The actual quantity is 21,600, Direct material price variance is $6,480, Standard quantity is 21,600, Direct material quantity variance is 0, Direct labor rate variance is $5520, Direct labor efficiency variance is $4320.
Give a brief account on Variance analysis.Comparison of budgeted data and actual performance is part of variance analysis. This offers crucial feedback for enhancing business performance in the future. Depending on whether budgeted targets are met, variations are typically categorized as favorable or unfavorable.
To solve the question :
Requirement : 1
a. Actual quantity :
Given:
Number of the units = 12,000
The standard quantity per unit = 1.80
The actual quantity
= (Number of the units × standard quantity)
=12,000 × 1.80
= 21,600
b.Direct material price variance.
Given,
Standard price = $3.00
Actual price = $3.30
Direct material price variance
= (actual - standard price) × actual quantity.
= ($3.30−$3.00) × $21,600
= $6,480 Unfavaourable
c. Standard quantity :
Given,
Number of the units = 12,000
The standard quantity per unit = 1.80
= (Number of the units × standard quantity per unit)
= 12,000 × 1.80
= 21,600
d. Direct material quantity variance :
Given,
Actual quantity = 21,600
Standard quantity = 21,600
Standard price = $3.00
Direct material quantity variance
= (Actual quantity - Standard quantity) × Standard price
= (21,600 − 21,600) × $3.00
= $0.00
e. Direct labor rate variance.
Given,
The actual hours ( 0.92 × 12,000 ) = 11,040
The actual rate per hour = $17.50
The standard rate per hour = $18.00
Direct labor rate variance
= (actual hours × actual rate per hour) - ( actual hours - standard rate per hour)
= (11,040 × $17.50) − (11,040 × $18.00)
= $5,520 Favourable
f. Direct labor efficiency variance.
Given,
The standard rate per hour = $18.00
The actual hours ( 0.92 × 12,000 ) = 11,040
The standard hours ( 0.90 × 12,000) = 10,800
Direct labor efficiency variance
= (standard hours × standard rate per hour) - ( actual hours - standard rate per hour)
= (10,800 × $18.00) − (11,400 × $18)
= $4,320 Unfavourable
g. Variable overhead rate variance.
Given,
The actual labor hours ( 0.92 × 12,000 ) = 11,400
The standard rate per hour = $5.00
The actual rate per hour = $4.50
Variable overhead rate variance :
= ( actual labor hours × standard rate per hour) - ( actual labor hours × actual rate per hour)
= (11,400 × $5.00) − (11,400 × $4.50)
= $5,520 Favourable.
h. Variable overhead efficiency variance.
Given,
The actual hours ( 0.92 × 12,000 ) = 11,040
The standard hours ( 0.90 × 12,000) = 10,800
The standard rate per hour = $5.00
Variable overhead efficiency variance
= (actual hours × standard rate per hour) - ( standard hours × standard rate per hour)
= (11,400 × $5.00) − (10,800 × $5.00)
= $1,500 Unfavourable.
Requirement 2 :
This time, we will determine the indirect effect of the $0.08 extra unit cost over the calculation of spending variances. The unfavourable direct material price variance is $6,480. The variation in the direct material quantity is $0.00. The $6,480 unfavourable differences in direct material spending.
The favourable direct labor rate variance is $5.520. The $4,320 unfavourable direct labor efficiency variance. The variations in direct labor costs are favourable by $1,200. The favourable variable overhead rate variance is $5,520. The $1,500 unfavourable variance in overhead efficiency. The favourable variable overhead variances total $4,020.
The $1,260 in unfavourable spending variances total. The total spending variations are $1,260 unfavourable as a result of the unfavourable material spending variances.
The $0.08 primary effect is therefore on the material spending variances.
Requirement 3 :
Inefficient use of the labor time :
Given,
The actual hour per item = 0.92
The standard hours = 0.90
The number of units = 1,200
Inefficient use of labor time
= (number of units × (actual hour per item - standard hours))
= (1,200 × (0.92 − 0.90)
= 240
Conclusion :
The total variations are negative because of the material spending variances, even if the $0.08 additional unit cost represents only 0.3% of the unit pricing. Although there are positive labor variations, 240 hours of labor time are used inefficiently.
As a result, the indirect harm caused by the $0.08 extra unit cost is as follows:
as a result of the variancesin the ineffective use of labor hours.To know more about, variance analysis, visit :
https://brainly.com/question/22851332
#SPJ1
A contingency plan for systems critical to a large organization would be ______ than that for a small business.
A contingency plan for structures vital to a huge enterprise could be larger than that for a small enterprise.
The required details about contingency plan is mentioned in below paragraph.
Contingency plans is described as a route of movement designed to assist an enterprise reply to an occasion which could or might not happen. Contingency plans also can be cited as 'Plan B' due to the fact it is able to paintings as an opportunity movement if matters do not cross as plannedA contingency plan is a route of movement designed to assist an enterprise reply successfully to a enormous futureincident, occasion or state of affairs which could or might not happen.
A contingency plan is occasionally cited as "Plan B" or a backup plan due to the fact it is able to additionally be used as an opportunity movement if predicted consequences fail to materialize. Contingency plans is a part of enterprise continuity (BC), catastrophe restoration (DR) and hazard management. Contingency plans and generation DR plan improvement are intently associated concepts. The National Institute of Standards and Technology (NIST) preferred for IT catastrophe restoration making plans includes contingency in its title.
To learn about contingency plan visit here.
https://brainly.com/question/939242
#SPJ4
The product line manager's $60,000 salary is avoidable as is the $20,000 of advertising. Of the administrative expenses, $10,000 is avoidable. The rest are general allocated expenses that will not change if the product is dropped. The rent expense is allocated to product lines based on sales and represents a share of the total cost for the building. If this product line is dropped, what will happen to the company's overall net income?
There will be a $34,000 drop in overall net income. The $124,000 contribution margin will be forfeited by the business. Only $90,000 of a fixed costs (salary, advertising, and administrative expenses) are avoidable, resulting in a $34,000 decrease in net income.
The contribution margin is what?The total amount of revenue left over after overhead expenses to pay for fixed costs and turn a profit for the business is shown by the contribution margin, according to Knight. This could be viewed as the component of sales which helps to cover fixed expenses.
Contribution margin: Is it profitable?While contribution margin is indeed the amount of revenue left over after deducting variable costs from revenue, gross margin is the profit that remains after the cost of goods marketed from revenue.
To know more about contribution margin visit:
https://brainly.com/question/29534784
#SPJ4
According to Drew Conway data science Venn diagram, what elements make up data science?
Select an answer.
Answer:
Substantive,expertise,hacking skills and math & statistics knowledge
What is the proper course of action if a phone number in an advirtisment does not appear valid
Tricky or deluding notices are confined under different regulation including the Buyer Assurance Act, 1986; the Digital Telecom company Rules, 1994; the Standards for Columnist Direct gave by the Press Chamber of India Act, and the ASCI Code.
What is the brilliant rule of promoting?
In the present showcasing, the Brilliant Rule requests that you center around your needs, requirements, and points of view. In any case, the best advertising out their centers around your crowd's needs, necessities, and viewpoints.
For what reason is it vital to assess adequacy of promoting?
Promotion viability is an imperative procedure for brands hoping to comprehend the effect of their promotions on the crowds they need to impact. It assists companies with really figuring out the compass of their missions so they can zero in on the components that were fruitful and apply them to future endeavours.
What are the fundamental of a compelling testing of publicizing adequacy?
To quantify the promoting viability, we should have the option to assess every one of the parts of the correspondence components. These are the Source, Message, Media and Financial plan. It must be seen whether the source is powerful and the way that the objective market will answer it.
Learn more about advertising here:
https://brainly.com/question/1658517#:~:text=Expert%2DVerified%20Answer&text=The%20general%20purpose%20of%20advertising%20is%20to%20create%20awareness%20about,come%20to%20your%20great%20help.
#SPJ1
Travel and tourism spending brings in additional _______ to a community, which may be used to benefit area schools, community housing, local hospitals, and more.
Travel and tourism spending brings in extra taxes to a network, which can be used to advantage region schools, network housing, neighborhood hospitals, and more.
The required details about taxes is mentioned in below paragraph
Taxes are obligatory contributions levied on people or businesses through a central authority entity—whether or not neighborhood, regional, or national. Tax sales finance authorities activities, together with public works and offerings together with roads and schools, or packages together with Social Security and Medicare.A tax is a obligatory monetary price or a few different kind of levy imposed on a taxpayer (an character or prison entity) through a governmental organisation that allows you to fund authorities spending and various public expenditures (regional, neighborhood, or national),and tax compliance refers to coverage moves and character behaviour geared toward making sure that taxpayers are paying the proper quantity of tax on the proper time and securing the perfect tax allowances and tax reliefs.The first recognized taxation happened in Ancient Egypt round 3000–2800 BC. A failure to pay in a well timed manner (non-compliance), in conjunction with evasion of or resistance to taxation, is punishable through law. Taxes consist of direct or oblique taxes and can be paid in cash or as its exertions equivalent.
To learn about taxes visit here.
https://brainly.com/question/25783927
#SPJ4
this is the most common third-party intervention, and negotiators surrender control over the process while maintaining control over outcomes. is the meaning of _____
This is the most common third-party intervention, and negotiators surrender control over the process while maintaining control over outcomes. is the meaning of Meditation.
What is the name of the procedure that involves using a third party to listen, talk, and make an effort to assist the disagreeing parties in coming to a resolution?When two parties work together to discuss and try to resolve a legal issue, it is referred to as mediation. A mediator is a third party who is impartial in the situation. The goal of voluntary mediation is to come to a consensus.
An unbiased third person helps opposing parties resolve dispute via the use of specialized communication and negotiation strategies in mediation, which is a structured, interactive process.
To know more about third-party intervention, refer:
https://brainly.com/question/15252142
#SPJ4
Initial investment at various sale prices Edwards Manufacturing Company (EMC) is considering replacing one machine with another. The old machine was purchased 3 years ago for an installed cost of $10,000. The firm is depreciating the machine under MACRS, using a 5-year recovery period. (See table LOADING... for the applicable depreciation percentages.) The new machine costs $23,900 and requires $2,070 in installation costs. The firm is subject to a 40% tax rate. In each of the following cases, calculate the initial investment for the replacement. a. EMC sells the old machine for $12,400. b. EMC sells the old machine for $7,000. c. EMC sells the old machine for $2,900. d. EMC sells the old machine for $1,520.
a) If Edwards Manufacturing Company (EMC) sells the old machine for $12,400, the initial investment is $13,500.
b) If Edwards Manufacturing Company (EMC) sells the old machine for $7,000, the initial investment is $18,900.
c) If Edwards Manufacturing Company (EMC) sells the old machine for $2,900, the initial investment is $23,000.
d) If Edwards Manufacturing Company (EMC) sells the old machine for $1,520, the initial investment is $24,380.
What is the initial investment for a replacement asset?The initial investment for a replacement asset can be determined by adding the cost of the equipment to the installation costs of the new equipment and subtracting the sale proceeds of the old machine being replaced.
The cost of the old machine = $10,000
Period of use = 3 years
Accumulated depreciation based on the 5-year MACRS = $7,120 ($10,000 x 71.2%)
Book value = $2,880 ($10,000 - $7,120)
Cost of new machine = $23,900
Installation cost = $2,070
The total installed cost of new machine = $25,900 ($23,900 + $2,070)
a) Old machine sold for $12,400
Initial investment = $13,500 ($25,900 - $12,400)
b) Old machine sold for $7,000
Initial investment = $18,900 ($25,900 - $7,000)
c) Old machine sold for $2,900
Initial investment = $23,000 ($25,900 - $2,900)
c) Old machine sold for $1,520
Initial investment = $24,380 ($25,900 - $1,520)
Learn more about the initial investment for a replacement asset at https://brainly.com/question/29512956
#SPJ1
Question Completion:MACRS 5-year Declining Method:
Year Depreciation Rate
1 20%
2 32%
3 19.20%
4 11.52%
5 11.52%
6 5.76%
what is The principle that describes how a change in a property affects the overall property value?
The principle that describes how a change in a property affects the overall property value is know as principle of contribution.
Write a short note on principle of contribution.This is what some of texts could refer to as the marginal contribution principle. The value of an improvement is determined by what it adds (or contributes) to the market value of the total property, not by how much it cost to install the improvement, according to the concept of contribution. When considering whether to make improvements to ones already made, this is a crucial consideration.
The common misconception among real estate buyers is that if they spend money making improvements to their home, the market worth of the home will increase by the amount of the improvement. For instance, a lot of people have remodeled their homes or added swimming pools because they think that these additions will greatly increase the market value of their homes. This isn't always the situation.
To know more about, real estate, visit :
https://brainly.com/question/10336196
#SPJ1
The auditors have a responsibility to report on all FASB-required supplementary information for publicly-traded companies.a. Trueb. False
The auditors have a responsibility to report on all FASB-required supplementary information for publicly-traded companies. This statement is true.
WHAT is the auditor's duty for additional information?In order to support their assessment of whether the supplemental information is fairly stated in all material aspects in relation to the financial statements as a whole, the auditor should carry out audit procedures to gather the necessary audit evidence.
Financial statements are often where this information comes from. If such necessary supplemental information is obtained from audited financial statements and is included in a document that the auditor has filed, it may be reported on as described in the following paragraph.
To know more about audit, refer:
https://brainly.com/question/14652228
#SPJ4
How to calculate expected return on portfolio: A portfolio is comprised of 50% COLA and 50% GAS. Expected return on COLA is 2.1% in the next year and expected return on GAS is 0.8%. The expected return on the portfolio is
Please show all work and all of the steps necessary.
Expected return on COLA exists 2.1% in the next year and expected return on GAS exists 0.8% then the expected return on the portfolio exists 1.45%.
What is meant by expected return?Expected return is the overall sum of money they anticipate to benefit or lose on a selected funding or portfolio. Investors typically use the expected return to assist them makes key choices on whether or not to spend money on new automobiles or hold to maintain directly to their present investments.
The expected return is usually primarily based totally on historic returns. As such, it would not suggest the capability for destiny overall performance and should not be used because the handiest decision-making tool. This metric can, however, provide traders an inexpensive expectation of what they'll anticipate within side the short- and long-run.
Here, we have, Asset 1 = COLA with weight = 50%
Expected Return = 2.1%
Asset 2 = GAS with weight = 50%
Expected Return = 0.8%
Let the equation be,
Expected Portfolio Return = (Asset 1 Weight × Expected Return) + (Asset 2 Weight × Expected Return)
Putting the values in the formula, we get
= (50% × 2.1%) + (50% × 0.8%)
= 1.45%
Therefore, the expected return on the portfolio is 1.45%
To learn more about expected return refer to:
https://brainly.com/question/21800670
#SPJ4
which of the following statements least likely represents a characteristic of the time-weighted rate of return? it is:
a. not affected by the timing of cash flows
b. used to measure the compound rate of growth of $1 over stated measurement period
c. defined as the internal rate of return on an investment portfolio, taking into account all inflows and outflows
Least likely represents a characteristic of the time-weighted rate of return c. defined as the internal rate of return on an investment portfolio, taking into account all inflows and outflows.
What is your investment's internal rate of return?The predicted yearly rate of growth from an investment is known as the internal rate of return (IRR). Similar to how net present value (NPV) is determined, IRR does so by setting NPV to zero.
The internal rate of return (IRR) measures how much money a project will make over time to make up for its initial expenditure. It is accomplished when the project's Net Present Value (NPV) is equal to zero. A profitable investment opportunity is indicated by an IRR greater than the discount rate.
To know more about internal rate of return, refer:
https://brainly.com/question/13891189
#SPJ4
1- Explain with examples Noodles & Co.’s current business strategy.
Having a sound restaurant strategy plan considerably improves your capacity for original thought and thinking outside the box. The standard of the cuisine, the setting, the service, and the presence on social media are just a few of the numerous factors that must be taken into account when creating a company plan.
What is Business?
An organization or entrepreneurial entity engaging in commercial, industrial, or professional activity is referred to as a business. A business's goal is to coordinate some form of economic output (of goods or services). Businesses can be for-profit corporations or nonprofit organizations working to further a social cause. Businesses vary in size and scope from small, local enterprises to enormous, global conglomerates.
Business planning is frequently necessary before activities can start. A business plan is a formal document that specifies the strategies and plans the firm will use to accomplish its goals and objectives. When you want to borrow money to start your business, you must have a strategy.
To learn more about Business follow the link.
https://brainly.com/question/15826604
#SPJ1
The top-level executive task of crafting a diversified company's overall or corporate strategy includes which one of the following? Choosing the specific resources and competitive capabilities that each different one of the company's businesses must develop and strengthen in order to successfully pursue competitive advantage Pursuing opportunities to leverage cross-business value chain relationships and strategic fits into competitive advantage. Crafting a competitive strategy for each of the company's different businesses to employ (the same strategy is usually not optimal for each and every business the company is in) Determining whether it makes more sense to combine and merge all of the company's businesses into a single unified operation or to operate them as separate stand-alone divisions Identifying the most cost-efficient value chain for each of the company's businesses to implement
The correct answer will be Choosing the most appropriate value chain for each of the company's businesses.
They comprise abilities like organisation, task planning, task beginning, time management, and focus. It's useful to think of them as life skills because they form the basis of our ability to successfully complete projects and achieve our objectives.These abilities are essential for learning and growth. Additionally, they encourage good behaviour and let us choose what is best for our families and ourselves.Workplace memory, cognitive flexibility, and inhibitory control are the three components of executive function.Executive functions are a group of cognitive processes that are essential for the cognitive control of behaviour, according to cognitive science and neuropsychology.Therefore, selecting the best value chain for each of the company's businesses will be the correct response.
Learn more about executive functioning here: https://brainly.com/question/7235701
#SPJ4
jimmy owns several dry cleaners. he makes a profit every year and pays his people well, but it is also important to him that he give back to the community. jimmy donates free dry cleaning to people in temporary and transient housing and he uses environmentally safe materials to clean the clothes. jimmy is most demonstrating
The right answer is Option A. Mike is most demonstrating as a community stakeholder because he is running his business more business-minded and does not give back to the community. Therefore, he has a stake (Loan) in the community over his head.
According to the definition of the term "stakeholder" in a 1963 internal Stanford Research Institute paper, a stakeholder in a corporation is a member of "groups without whose support the organization would cease to exist."
A community is a social unit (a collection of living beings) that shares factors like geography, traditions, beliefs, values, or identity. Communities situated in a certain location may have a sense of place.
To learn more about stakeholders
https://brainly.com/question/28625232
#SPJ4
Suppose that in 2020, the producer price index increases by 2 percent. As a result, economists most likely will predict that
Select one:
a. GDP will increase in the next year.
b. the exchange rate will increase in the future.
c. the consumer price index will increase in the future.
d. next year the producer price index will fall.
Typically, an increase in the PPI indicates that inflation is imminent. At some point, producers will attempt to pass on price increases to consumers. The Consumer Price Index can shift in response to a shift in the PPI.
In 2020, what will be the formula for the Consumer Price Index?
An illustration of the CPI formula is the amount of $8.50 for 2020 products. At the point when you partition the ongoing item cost complete by the past cost absolute, your condition is 8.50/6.75 = 1.26. After that, you would divide this total by 100, which would give you 125.9: 1.44 x 100.
What occurs when the consumer price index rises?
When the Consumer Price Index (CPI) moves up, it indicates that prices have changed more frequently on average over time. This eventually results in adjustments to income and the cost of living (presumably to meet a higher cost of living). This interaction is alluded to as indexation.
To learn more about Consumer Price Index here
https://brainly.com/question/4513076
#SPJ4
(Figure: A Money Market) The accompanying graph shows the money market in equilibrium at an interest rate of r2. Holding money supply constant, which of the following might cause the interest rate in the market to decrease to r1?
There is a recession that decreases real GDP. There is a significant increase in the stock market. The price level rises. Population increases.
The following might cause the interest rate in the market to decrease to r1. There is a recession that decreases real GDP. Option 1.
What is meant by money market?Banks, money managers, and retail investors can typically make secure, liquid, short-term investments through money markets, and borrowers including banks, broker-dealers, hedge funds, and non-financial firms can get low-cost capital through them.
The prime money fund, government money fund, treasury fund, and tax-free fund are among the several money market fund varieties. Because they are completely backed by the government's credit, treasury assets typically carry the lowest level of risk.
Large financial organizations can borrow and lend money on the money market, a short-term money market, at interbank rates. In the call money market, loans are typically only available for a week or less.
Read more on the money market here:https://brainly.com/question/1305875
#SPJ1
the crowding-out effect refers to the possibility that multiple choice the asset demand for money varies inversely with the interest rate. deficit financing will increase the interest rate and reduce investment. when used simultaneously, expansionary fiscal and monetary policies are counterproductive. an increase in the supply of money will result in a decline in velocity.
The crowding-out effect refers to the possibility that deficit financing will increase the interest rate and reduce investment.
What is crowding-out effect?
Crowding out is a phenomena in economics that happens when growing government participation in a market economy sector significantly impacts the rest of the market, either on the supply or demand side of the market.
When expansive fiscal policy results in less private sector investment spending, this is one form that is commonly debated. Government expenditure "crowds out" investment since it requires more loanable money, raising interest rates in the process and lowering investment spending. This fundamental examination has been expanded to include a number of channels, which might result in a little or even negative impact in the overall output.
Other economists use the term "crowding out" to describe the government supplying an item or service that would otherwise be available to private enterprise and be subject exclusively to the market dynamics found in voluntary trade.
The term "crowding out" is often used by behavioral economists and other social scientists to characterize a drawback of solutions based on private trade: the displacement of intrinsic motivation and prosocial norms as a result of the financial incentives of voluntary market exchange.
To learn more about the crowding-out from the given link
https://brainly.com/question/25589179
#SPJ4
the crowding-out effect refers to the possibility that multiple choice the asset demand for money varies inversely with the interest rate. deficit financing will increase the interest rate and reduce investment. when used simultaneously, expansionary fiscal and monetary policies are counterproductive. an increase in the supply of money will result in a decline in velocity.
manager is intrigued as to why some employees seem to derive joy from work and get energized by it, while others find it troublesome and frustrating. Indicate how the researcher should proceed in regard to the following:[6*2=12 marks] a. Type of research question (exploratory, descriptive, or causal). b. The extent of researcher interference. c. The study setting. d. The research strategy. e. The time horizon for the study. f. The unit of analysis
Scenario 1 A specific department within an organization has a high turnover rate; employees of this department have a shorter average tenure than those of other departments in the company.
Why Managers Ignore Employees’ Ideas?
Organizations innovate and perform better when employees share original ideas and raise issues or difficulties. Employee feedback can significantly aid managerial decision-making because they frequently are the first to notice problems on the front lines.
However, supervisors do not always support employees' suggestions. They may even purposefully ignore employee complaints and behave in a manner that deters employees from raising any issues in the first place.
According to a large body of recent study on the subject, managers are typically mired in their own ways of doing things and identify so deeply with the status quo that they are afraid to listen to feedback that is contradictory from below. They frequently work in settings where they lack the independence to make changes.
To learn more about Employees’ Ideas refer to:
https://brainly.com/question/13753685
#SPJ4
when a minor posting at a business allows minors to be on the premises until 9:00 pm, at 9:00 pm minor employees and minor service permittees who are on duty: must call their manager at 9:00 pm for a ride home must not be involved in the sale or service of alcohol but can continue to restock supplies, set and clear tables and deliver food must stop working but can sit at the bar may continue to take orders for food and alcohol after 9:00 pm
When a minor posting at a business allows minors to be on the premises until 9:00 pm, at 9:00 pm minor employees and minor service permittees who are on duty must call their manager at 9:00 pm for a ride home
A work schedule refers to the daily and weekly working hours that are specified in an employee's employment contract. The hours an employee works have an impact on their wages, obligations, benefits, and legal obligations. To accommodate your extended hours, you may either construct a general timetable for your staff members or assign them to shifts.
To learn more about minor employees refer here:
https://brainly.com/question/28528068
#SPJ4
patagonia is considering the sales of a sweater for the winter season. the sweater will be sold for only one season. the company has plans to sell each sweater at $220, and it purchases the sweaters from its supplier at $120 per unit. the company knows that it can salvage any leftover sweaters at $80 at outlet stores. based on the experience of previous seasons, experts at the company are predicting the sales to range between 3,000 and 8,000 with the associated probabilities:
The company are predicting the sales to range between 3,000 and 8,000 with the associated probabilities is 8000 when probability is 0.85.
Cu is equal to 140 minus 70, which equals 70.
Co = Salvage Value - Purchase Price = 70 - 50 = 20
Level of Service = Cu/(Cu + Co)
Level of Service = 70/90
77.78% of the service level is 0.7778.
The demand information and corresponding cumulative likelihood are shown below.
Compound Probability
Demand Probability Cumulative Probability
4,000 0.1 0.1
5,000 0.15 0.25
6,000 0.25 0.5
7,000 0.2 0.7
8,000 0.15 0.85
9,000 0.15 1
We must find the demand level that corresponds to the cumulative probability that is just little higher than the service level 77.78%. Nest higher to 77.78% is 85% from above (or 0.85).
Demand equals 8000 when probability is 0.85.
Consequently, the ideal order size is 8000.
To know more about Probability visit:
https://brainly.com/question/29381779
#SPJ4
By considering the options available to each actor in a certain social situation, ________ is used when studying strategic decision making.
By considering the options available to each actor in a certain social situation, game theory is used when studying strategic decision making.
What is game theory?The study of mathematical models of strategic interactions between rational beings is known as game theory. It has uses in computer science, logic, systems science, and all branches of social science.
A framework for understanding decision-making among competing players is provided by game theory. When faced with independent and rival actors in a strategic environment, game theory can guide participants to the best course of action. One of the most well-known applications of game theory is The Prisoner's Dilemma.
Read more on game theory here: https://brainly.com/question/14226674
#SPJ1
if the electric utility is forced to charge a price that leads to economic losses, it would go out of business, and consumers would have no electricity. to avoid this, the government has several possible solutions at its disposal. assuming the government still wanted to maintain some protection for consumers, which of the following is not a possible solution?
A. The government could own and operate the electric utility.
B. The government could allow the electric utility to operate as an unregulated firm.
C. The government could subsidize the losses the utility would earn if it (the utility) charged $7.
D. The government could set the regulated price equal to average cost so that the firm breaks even.
The following is not a possible solution is :
The electric utility could be owned and run by the government.
What is meant by economic losses ?Any monetary loss caused by harm is referred to as a "economic loss," which includes missed income or other employment-related benefits, medical bill losses, losses from replacing services, losses from fatalities, etc., burial costs, and lost business or employment opportunities), to the extent that compensation for such losses is possible.
The difference between a product's sales earnings and the costs of all inputs used, as well as any opportunity costs, is what is known as an economic profit or loss. Realized revenues are deducted from opportunity costs and explicit costs to determine economic profit.
The cost of market inefficiency, which happens when supply and demand are out of balance, is known as a deadweight loss.
To learn more about economic loss refer to :
brainly.com/question/20314608
#SPJ4
When performing sales and operations planning, companies can aggregate products or services but not members of their workforce. True or False.
False. Sales and operations planning (S&OP) is a process that helps companies to effectively manage their resources.
It involves the alignment of sales, production, and inventory objectives to support the overall business objectives. It is a process that looks at current and future business conditions and helps to coordinate activities across the entire organization.
Companies can use S&OP to aggregate both products and members of their workforce. The aggregate data can then be used to make decisions regarding production, inventory, and resource allocation. This helps to ensure that the company’s resources are being used to their fullest capability.
With S&OP, companies can make sure that they are meeting customer demand and that their workforce resources are being properly utilized.
For more questions like Sales and operations click the link below:
https://brainly.com/question/14104642
#SPJ4
we distinguish between ______ income and _____ income because receiving a salary increase Is better not getting one, but the additional dollars may not allow you to buy as many goods and services as last year, due to inflation
we distinguish between nominal income and real income because receiving a salary increase Is better not getting one, but the additional dollars may not allow you to buy as many goods and services as last year, due to inflation.
What is difference between nominal income and real income?
Real income and nominal income are distinct from one another because real income accounts for the effects of inflation, whereas nominal income does not.
The term "nominal income" refers to an individual's actual earnings during a specific time period, such as a month or week, which are not affected by inflation and are fixed in all circumstances. For example, if commodity prices rise, this will not affect the holder of a nominal income because their earnings are fixed, but in the case of real income, the amount of inflation will affect their real income because it is variable. hence Nominal income minus inflation equals real income.
To know more about nominal income and real income.
https://brainly.com/question/15315913
#SPJ4
which of the following statements is true of normal spoilage? question 30 options: it is a spoilage which is not inherent in a particular production process. it arises even when the process is carried out in an efficient manner. it occurs due to machine breakdowns and operator errors. it is usually regarded as avoidable and controllable.
Normal spoilage is inherent to a production process. In other words, it arises even when the production is carried out in the most efficient way. Typically these normal spoilage costs are included in the cost of goods sold.
Normal spoiling is the term used to describe how items naturally degrade while going through the production or inventory stages of the sales cycle. This is the product line degradation that is typically seen as inevitable and expected.
Even when the process is run efficiently, abnormal spoiling can still happen, but normal spoilage is avoided when the process is run efficiently. Normal spoiling is exactly that—normal—and is expected during routine commercial or industrial activities, particularly for businesses that produce or handle perishable goods.
Abnormal spoiling is defined as spoilage that goes beyond what is customary or anticipated historically.
To learn more about Normal spoiling visit:https://brainly.com/question/29852506
#SPJ4
If the US dollar British pound exchange rate is $1.50 per poundIf the exchange rate between U.S. dollars and British pounds was $1.50 per British pound, you would receive approximately 150 U.S. dollars for 100 British pounds.
1 US dollar is equal to 0.5 British pounds at the beginning of the transaction. $1 now equals 0.75 pounds, which is a change in exchange rates. The currency rates provided show that the US dollar now has a 0.25 rise in purchasing power.
Is the pound sterling more robust than the dollar?What important is how the exchange rate between that currency and other currencies changes over time. One US dollar has been depreciating against the British pound for more than 20 years.
Is it a good time to exchange USD to GBP?The dollar-to-pound exchange rate in September 2022 is 1.1000. Dollar to pound conversion rate.
To know more about pound exchange visit :-
https://brainly.com/question/22999015
#SPJ4
A multinational enterprise would likely be motivated to pursue a global-standardization strategy in order to __ (Check all that apply).
-maintain maximum efficient scale
-differentiate more
-take advantage of economies of scale
-take advantage of location economies
-be locally responsive
A multinational enterprise, abbreviated as MNE and every now and then additionally referred to as multinational organization (MNC), just multinational or worldwide corporation, is an organization producing items or turning in offerings in extra than one country
Why multinational employer is important?MNEs are believed to promote increase and employment via growing new jobs, comprehend new investments, bring in new technologies, and permit host economies to integrate and upgrade in global value chains (GVCs).
Examples of multinational companies consist of Apple, Amazon, Microsoft, McDonald's, and Volkswagen. These agencies are headquartered in one country but operate divisions in many different international locations in order to expand their enterprise and attain more customers.
Learn more about multinational enterprise here:
https://brainly.com/question/494475#SPJ4ABC Manufacturers conducts commercial transactions across national boundaries. ABC Manufacturers would be classified as a(n) [blank]. O large business O franchise international business foreign licensed company
ABC Manufacturers conducts commercial transactions across national boundaries. ABC Manufacturers would be classified as an international business.
The trade of commodities, services, technology, capital, and/or information across national borders and on a global or transnational scale is referred to as an international business. Cross-border exchanges of products and services between two or more nations are involved. The practice of law in the international business world is known as international business law. It focuses on a variety of subjects, such as licensing, tariffs, taxes, international business operations, and law and economics. There are regional differences in international business law.
The International Businesses Standards Organization (IBSO) is a globally autonomous non-profit organization that develops, advances, and upholds ethical standards for participants in the global economy as a whole.
Learn more about International business here: https://brainly.com/question/4979112
#SPJ4
watch quarter and station bill which of the following readiness conditions used to designate peacetime cruising
Which of the following readiness criteria is utilized to indicate peacetime sailing on the watch quarter and station bill is A safe passage strategy should be created, followed, and checked.
General quarters is in what state of readiness?noun (used with a singular verb) (used with a singular verb)
Military. a state of naval combat preparedness in which the crew is stationed at their stations of battle and has guns and ammo ready for immediate loading.
What should you do first and foremost to improve your watch duties?Knowledge is the Foundation Having a very solid knowledge base is the first and most crucial step to improving your watch duties. One must be familiar with the fundamentals of the machines and how they work, as well as emerging trends and technology, maritime laws, and other related topics.
To know more about peacetime visit:-
https://brainly.com/question/15381367
#SPJ4
________ is the riskless purchase of a product in one market for immediate resale in a second market in order to profit from a price discrepancy.
A) Commercial exchange
B) Foreign exchange
C) Arbitrage
D) Parity
Arbitrage is the riskless purchase of a product in one market for immediate resale in a second market in order to profit from a price discrepancy.
What is Arbitrage?In order to profit from minute discrepancies in the item's quoted price, arbitrage is the simultaneous acquisition and sale of the same or a comparable asset in separate markets. It makes use of transient price changes for equal or comparable financial products traded on several exchanges or in various formats. In economics and finance, arbitrage is the technique of profiting from a difference in pricing in two or more markets by negotiating a series of deals that are similar in order to take advantage of the difference. The profit is the difference between the market prices at which the unit is traded. While arbitrage is not in and of itself unlawful, there are hazards involved. These include inefficient capital allocation. Contracts could be signed inadvertently.
To learn more about arbitrage click,
https://brainly.com/question/17188572
#SPJ4