Answer:
To generate a favorable overall revenue and spending variance, managers must take actions to increase the prices of inputs. Incorrect
Explanation:
For the statement to be termed as correct, it has to be; <em>To generate a favorable overall revenue and spending variance, managers must take actions to protect selling prices, increase operating efficiency, and reduce the prices of inputs.</em>
Answer:
The correct answer is D.
Explanation:
Giving the following information:
The Thomlin Company estimates that total overhead for the current year will be $16,000,000 and that total machine hours will be 200,000 hours.
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 16,000,000/200,000= $80 per machine hour
Option B, Company B uses just in time inventories and produces made to order products as and when customer demand rises.
<u>Explanation:</u>
A cost leader is the business unit that induces the cost increase. Cost driver is any factor that causes an operation price transition.
Examples of cost drivers are: direct work hours of labour.
The analysis of the value chain can assist companies in different ways.
This can create changes within a company, the goods, services and links it offers to other companies and customers. The US Postal Service (USPS) describes that the aim of the assessment of the value chain is to "make value that exceeds the cost and produces gross margin."
Answer:
The lowest selling price Geneva should accept for this purchase order is $20 per unit
Explanation:
Geneva produced dolls with Variable manufacturing costs $20 per unit.
Geneva receives a purchase order to make 5,000 dolls as a one-time event and this order is during a period when Geneva does have sufficient excess capacity.
Fixed cost did not change and there was no Variable selling and administrative costs for this order.
The lowest selling price Geneva should accept for this purchase order = Variable manufacturing costs = $20 per unit
Answer:
Letter A
Explanation:
The main objective of the WTO is to promote the liberalization of world trade, reducing or extinguishing trade and customs barriers to facilitate economic exchanges at the international level. The agreements involve trade in goods, services, and intellectual property.
It is also important to know that currently, the World Trade Organization has 156 member countries.
