-$64000. The calculation of the net total occurs as follows: Direct material = $11.30, Direct labor = $22.70, Variable manufacturing overhead = $1.20, Fixed manufacturing overhead ($24.70 - $21.90) = $2.80. The total relevant cost is derived from the sum of the direct material, direct labor, variable manufacturing overhead, and fixed manufacturing overhead totaling $38.00. The total cost associated with manufacturing is derived from relevant cost per unit multiplied by the number of units plus the opportunity contribution margin lost, calculated to be $1,784,000. The overall cost for purchasing stands at $1,848,000. Thus, the net total equals the total cost of making minus the total cost of buying, amounting to -$64000.
Answer: Distinctive competence
Explanation: Distinctive competencies refer to specific attributes that uniquely differentiate a person, company, or organization from its competitors. These qualities make it challenging for consumers to swap these services for another, while competitors often find them hard to replicate. Such features typically foster success, enhance customer loyalty, and provide an advantage over rivals. This concept is termed distinctive competence, indicating services available only from one entity or very few. In the context provided, Gadgetbug demonstrates distinctive competence through its exceptional after-sale customer service, which competitors struggle to equal.
<span>If the business opts to raise shirt production by 100 units, the corresponding opportunity cost will be 200 pairs of pants. Should the firm be at point E and choose to boost shirt output by 500 units, the opportunity cost rises to 400 pairs of pants.</span>
Answer:
E.
Explanation:
An effective information system is crucial for business operations, aiding managers in making informed decisions to fulfill organizational objectives.
An organization can endure and prosper amid stiff competition based on a well-structured information system.
This system assists in making accurate decisions timely or just-in-time. Managers can leverage a robust information system even in atypical situations.
It’s perceived as a process and can be incorporated to devise a comprehensive action or operational strategy.
Response
The solution and methods for the problem are included in the upcoming image.
Clarification
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