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Question - Manufacturing firms set standards for the amount and price of direct materials, direct labor, and factory overhead consumed by their products. Standards establish a benchmark to be used in evaluating actual performance. They allow management to recognize when costs are not in line with the company's projections and to take corrective action.
Starbucks and other companies have been in the headlines recently for tying executive compensation to their diversity and community impact goals.
For your discussion post:
(1) Describe a couple of examples of standards in your daily life. For example, following the Student Code of Conduct requires you to follow rules.
(2) If you are a member of the Board of Directors for a publicly-traded company, what position would you take - would you tie company performance, to CEO pay or would you establish different standards for the CEO?
Planet Company had operating income of $12,000, average operating assets of $125,000, and sales of $45,000. What is Planet's return on investment (ROI)
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Near end of 2011, the management of Simid Sports Co., merchandising company, prepared the following estimated balance sheet for December 31, 2011: Simid Sports' single product is bought for $30 per unit and resold for $60 per unit.
Compute What transfer price would you recommend if there was no outside market for the transferred component and the assembly division had spare capacity?
Bubblemania has three product lines - A,B, and C. Product line B appears to be unprofitable, How would the discontinuation of Product line B affect net income?
A log of wood is purchased for costs R3,00. Calculate total actual material costs, including total ordering and total carrying costs for the 2021 at EOQ
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How do Find the cost per equivalent unit for conversion and the cost that should be assigned to Alpha' work in process inventory at the end of FY 2017
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