benefits of implementing abc and activity-based cost management include better information about ______.
Answers
Implementing Activity-Based Costing (ABC) and Activity-Based Cost Management provides better information about cost drivers, resource consumption, and the profitability of products, services, and processes within an organization.
Activity-Based Costing (ABC) is a cost allocation method that identifies the activities involved in producing a product or service and assigns costs to those activities based on their consumption of resources. Activity-Based Cost Management (ABCM) is the use of ABC information to improve decision-making and manage costs more effectively.
By implementing ABC and ABCM, organizations gain better insights into their cost structure and resource utilization. This approach allows for a more accurate understanding of cost drivers, as it focuses on the activities that consume resources. It provides detailed information about how different products, services, or processes utilize resources and incur costs. Consequently, organizations can identify areas of inefficiency, allocate resources more effectively, and make informed decisions to improve profitability.
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Related Questions
Which of the following choices incur speculative risk?
a.stocks
b.fire insurance on a house
c.options
d.life insurance
e.high interest savings account
Answers
Answer: correct option is A.
Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.
Stocks incur speculative risk. Therefore option A is correct.
What are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
Common stock and preferred stock are the two primary categories of stocks.
Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.
Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.
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u.s. exports are less capital-intensive than u.s. imports, despite the relative abundance of capital in tthe bureau of natural resources, a u.s. government agency, put out a contract for 45,000 document copiers. it stipulated in the contract letter that preference would be given to a bidder for whom at least 51 percent of the materials by value in the copier were produced in the u.s. this contract provision is covered by the'he country. what is this phenomenon that runs contrary to the prediction of the heckscher-ohlin theory called?
Answers
The phenomenon that runs contrary to the prediction of the Heckscher-Ohlin theory is called the Leontief Paradox.
What is the Leontief Paradox?The Leontief Paradox is a phenomenon that refers to the lack of evidence to support the Heckscher-Ohlin theory's prediction that countries will export goods that use their relatively abundant and inexpensive factors and import goods that use their scarce and costly factors.
In 1953, Wassily W. Leontief conducted a study that tested the theory's validity. He used US trade statistics from 1947 to study the relative capital-labor content of US exports and imports. The study discovered that the United States exports were less capital-intensive than their imports, despite being more capital-rich.
The Leontief Paradox thus contradicts the fundamental tenets of the Heckscher-Ohlin theory, which is a vital theory in international trade theory.
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Hich of the following industries is not considered to be defensive?
a pharmaceuticals
b building materials
c food products
d electric power
Answers
The correct option is Building materials.
Building materials:
1: a building constructed for long-term usage that is typically walled and roofed (as for a dwelling) 2: the process of putting together materials to form a structure. Synonyms Example Sentences Phrases containing structure Learn More About Construction.Any kind of man-made construction is a structure. It might be a dam or a bridge, for instance. In contrast, a building is a closed construction with walls and a roof.The following structures are included in the definition of a building: Walls, floors, roofs, chimneys, plumbing and drainage systems, fixed constructions, etc. are examples of structural components. Verandas or atriums, balconies, cornices, building projections that extend past the structure's outside walls, etc.Learn more about building materials here brainly.com/question/9779427
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time is limited i have 2 minuets on this
The best time to visit a college campus is:
A) during spring break.
B) Monday through Thursday.
C) over the summer.
D) on any Friday.
Answers
Explanation: looking it up it says “later summer early September”
what is the correct temperature of range of cold ingredients?
Answers
Answer:
40 degrees Fahrenheit and below
Explanation:
Any food remains fresh when it is exposed and kept to a certain degree of temperature. From 41 to 135 degrees range, any food can be maintained fresh and fit for its usage. For cold foods, the temperature ranging below 40 degrees Fahrenheit is said to be appropriate. This temperature helps to restrict and control the growth of microbes that spoil the food.
How does labor relate to the scarcity problem
Answers
Answer:
The scarcity of labor is having several effects on businesses. Companies are forced to raise wages to attract workers, which increases the cost of doing business. The lack of workers is also causing delays and disruptions in the supply chain.
acuity scheduling how to differentiate on the back end of the booking system for different types of services?
Answers
Arranging appointments via wave and walk-ins. open scheduling of appointments. scheduling twice.
On acuity, can you reserve several services?Then, select "Appointment Policies. Set the maximum number of services your clients can reserve in a single visit under the "Multiple Services" section (you can allow up to five). Organize your change!
What classifies Acuity Scheduling?Click Appointment kinds under Scheduling.
Click Edit after finding an appointment type in the list.
Click Create a new category under Category.
Click Save after giving your new category a name.
Update appointment type by clicking.
What kinds of patient scheduling are there?Wave planning.
scheduled time slots.
stream planning.
Flexible scheduling.
scheduling clusters.
scheduling twice.
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Which of the following is NOT a public good provided by the government?
Answers
Electricity is not given away for free. People are charged for the goods or units of power they use. Ths it is not provided by the government as a public good.
What are public goods?
A good or service that can be consumed by one person without excluding others (national defense, flood control, street lights, open-sources software).
A good that the government offers that is both non-excludable and non-rivalrous is known as a public good.
Public goods include things like security, law enforcement, streetlights, and lighthouses. When there is a market failure, governments frequently try to supply public goods.
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Which of the scenarios are examples of an economic signal?Purchases of floppy disks and CDs decline dramatically as the demand for online streaming of similar goods increases.Companies begin hiring more people after a long period of high unemployment in the United States. Prices in housing markets fall.The market price for toilet paper has not changed over the last 10 years.
Answers
All of the scenarios can be considered examples of an economic signal. Economic signals can be observed in changes in consumer preferences, shifts in labor market conditions, changes in supply and demand for goods and services, and stability in market prices.
Purchases of floppy disks and CDs declining dramatically as the demand for online streaming of similar goods increases is an example of a shift in consumer preferences and demand, which is a key signal in economics.
Companies beginning to hire more people after a long period of high unemployment in the United States is an example of an improvement in the labor market, which is also a significant signal in economics.
Prices in housing markets falling is an example of a change in the supply and demand for housing, which can indicate changes in the overall economy.
The market price for toilet paper not changing over the last 10 years can be seen as a signal of stability in the market for that particular good, which can provide insight into the broader economic conditions.
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you are analyzing a risk and have determined that the sle is $1,200 and the aro is 3. what is the ale?
Answers
The Annual Loss Expectancy (ALE) is $3,600.
The financial value anticipated from the incidence of a risk on an asset is known as single-loss expectation. It has to do with risk management and risk evaluation. It has to do with risk management and risk evaluation. The mathematical formula for single-loss expectancy is: where the exposure factor is stated as the impact of the risk on the asset, or as a percentage of the asset lost.
The predicted frequency with which a risk or hazard is expected to materialize is referred to as the annualized rate of occurrence, or ARO.
The yearly rate of occurrence multiplied by the single loss expectancy results in the annualized loss expectancy.
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When organizations decide to operate internationally, workforce ______ involves decisions about where and how many employees are needed for each facility. Multiple choice question.
Answers
When organizations decide to operate internationally, workforce planning involves decisions about where and how many employees are needed for each facility. As there is requirement of employees at each level in the company.
What is decision making in planning?The process by which multiple prospective solutions or alternatives are identified and the most practicable answer or course of action is finalized is referred to as decision-making.
It's an important aspect of the planning process. Choosing the best course of action from a variety of possibilities is the result of decision-making, so that the product get the good position in the marketplace.
Thus, the planning is required in decision making.
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Regina spends three hours each day working as an online customer service representative for a retailer. She can choose her own hours, within reason. The job works out well for her since she has a new baby that she cares for much of the day. The retailer does not provide her or the other 200 customer service reps with workspace, which constitutes a sizeable cost savings for the company. Regina participates in
Answers
Answer:
Home-based work
Explanation:
Home based work is a type of work in which the individual carry out their functions and responsibilities from the comfort of his/her home. The employee makes contact with the company through the phone or internet.
Home-based workers sell goods to the customers directly from the house. The advantages of working from home include:it gives the individual control over their schedule, it's creates time for personal growth, it reduces the unnecessary money spent on transportation, it gives the employee full control over their income.
Answer:
Home Based Work
Explanation:
Home-based work is the work that the person can perform at his own house or somewhere else where he desires but not at the company place of work. Suppose Regina is traveling to New York, after arriving at New York she can work on the assignment at the airport or at a hotel. So its dependent upon the person. The home based workers can mostly plan when to work on the assignment and when to not. So Regina is mostly free of the restrictions of the traditional work space and working from her house so she is a home based worker.
Name the one sport in which neither the spectators nor the participants know the score or
the leader until the contest ends.
Answers
Answer:
Boxing
Explanation:
(02.10 LC) What strategy works best to get out of a rut?
A) Attitude
B) Belief
C) Flexibility
D) Selling out
Answers
Answer is C Flexibility because that's the only thing that goes in the exercise category.
Explanation: I hoped that Helped!!
Answer:
Flexibility.
Explanation:
Cognitive flexibility refers to the brain’s ability to transition from thinking about one concept to another. The quicker you are able to switch or “shift” your thinking from one dimension (e.g. color of an object) to another (e.g. shape of an object), the greater your level of cognitive flexibility.
During a group session, the only Persian member and another member ended up in a heated debate about cultural differences. The leader, also Persian, was caught off guard and unsure of how to address the situation in the moment, struggling with an internal conflict. What was the leader’s fear?A) Connecting with the Persian member.
B) Overidentifying with the non-Persian member.
C) Connecting with the non-Persian member.
D) Overidentifying with the Persian member.
Answers
Answer: D. Overidentifying with the Persian member.
Explanation:
The leaders fear in this case is over identifying with the Persian member. Since the leader is Persian, he is afraid that he could overidentify with the Persian member and this could bring about biasness with the way he handles the issue.
Therefore, based on the given options, the correct answer is D.
Explain the limitations of statistics
Answers
Eloise, the director of Human Resources at her organization
Answers
Since Eloise is working to determine its human resource needs for the next five years, her first course of action is: assessing the future labor supply.
What is Human resources management?Human resources management (HRM) can be defined as an art that involves effectively and efficiently managing, controlling and improving the functions, number of employees or workers, activities that are being used by an organization.
This ultimately implies that, human resources managers are saddled with the responsibility of recruiting, managing and improving the welfare and working conditions of the employees working in an organization because they are the most important asset of any organization.
In conclusion, Eloise's first course of action is assessing the future labor supply for her organization.
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Complete Question:
Eloise, the director of human resources at her organization, is working to determine its human resource needs for the next five years. Eloise's first course of action is?
Planning , using a five step process.
What are the 4 values in agile?
Answers
The four basic values of Agile software development as expressed by the Agile Manifesto are:
people and collaborations over cycles and apparatuses;working programming over thorough documentation;client coordinated effort over agreement discussion; and.answering change over sticking to the script.Proponents of Agile methodologies say the four qualities framed in the Agile Manifesto advance a product improvement process that spotlights on quality by making items that address shoppers' issues and assumptions.
The 12 standards are expected to establish and uphold a workplace that is centered around the client, that adjusts to business targets and that can answer and turn rapidly as need might arise and market influences change.
The four basic values of Agile software development as expressed by the Agile Manifesto are:
people and collaborations over cycles and apparatuses;working programming over thorough documentation;client coordinated effort over agreement discussion; and.answering change over sticking to the script.Know more about the values of agile - https://brainly.com/question/29782063
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assume+a+bank+offers+an+effective+annual+rate+of+7.26%.+if+compounding+is+monthly+what+is+the+apr?
Answers
The APR (Annual Percentage Rate) can be calculated based on the given effective annual rate of 7.26% with monthly compounding. The APR is approximately 6.98%.
The APR represents the annualized interest rate charged by a financial institution. It is used to compare different loan or investment options. In this case, we are given the effective annual rate of 7.26%, which takes into account the compounding frequency of monthly. To calculate the APR, we need to find the nominal interest rate that would result in the same effective annual rate when compounded monthly. We can use the following formula APR = (1 + i)^n - 1 Where i is the nominal interest rate and n is the number of compounding periods in a year. By substituting the values into the formula, we can solve for i: (1 + i)^12 - 1 = 0.0726 Simplifying the equation: (1 + i)^12 = 1.0726 Taking the twelfth root of both sides: 1 + i = (1.0726)^(1/12) 1 + i = 1.005992 Subtracting 1 from both sides: i = 0.005992 Converting the decimal to a percentage, the APR is approximately 0.5992%, which is rounded to 6.98%.
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Calculate the centre line and control limits of U chart considering following detail [6] Sample Size = 1000 mple Siz Class of defects A B C D Number of defects 1 10 15
Answers
Centreline = Np = 1000 x 0.026 = 26UCL = CL + 3√ CL = 26 + 3√26 = 26 + 3x5.1 = 41.3LCL = CL - 3√ CL = 26 - 3√26 = 26 - 3x5.1 = 10.7The calculated center line and control limits of U chart are 26, 41.3, and 10.7, respectively.
A control chart is a statistical tool that is employed to monitor and control a process. It is based on graphical representation to monitor the process. U chart is one of the types of the control chart. It is used to monitor the number of defects per sample in a process. The U chart is employed when the sample size varies and the process is incapable of generating a constant sample size. Control limits of U chart are calculated using the following formulae:Upper Control Limit (UCL) = UCL = Centre line + 3√ Centre lineLower Control Limit (LCL) = LCL = Centre line - 3√ Centre lineWhere;UCL: Upper control limitLCL: Lower control limitCentre line: The average number of defects per sampleWe know,Sample Size = 1000Defect Class A = 1Defect Class B = 10Defect Class C = 15Defect Class D = 0 (Assuming that there are no defects of Class D)Therefore, the number of defective products (n) = 1+10+15 = 26The sample size (N) = 1000The proportion of defectives (p) = n/N = 26/1000 = 0.026The centerline (CL) is calculated as;Centreline = Np = 1000 x 0.026 = 26UCL = CL + 3√ CL = 26 + 3√26 = 26 + 3x5.1 = 41.3LCL = CL - 3√ CL = 26 - 3√26 = 26 - 3x5.1 = 10.7The calculated center line and control limits of U chart are 26, 41.3, and 10.7, respectively.
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The office is obsolete. Discuss the validity of this statement
in the light of recent surge in home working, cases by corona
pandemic. Give reason to your argument .
Answers
The statement that "the office is obsolete" may be valid in some respects, especially in light of recent developments brought about by the coronavirus pandemic.
The surge in home working and remote working arrangements brought about by the need for social distancing measures has highlighted the potential for many jobs to be carried out remotely. This has shown that it is not always necessary to be in a physical office to be productive and efficient.
However, this does not mean that the office is completely obsolete. While remote work has its benefits, there are still many advantages to working in an office. For one, the office provides a sense of community and social interaction that cannot be replicated at home. Additionally, being in the same physical space as colleagues can foster creativity and collaboration, which can be crucial for certain types of work.
Furthermore, not all jobs can be done remotely. Some industries require specialized equipment or physical interaction with customers or clients that can only be carried out in an office setting. Additionally, there may be employees who prefer to work in an office and thrive in that environment.
In conclusion, while the coronavirus pandemic has accelerated the trend towards remote work and highlighted the potential for many jobs to be done remotely, it is premature to say that the office is obsolete. There are still many benefits to working in an office, and not all jobs can be done remotely. However, the pandemic has shown that businesses should be open to exploring more flexible work arrangements to accommodate employees' needs and preferences.
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Martin Company currently produces and sells 35,000 units of product at a selling price of $13. The product has variable costs of $7 per unit and fixed costs of $45,000. The company currently earns a total contribution margin of:
Answers
Answer:
The company currently earns a total contribution margin of $ 20
Which is the best description of Economics?
a. the study of how people make decisions when dealing with scarcity
b. the study of money in the financial system (banking system)
c. the study of how people have purchased and sold things throughout history
d. the study of how you should invest your money in the stock market
Answers
Answer: A the study of how people make decisions when dealing with scarcity
Explanation:
Economic is for the ECONOMY
In view of the above diagram, explain the relationship (in short-run) between a) Marginal Cost (MC) and Marginal Product (MP) b) Average Variable Cost (AVC) and Average Product (AP) po pred doma wwproduct Costan Quantity of laber Quantity of output MC AVC Cost curves
Answers
In the short run, the relationship between marginal cost (MC) and marginal product (MP) is inversely related, while the relationship between average variable cost (AVC) and average product (AP) is U-shaped.
a) Marginal Cost (MC) and Marginal Product (MP): In the short run, the relationship between marginal cost and marginal product is inversely related. As the marginal product of labor increases, the marginal cost decreases, and vice versa. This is because when additional units of labor are employed, the total output initially increases at an increasing rate (as indicated by the upward-sloping portion of the marginal product curve). This leads to a decrease in marginal cost since the additional output is being divided by a larger quantity of labor, resulting in lower production costs.
b) Average Variable Cost (AVC) and Average Product (AP): In the short run, the relationship between average variable cost and average product is U-shaped. Initially, as more units of labor are employed, the average product increases, resulting in a decrease in average variable cost. This is because the fixed costs are spread over a larger quantity of output. However, at a certain point, the law of diminishing returns sets in, causing the average product to decline. As a result, average variable cost starts to increase since the fixed costs are now being allocated to a smaller quantity of output.
In conclusion, in the short run, the relationship between marginal cost and marginal product is inversely related, while the relationship between average variable cost and average product is U-shaped. These relationships highlight the impact of labor input on production costs and efficiency in the short run.
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how does supply and demand factor into ticket prices
Answers
what is a factor that affects a business relations with its customers?
Answers
There are the following factors on which the business relationship with its customers depends.
1. Treat your customers politely: Customers become happy only if all their issues are resolved correctly and early. Being a representative of your business address your customers by their name and with due respect at the very beginning of the conversation to let them know that you know their very Vell name and try to interact with them genuinely to know their problems and to fix them all.
2. Become a good listener: Always try to hear your customer what is saying and listen to their problems. Truly listening to your customers is very important it not only helps to resolve issues rather it is one of the customer relationship building processes Listening gives them satisfaction. They will get satisfaction after positively talking to you.
3. Try to build trust: It needs many positive experiences to cover up the dissatisfaction of a single negative experience of a customer. In the customer relationship-building process it is necessary to build trust among your customers. always say the truth to your customers. Let your customers know clearly about all the new positive and negative changes occurred in your products or services. Be honest as well as transparent because these are crucial factors in customer relationship building.
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Millions of software programs have been created and have helped to improve the economy. This is an
example of
O new business
self-confidence
taxes
O demand for products
new technology
Answers
Answer:
new technology.
Explanation:
An information system or technology can be defined as a set of components or computer systems, which is used to collect, store, and process data, as well as dissemination of information, knowledge, and distribution of digital products.
Generally, it is an integral part of human life because individuals, organizations, and institutions rely on information systems and technology in order to perform their duties, functions or tasks and to manage their operations effectively. For example, all organizations make use of information systems for supply chain management, process financial accounts, manage their workforce, and as a marketing channels to reach their customers or potential customers.
Additionally, an information system or technology comprises of five (5) main components;
1. Hardware.
2. Software.
3. Database.
4. Human resources.
5. Telecommunications.
Overtime, millions of software programs have been created and have helped to improve the economy. This is an example of new technology.
Basically, these new technologies have helped to simplify the process of producing goods and services effectively and efficiently to meet the unending needs and requirements of the consumers.
Son los que se produjeron en determinado periodo: los costos de los productos vendidos o los costos de los que se encuentran en proceso
Answers
La respuesta correcta para esta pregunta abierta es la siguiente.
A pesar de que no se anexan opciones o incisos para responder, podemos decir lo siguiente.
Aquí estamos hablando de los costos históricos. Estos costos son los que se produjeron en determinado periodo: los costos de los productos vendidos o los costos de los que se encuentran en proceso.
Un buen contador dentro de la empresa, se basará en estos costos históricos para poder predecir o proyectar los costos predeterminados y tener cierta información de lo que puede suceder a corto o mediano plazo.
Recordemos que esos costos predeterminados son necesarios para que los contadores puedan elaborar presupuestos lo más apegados a la realidad y se puedan ajustar con el tiempo. Para elaborar estos costos predeterminados, el contador hace uso de herramientas estadísticas.
Globalization includes all of the following except
O an integrated global economy
O free flow of capital
O free trade
O limits on global expansion
Answers
Answer:
d. limits on global expansion
Explanation:
;p
Answer:
limits on global expansion
Explanation:
got it right on edge 2023 business law!!
What are the fundamentals of a wealthy life?
Answers
Answer:
Avoiding debt.Budgeting properly.Setting short-term and long-term goals.Investing in yourself.Diversifying your assets.An understanding of risk and rewardAnswer:
Avoiding debt.
Budgeting properly.
Setting short-term and long-term goals.
Investing in yourself.
Diversifying your assets.
An understanding of risk and reward.
Explanation: