Answer:
The correct answer is Formal Benchmarking.
Explanation:
The English term "benchmark" comes from the words "bench" (bench, table) and "mark" (brand, sign). In the original meaning of English, the word compound could however be translated as a measure of quality. In other words, benchmarking is a way to determine how well a company performs, compared to others.
In order to be more competitive at present, it is necessary to use benchmarking since it provides strategies that allow identifying the best keys to the company's success, so that by implementing them the organization can be a leading and competitive company in a changing market and global in which business organizations currently have to see each other.
The majority of authors relate benchmarking with competitiveness and business improvement, being "the company" its natural scope. However, the potential benefits of its use make it considered in other areas, such as "public organizations", and at other levels, "sectoral" and "environment" (regional, national and international). This complicates the definition of the concept, since it is a tool that has multiple application possibilities, pursues different objectives in each case, and uses its own methodology in each area.
Answer:
$12,500
Explanation:
Differential revenue = Alternative A revenue - Alternative B revenue
Differential revenue = $75,000 - $62,500
Differential revenue = $12,500
Thus, the differential revenue for this decision is $12,500
Answer:
$91 favorable
Explanation:
Variable overhead rate variance = (Standard variable overhead rate - Actual variable overhead rate) * Actual hour worked
Therefore, we have:
Variable overhead rate variance = ($8.00 - $7.90) * 910 = $91 favorable
Note: the variable overhead rate variance is said to be favorable becasue standard variable overhead rate is geater than the actual variable overhead rate.
Answer:
Given:
Sales budget = 5,900 units
Variable selling and administrative expense = $11.20 per unit
Fixed selling and administrative expense = $131,570 per month
Depreciation = $16,520 per month
Therefore, we'll compute cash disbursements for selling and administrative expenses using the following formula:
<em>Cash disbursements = Variable selling and administrative expense × Sales budget + Fixed selling and administrative expense - Depreciation</em>
Cash disbursements = $11.20 × 5,900 + $131,570 - $16,520
<u><em>Cash disbursements = $181,130</em></u>
The answer is "trade barriers"
