So if the production manager must make immediate decisions about production, can you see why variable...
So if the production manager must make immediate decisions about production, can you see why variable costing is more valuable for this purpose?
Homework Answers
Immediate decisions about production are based on relevant costs that is the costs that would be affected (increase or decrease) by the decision. In most cases, relevant costs are the variable costs of production. Fixed costs are usually considered to be irrelevant in short-term decisions because they do not get affected. Therefore, short-term and immediate decisions about production require the costs to be categorized into fixed and variable categories so that relevant costs can be ascertained. This is only possible under variable costing. Thus, variable costing facilitates immediate decisions about production and so it becomes more valuable for this purpose.
Add Answer to:
So if the production manager must make immediate decisions about
production, can you see why variable...
Why is educating children to make good decisions when using technology and the Internet so important?...
Why is educating children to make good decisions when using technology and the Internet so important? Many think this is very simple to do, so why don't more parents educate their children about making good decisions when using technology and the Internet?
You manage a manufacturing Production department making a family of similar parts. You must make decisions...
You manage a manufacturing Production department making a family of similar parts. You must make decisions about equipment selection, production cost and sequence of production jobs Part material cost is $ 12 for each scrapped Options MACHINE LABOR COST PRODUTION RATE PART PART (Per hr) (Units per hr) scrap rate scrap cost 1.Manual $20 10 L out of 32 $10 2.CNC with manual load $18 12 L out of 80 $5 3.CNC with auto lo9ad $15 15 L out of...
Knowing the cost of acquiring a new customer can help you make some strategic decisions about...
Knowing the cost of acquiring a new customer can help you make some strategic decisions about your marketing campaign. Which additional factors are needed to decide if the campaign was successful/profitable? (Pick three (3)). Select one or more: a. Industry campaign benchmarks to see if our competitor campaigns are successful. b. Lifetime Value of the customer c. Business objectives d. Average customer purchase price/value e. New customer target segment acquisition costs f. Campaign success or failure rates g. Previous campaign...
Imagine that you have been hired as the production manager of a manufacturing company and must...
Imagine that you have been hired as the production manager of a manufacturing company and must determine the best inventory costing system to implement. Discuss the key factors that must be considered before making the determination. Provide specific details and a rationale for your decision. As a production manager, one of your key tasks is to improve efficiencies by either increasing productivity or reducing cost. Determine whether the responsibility reports needed to track performance should be created by department, function,...
1. Challenge for high- level management. In a large corporation, high-level managers make key decisions about...
1. Challenge for high- level management. In a large corporation, high-level managers make key decisions about the type of product to produce, the location of the production plant, the size of the business (number of employees), the size and layout of the production plant, the marketing of the product, and financing. What do you think is the most challenging task for high- level management? 2. Management Functions. If you were a manager of a retail store, which management function would...
can anyone please answer the questions? it's about Management Decisions class. Thank you so much!! can anyone ple...
can
anyone please answer the questions? it's about Management Decisions
class. Thank you so much!!
can
anyone please answer the questions? it's about Management Decisions
class. Thank you so much!!
is a business strategy whereby firms attempt to gain a competitive advantage 41) by increasing the perceived value of their products or services relative to the perceived value of other firms' products or services A) Product differentiation B) Related diversification C) Cost leadership D) Best-cost provider 42) By increasing the...
A operations manager of znc furniture ,you must make a decision about adding a line of...
A operations manager of znc furniture ,you must make a decision about adding a line of rustic furniture. In discussing the possibility with your sales manager YAmamoto Rene , you decide that there will definitely be a market and that your firm should enter that market however become rustic furniture has a different finish than your standard offering, you decide you need another process line. There is no doubt in your mind about the decision and you are sure that...
5. How can team leaders and members use the team leadership model to help make decisions?...
5. How can team leaders and members use the team leadership model to help make decisions? 6. What cultural considerations must be considered when leaders are in a multicultural environment? What does it take for a leader to be a true multicultural leader? 7. Do you feel that there are differences in leadership styles based upon gender? Why or why not? 8. What advantages do you see in the situational leadership approach? What determines the leader’s style (or behavior)? 9....
E MASSEVOL lungs? (1) Why must the capillaries be so thin for this roo m Data...
E MASSEVOL lungs? (1) Why must the capillaries be so thin for this roo m Data Table 2 Base your answers to the following questions on the datatable at the right Year a What interpretations about the deer population can be made from the Deer Population thousands) 30 general pattern of the entire 40 years! (1) 1900 1910 9.5 What reason can you give that could have caused both the increase and the decrease in deer population over the years?...
can anyone please answer the questions? it's about Management Decisions class. Thank you so much!! 34)...
can
anyone please answer the questions? it's about Management Decisions
class. Thank you so much!!
34) As the volume of production in a firm increases, the average cost per un decreasesti some optimal volume of production is reached, after which the average cost of production begin to rise because of A) diseconomies of scale. B) economies of scope C) di seconomies of scope, D) economies of scale. 35) The link between volume of production and the cost of building manufacturing...
can
anyone please answer the questions? it's about Management Decisions
class. Thank you so much!!
can
anyone please answer the questions? it's about Management Decisions
class. Thank you so much!!
is a business strategy whereby firms attempt to gain a competitive advantage 41) by increasing the perceived value of their products or services relative to the perceived value of other firms' products or services A) Product differentiation B) Related diversification C) Cost leadership D) Best-cost provider 42) By increasing the...
E MASSEVOL lungs? (1) Why must the capillaries be so thin for this roo m Data Table 2 Base your answers to the following questions on the datatable at the right Year a What interpretations about the deer population can be made from the Deer Population thousands) 30 general pattern of the entire 40 years! (1) 1900 1910 9.5 What reason can you give that could have caused both the increase and the decrease in deer population over the years?...
can
anyone please answer the questions? it's about Management Decisions
class. Thank you so much!!
34) As the volume of production in a firm increases, the average cost per un decreasesti some optimal volume of production is reached, after which the average cost of production begin to rise because of A) diseconomies of scale. B) economies of scope C) di seconomies of scope, D) economies of scale. 35) The link between volume of production and the cost of building manufacturing...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 11 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 11 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 11 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 11 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 11 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 11 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 11 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 11 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 11 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 11 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 11 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 11 months ago