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Q: What can a business do to reduce their total cost?
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What is the Summary of lean production in managerial accounting?

lean production is a business process to reduce the cost only. lean production is a business process to reduce the cost only.


When total revenues exceed total cost a business has registered?

A loss.


When total cost exceeds total revenues a business has registered?

A loss.


Which of these can help reduce the total cost of living in apartment?

finding a roomate


How does Decrease in material costs impact total variable costs?

If material cost is variable cost then yes by decreasing material cost company can reduce total variable cost.


How did vertical integration allow business to reduce cost?

By controlling the business at each phase of a product's development, vertical integration allowed a business to reduce costs.


Which can help reduce the total cost of living in an apartment?

Get a roommate


What can reduce the total cost of living in an apartment?

One way is getting a roommate.


What is the difference between capacity cost and variable cost?

capacity cost : it is the cost which is incurred to increase its ability which can reduce or avoid by shutting down business variable cost: which varies with the output


How did vertical intergration allow a business to reduce cost?

By controlling the business at each phase of a product'sdevelopment, vertical integration allowed abusiness to reducecosts


What is the average labor cost as a percentage of total business cost for most US organizations?

40%


How do you calculate hotel labor percentage?

To calculate hotel labor percentage, first add up total costs of doing the business. Then divide the cost of labor by the total cost of doing business to get the percentage of hotel labor cost.