Answer:
Option B. Implement process innovations that lower per unit costs
Explanation:
The reason is that the controlling cost will give cost advantage over the competitors and will let the company to compete at a better platform making greater number of sales and driving maximum sales which will also give economies of scale. Economies of scale is the benefits of additional costs savings that comes with the additional manufacturing of the product which means that greater the manufacturing the greater would be the savings of costs. So economies of scales give competitive advantage over the rivals so the correct option is B.
Calculation of Total Manufacturing Overhead Costs:
Manufacturing overhead costs are indirect costs incurred in relation to the production.
From the given information manufacturing overhead costs shall include factory Utilities $5,000, Indirect labor $ 25,000, depreciation of production equipment $ 20,000
Hence the Total Manufacturing Overhead Costs shall be (5000+25000+20000)=<u>$50,000</u>
Answer: Obey the preferred laws.
Explanation:
A socially responsible company has to be aware of both profit making and adding value to the society they are found in. Therefore a socially responsible company does not need to be Selective to the laws they obey, but rather obey all laws that cover the scope of their business in the society.
Answer:
The answer is option C) Useful for writing a report to shareholders is NOT one of the major reasons for a manager to understand cost behavior.
Explanation:
Cost behavior is observed by the manager to evaluate the changes in cost due to changes in level of output within the organization.
Analyzing cost behavior
- Useful for evaluating divisional performance
- Useful for implementing flexible budgeting
- Useful for conducting break-even and contribution margin analysis
It important for managerial decision making purpose and helps managers would be able to reduce total cost incurred on activities.
Answer:
The correct option is;
Buy low and sell high
Explanation:
To "buy low and sell high" is a market strategy that involves the idea of buying stocks or goods or other financial instruments, when the market value is at the lowest, and sell when the prices are high or at their peak
That is a profit is made when traders buy stocks or goods at a price lower than they sell
The idea to buy low and sell high is aptly applied to stock market trading that have cycles of high and low prices. But it is also very much applicable to real estate and property, as these are more tangible items although they operate sometimes at a smaller scale.
