Cost allocation can occasionally result in favoritism, with one department receiving significantly more if cost managers care for it more.
This kind of bias can also lead to a number of related problems, like rivalries, competition for resources, and the expansion of departmental requirements and ideas.
What justifies the allocation of support costs?
The management can use the important data that cost allocation provides about how costs are used to make decisions. It helps determine whether the departments or products are profitable enough to justify the costs allocated by displaying the cost objects that account for the majority of the costs.
Which procedure is used to allocate costs to the support department?
There are three ways to divide costs for the support department: the direct, the reciprocal, and the step-down. The assumptions regarding how services provided by one support department are distributed to other support departments are the primary distinctions between the methods.
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Answer:
1. Budget.
2. Financial goals.
3. Competition.
4. Marketing message.
5. Other marketing goals.
6. Brand image goals.
7. Product description.
8. Pricing.
9. Marketing research.
10. Promotional strategies.
Explanation:
1. <u>Budget</u>: The amount you plan to spend on each promotional strategy.
2. <u>Financial goals</u>: The number of sales you plan to have in the next year.
3. <u>Competition</u>: Strengths and weaknesses of other companies that provide similar products.
4. <u>Marketing message</u>: The message about your product's benefits that you plan to convey to your target market.
5. <u>Other marketing goals</u>: The percentage of customers who say they are highly satisfied in your customer profile survey.
6. <u>Brand image goals</u>: The qualities you want to have people associate with your product.
7. <u>Product description</u>: A list of the product's features.
8. <u>Pricing</u>: How the cost of your product will support your brand image and marketing message.
9. <u>Market research</u>: A description of general economic trends and how they are likely to affect the target market.
10. <u>Promotional strategies</u>: Ways you will communicate with your target market.
Answer:
Fewer people, more work. Following the matrix structure, the employees are given more tasks instead of hiring new people. ...
Choose from experts. Following the matrix organizational structure, allows you to choose people for a project from within the organization.
Explanation:
Answer:
The answer is d. tells about economic resources, claims to resources, and changes in resources and claims is useful to investors and creditors in making decisions.
Explanation:
Financial reporting at its core, is a "language". It ensures that the investors and all stakeholders are provided with relevant and accurate information regarding a business or an institution. So that they can take effective and efficient economic decisions that will eventually benefit the entire economy.
The right answer for the question that is being asked and shown above is that: "b. how much to supply, how to produce output, and how much of each input to demand." the three choices that profit-maximizing firms have to make are <span>b. how much to supply, how to produce output, and how much of each input to demand</span>
