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In order to reduce labor costs what might a company do?
some companies have outsourced jobs to Another Country as they can reduce labor costs that way.
Why are some budgeted costs based on actual costs from the previous years?
Some budgeted costs are based on actual costs of the previous year, information from supervisors about where resources might be more efficiently used, and subjective judgments about how much should be allowed for resources.
What account might iTunes use when it incurs shipping costs on account?
t account
Why direct production labor cost might be regarded as a fixed cost rather than as variable cost?
Direct labor wages are normally Variable costs, charged directly to the Production Cost Account, what is commonly called WIP. It is commonly held that direct labor wages change proportionally to the changes of the production level. In fact, however, hourly wages are only related to a time unit, not to pieces produced. True direct wages are piece-work wages, but very few industries pay their workers by unit of production. We should have the option to treat a direct labor wage as a fixed cost, just as salary is a fixed cost. Monthly or hourly, these payment are paid by time interval, not by production unit
Is reallocation if fixed costs across divisions unethical?
An audit might point out that the fixed costs associated exclusively with one division might be properly noted in that division's accounts. For example, if the corporation made automobile axles and artisan bread, for example, the fixed costs associated with bread-making would require significant explanation of they appeared on the financial reports for axles. However, creative accounting can work miracles. The crux of your question might be 'reallocation'. Your corporate ethics officer can answer your question specifically. And often, ethics and the law are not the same.
Why might a company move its production factory from Texas to Mexico?
To take advantage of lower labor costs
Why might a company move ots prodution factory from Texas to Mexico?
To take advantage of lower production costs, including wages and tax incentives from the Mexican government.
What are reasons companies might NOT want to move manufacturing to china?
1. Higher costs of transport from factory to retailers. 2. Some problems with product quality. 3. Longer period from production to delivery to the shops. 4. More and more consumers want to support local production. 5. Bad opinions about products made in China.
What are the ways to reduce fixed costs without lowering production?
Difficult to do, but you might be able to move into a smaller production facility and run two shifts; that way one production line can be in operation for a longer period but with lower rent, power and utility costs. However, you may discover that a shift differential pay eats up all your savings.
What are the three types of costs company might occur how do they differ?
1. Fixed costs. These types of costs do not vary with output in the short term. An example might be rent costs for premises. 2. Variable costs. These are costs that vary directly with output and will be business specific. A manufacturing industry making plastic widgets will see the cost of their plastic raw material vary directly with production. 3. Semi-variable costs, or 'stepped' costs. These are costs fixed over a small range of output but variable over a longer range of output particularly at certain critical levels. They may 'step-up' as with utility bills or 'step-down' as with quantity discounts. Please note that all costs are variable costs if you take a long enough time frame.
What is an example of the number of units produced?
In a factory, production volume is considered to be the number of units produced, but in a governmental organization with no assembly process, the units produced might refer, for example, to the number of welfare cases processed.
What is the difference between a blacksmith and a factory?
A blacksmith is a person who is stilled in working with iron. A factory is a place where many people work to make something that is sold. A factory might involve thinks made of iron, but it might not.
Is club hill elementary closed?
it might be
Why might someone be in search on Cheesecake Factory recipes?
Someone might love the recipe and want to be able to make it at home is one reason someone might search for Cheescake Factory recipes. Another reason someone might search the recipes for the Cheesecake factory is they might have a health condition such as diabetes and need to make a version that is lower in sugar.
What is light industry?
Light industrial work might be a factory job where there are few duties besides running one machine. Light industrial work might be general factory work or a cleaning position in a hospital or factory.
What is Industrial work?
Light industrial work might be a factory job where there are few duties besides running one machine. Light industrial work might be general factory work or a cleaning position in a hospital or factory.
In the communist society who owns the means of production?
This is a question that would be inapplicable to a Communist society. Keeping in mind that these things are up for argument, think of the situation more like this: - Under capitalism, one could look at a factory (i.e., a piece of the means of production) and tell me who owns it. - In the transition from capitalism to Communism (which is what some socialists mean by the word socialism), one might say that "the people" or "the state" owns the factory. - In a Communist world, one might look at a factory, ask someone who owns it, and have that person answer "Own? What do you mean?" In other words, the concept of ownership, at least as it pertains to non-personal items, would be inapplicable.
