Answer:
Economies of scale
Explanation:
The firm is experiencing economies of scale. Economies of scale result in a decreased average cost of production. Production increases and therefore the fixed cost is distributed more and average fixed cost becomes lesser and lesser as output increases. This leads to a decline in average total cost( As average total cost is the sum of average variable cost and average fixed cost, therefore a decline in average fixed cost leads to a decline in average total cost). This can be seen by an assymptotic average fixed cost for the firm which experiences economies of scale.
The manager is likely using a graphic rating scale when
assessing his employees. The graphic rating scale is a way of having to rate
the traits of an individual and a way of having to quantify the behaviors of
the individuals that are employed.
Answer:
Chain of command promotes employee dependence which decreases accountability
Explanation:
The above statement is false when it comes to transactional leaders and their chain of command. On the contrary, it promotes employee independence which only requires approval from their leaders for any major decision. <em>This on the long run, increases accountability of the said process because, any given error could be easily be traced.</em>
Answer:
D) $235.
Explanation:
As we know that the inventory should be valued at cost or market value whichever is lower
In the given case
Selling price = $340
Net realizable value is
= Selling price - cost of sell
= $340 - $25
= $315
Replacement cost is $235
Cost = $250
As we can see that the replacement cost is less than the cost so the replacement cost should be valued i.e $235
Answer:
The answer is D.
Explanation:
Sales budget is always the primary budget to be prepared. Others can come after sales budget. A sales budget is a financial plan which shows the level or volume of sales the firm is expecting to offer for sale in the future.
It is usually the first budget to be prepared because the level of sales will determine the level of expenditure.
Therefore,
For Budgeted Income Statement - NO
For Direct Labor Budget - NO