) Bargain for longer payment period:

Try and negotiate for a longer payment periods with your vendors and ask if you can be given discounts.

3 0
3 years ago
Assume that the. Top level management team has accepted your recommendation how can their effectiveness be evaluated three month
Alex73 [517]

The correct answer to this open question is the following.

Although the question provides no context or references, we can say that if the top-level management team has accepted your recommendation their effectiveness can be evaluated three months after implementation in the following way.

The recommendation needs to establish some goals that have to be accomplished in the short, medium, and long-range. After the first three months, you establish your exéctations and you should have included your KPIs or Key Performance Indicators in order to do the proper evaluation and knowing if the recommendations were valid or attainable. Lack of goals or KPIs to evaluate the recommendation would end up complicating the evaluation process.

3 0
3 years ago
Other questions:
  • Work-family conflicts can be social or emotional.T/F
    5·1 answer
  • If women really get paid less than men and they are really as much as competent, wouldn't companies hire more women than men sin
    9·2 answers
  • What is the best tips to create a business (im just 14 years old i got interested on profit theres agame where a i profit)(the g
    13·1 answer
  • If Investment Spending does not replace Consumption of Fixed Capital (CFC), then GDP will _________..
    12·1 answer
  • The typical consumer's food basket in the base year 2015 is as follows:
    12·1 answer
  • Which of the following is NOT an example that falls within the four major categories of business environment factors for today's
    9·1 answer
  • Me: Ryan needs help with Accounting as soon as possible. Ryan wrote:
    15·2 answers
  • Why would a producer conduct a marginal analysis?
    5·1 answer
  • Poeple who own operate and take on the financial risk of operating a business are called?​
    14·1 answer
  • 2. Individuals, businesses, and governments make economic decisions by considering two important
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!