Answer:
The optimal method for procuring inputs that have well-defined and measurable quality specifications and require highly specialized investments is the contract.
Explanation:
The contract is signed between the seller and the buyer, and establishes formal and legal terms, and agreed responsabilities. The primary advantages are that firms and buyers are allowed to focus in producing and getting what they need as contracts are used for tangible goods and for rendered services, reducing the opportunistic behaviour and underinvestment.
The CONASUPO, mexican government office, signed a contract with the mexican ranch owners to get all their milk production at low prices to feed the thousands of low income families.
Answer:
The total monthly fixed cost and the variable cost per hour is $1,540 and $23
The average contribution margin per hour is $27
Explanation:
The computation of the fixed cost and the variable cost per hour by using high low method is shown below:
Variable cost per hour = (High Operating cost - low operating cost) ÷ (High service hours - low service hours)
= ($11,200 - $4,300) ÷ (420 hours - 120 hours)
= $6,900 ÷ 300 hours
= $23
Now the fixed cost equal to
= High operating cost - (High service hours × Variable cost per hour)
= $11,200 - (420 hours × $23)
= $11,200 - $9,660
= $1,540
For computing the contribution margin per hour, first we have to compute the revenue per hour which is shown below:
= Revenue ÷ service hours
= $6,000 ÷ 120 hours
= $50
We know that,
The contribution per hour = Revenue per hour - variable cost per hour
= $50 - $23
= $27
Answer:
Explanation:
The journal entries are shown below:
On January 31
Allowance for doubtful accounts A/c Dr $800
To Account receivable A/c $800
(Being the written off amount is recorded)
On January 31
Account receivable A/c Dr $300
To Allowance for doubtful accounts A/c $300
(Being the reverse entry is made)
On March 9
Cash A/c Dr $300
To Accounts receivable A/c $300
(Being the amount is collected)
A.Tammy's little sister starts visiting online chat rooms to make friends
Answer:
True
Explanation:
Statistical process control (SPC) is a method of quality control which employs statistical methods to monitor and control a process. This helps to ensure that the process operates efficiently, producing more specification-conforming products with less waste (rework or scrap).
By implementing statistical process control, the goal of eliminating or greatly reducing costly product recalls is realized. This is done by analyzing manufacturing data as it happens so that problems are stopped as they happen—instead of being caught after deployment.
The aim of Statistical Process Control (SPC) is to establish a controlled manufacturing process by the use of statistical techniques to reduce process variation. A decrease in variation will lead to: better quality; lower costs (waste, scrap, rework, claims, etc.).
