Yes, It was known for a temporary solution of glue... Although it didnt last long... lol
Answer:
either using its low-cost edge to underprice competitors and attract price sensitive buyers in large enough numbers to increase total profits or refraining from price-cutting and using the low-cost advantage to earn a bigger profit margin on each unit sold.
Explanation:
Competitive advantage is the edge that a firm has over others in the same industry that results in higher profit margins for them.
One of the importance competitive advantages is price advantage.
This results from the firm being a low cost leader. Their cost of production is low enough for them to attract customers that are price sensitive leading to increased profits.
Also they can underprice their competitors or earn profit margins on the reduced cost of production per unit
Answer:
B) efficiency versus autonomy
Explanation:
The three parties that make up the service encounter triad are: the organization that provides the service, contact personnel (which are part of the organization) and the customers. For example, in a service encounter that tales place in a movie theater; a contact person (e.g. sales clerk) provides a service (e.g. movie ticket) to a customer.
A lot of physical vendors or clerks are being replaced by automated customer service machines that are cheaper for the company but have limited autonomy. For example, in movie theaters you can get your tickets from a machine, so unless you also buy a soda or candy, you don't need to interact with the sales clerk.
Answer:
<u>Actual Hours = 17450</u>
Explanation:
Krizun Industries
The labor efficiency variance= (Standard Hours allowed for expected Output * standard labor Rate )- ( Standard Hours allowed for Actual Output * standard labor Rate )
Labor Efficiency Variance= (SH* SR)- (AH*SR)
Labor Efficiency Variance= (20 * 875 *24 )- (AH* 24)
$ 1200 - 420000= -(AH*24)
-418800/24=-(AH)
Actual Hours = 17450
Actual Hours per unit = 17450/875= 19.94
Answer:
$1,144,000
Explanation:
The product cost of an item is the total cost incurred in producing that item. This includes cost elements such as direct materials, direct labor and manufacturing overheads.
Hence given that Dixon Company incurred the following costs: direct materials used, $280,000; direct labor, $480,000; manufacturing overhead, $384,000; and selling and administrative expenses, $250,000,
Product cost
= $280,000 + $480,000 + $384,000
= $1,144,000
Dixon's product costs total is $1,144,000