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2 years ago

The sum of the explicit and implicit costs incurred in the production process is called

Business

1 answer:

agasfer [191]2 years ago

6 0

The sum of the explicit and implicit costs incurred in the production process is called total cost

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Sending your boss a christmas card after he had first sent you one would best be seen as an example of

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Giving back.
Copying.
Returning a favor.

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3 years ago

Which is not a characteristic of Lean production: 1. There are frequent, small deliveries 2. Suppliers are treated as partners t

olchik [2.2K]

Answer:

The incorrect statement is number (3): Workers are viewed like machinery, needed to get the job done, nothing more.

Explanation:

Lean production or Lean Manufacturing is a method of work organization that focuses on the continuous improvement and optimization of the production system by eliminating waste and all activities that do not add any value to the process. Its main purpose is to minimize the losses that arise in any manufacturing process and implement only those resources that are relevant.

<em>Lean production aims to boost employees' efficiency not necessarily automating their duties.</em>

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3 years ago

CVP analysis—what-if questions; sales mix issue Miller Metal Co. makes a single product that sells for $32 per unit. Variable co

Lilit [14]

Answer: See explanation

Explanation:

a. Calculate the number of units that must be sold each month for the firm to break even.

Breakeven units = Fixed cost / Contribution margin per unit

= $47600 / ($32 - $20.80)

= $47600 / $11.20

= 4250 units

b. Calculate the margin of safety and the margin of safety ratio.

Margin of safety = $418000 - ($32 × 4250)

= $418000 - $136000

= $282000

Margin of safety ratio = $282000/$418000 = 0.68

c. Calculate operating income if 7,000 units are sold in a month.

= [($32 - $20.80) × 7000] - $47600

= $78400 - $47600

= $30800

d. Calculate operating income if the selling price is raised to $47 per unit, advertising expenditures are increased by $8,000 per month, and monthly unit sales volume becomes 7,600 units.

Sales = 7600 × $47 = $357200

Less: Variable cost at $20.8 = $158080

Contribution = $199120

Less: Fixed cost = $47600

Less: Advertising expense = $8000

Operating income = $143520

3 0

3 years ago

Free Trade Agreements promote which of the following?

Y_Kistochka [10]

Answer:

I beleive all of these would be the answer sorry if I am incorrect

Explanation:

8 0

3 years ago

Coca-Cola implemented enterprise software from Oracle that enabled it to achieve all of the following except: standardizing busi

soldi70 [24.7K]

Coca-Cola implemented enterprise software from Oracle that enabled it to achieve all of the following except reducing the number of employees. Thus the correct answer is D.

<h3>What is Oracle?</h3>

Oracle is a type of software developed as the most flexible and economical method of managing data and applications. Oracle Database created for corporate distributed systems.

The software used in coca-cola enables the organization to improve the business process with the help of standardization. It enables them to respond to market changes that took place immediately and make implementation based on current trends.

It helps them to reduce the cost of raw materials by properly bargaining with the suppliers and bringing material in an economic manner.

Therefore, option D reducing the number of employees is the appropriate option that is excluded by the software.

Learn more about software, here:

brainly.com/question/26649673

#SPJ1

7 0

1 year ago