The answer for this question is: the ability to adapt quickly to change<span>
In market-based ecnomy, the government put little to restriction about the decision made by the companies. One positive aspect of this would be that the market could quickly identify what products needed by the market and produce it to fulfill the demand </span>
Katrine works in material planning and control
part of the supply chain.
<u>Explanation:
</u>
Material preparation is a mathematical method used to assess in advance, according to the development schedule, demands for raw materials, additional related components, spares and other items. The whole plan event is a module. The process of product preparation affects several factors.
-
Micro factors: Mainstreaming, rejects, lead times, stock inventory levels, working capitals, power delegations, and interaction constitute some of the micro factors affecting material planning.
- Macro factors: Price dynamics in economic cycles Govt are among the micro factors that impact product planning.
The product quality program will result in the planning and procurement of the goods delivery schedule
.
Answer: $17,000
Explanation:
Labour efficiency variance = Standard rate * (Standard hours - Actual hours )
Standard hours:
= Standard labor-hours allowed per unit * Number of units produced in period
= 3 * 15,000
= 45,000 hours
Labor efficiency variance = 17 * (45,000 - 44,000)
= $17,000 Favorable
<em>Favorable because the standard amount is higher than the actual amount. </em>
Answer:
Predetermined overhead rate
Explanation:
The predetermined overhead rate is the rate that is computed by taking the estimated manufacturing overhead and the same would be divided by allocation factor that could be estimated direct labor, estimated direct hours, etc in order to assign the overhead cost
So according to the given situation, the first option is correct i.e. predetermined overhead rate
Answer and Explanation:
The Preparation of balance sheet is shown below:-
Balance Sheet
Current liability
Long term debt of Current portion $40,100,000
Long term liability
Notes payable $31,900,000
($40,100,000 - $8,200,000)
Total liabilities $72,000,000
So, to reach the total liabilities we simply add the long term debt of current portion with notes payable.
