In the production of services, direct materials are usually the major cost. Is this quote accurate? Explain.
Question:
In the production of services, direct materials are usually the major cost.’ Is this quote accurate? Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 87% (8 reviews)
The accuracy of this quote depends on the definition of direc...View the full answer
Answered By
Marvine Ekina
Marvine Ekina
Dedicated and experienced Academic Tutor with a proven track record for helping students to improve their academic performance. Adept at evaluating students and creating learning plans based on their strengths and weaknesses. Bringing forth a devotion to education and helping others to achieve their academic and life goals.
PERSONAL INFORMATION
Address: , ,
Nationality:
Driving License:
Hobbies: reading
SKILLS
????? Problem Solving Skills
????? Predictive Modeling
????? Customer Service Skills
????? Creative Problem Solving Skills
????? Strong Analytical Skills
????? Project Management Skills
????? Multitasking Skills
????? Leadership Skills
????? Curriculum Development
????? Excellent Communication Skills
????? SAT Prep
????? Knowledge of Educational Philosophies
????? Informal and Formal Assessments
0.00
0 Reviews
10+ Question Solved
Related Book For
Management And Cost Accounting
ISBN: 9781292232669
7th Edition
Authors: Alnoor Bhimani, Srikant M. Datar, Charles T. Horngren, Madhav V. Rajan
Question Posted:
Students also viewed these Business questions
-
The B. J. Jensen Company specializes in the production of power saws and power drills for home use. Sales are relatively stable throughout the year except for a jump upward during the Christmas...
-
The marginal product of labor in the production of computer chips is 50 chips per hour. The marginal rate of technical substitution of hours of labor for hours of machine capital is 1/4. What is the...
-
In the production of a part for a printer, four sequential operations are involved. Unit processing costs for the operations are $10, $6, $15, and $20, respectively. The firstpass yield for each...
-
Austin Limited is trying to determine the value of its ending inventory as of February 28, 2019, the companys year-end. The following transactions occurred, and the accountant asked your help in...
-
A Brayton cycle produces 14 MW with an inlet state of 17oC, 100 kPa, and a compression ratio of 16:1. The heat added in the combustion is 960 kJ/kg. What are the highest temperature and the mass flow...
-
The September 30, 2013, records of Media Communications include these accounts: Accounts Receivable.................................... $242,000 Allowance for Doubtful Accounts ..................
-
What could have been done to prevent the situation?
-
Table on the following page gives abbreviated balance sheets and income statements for Estée Lauder Companies. Calculate the following ratios: a. Return on assets. b. Operating profit...
-
Analyzing of Inventory and Footnote Disclosure The inventory footnote from Deere & Company's 2013 10-K follows (5 millions). 15. INVENTORIES Most inventories owned by Deere & Company and its US...
-
This problem deals with strategic planning issues for a large company.18 The main issue is planning the companys production capacity for the coming year. At issue is the overall level of capacity and...
-
How does a job-costing system differ from a process-costing system?
-
Michel Scaramouche, the president of Tax-Assistance SA, is examining alternative ways to calculate indirect-cost rates. He collects the following information from the budget for the year: Budgeted...
-
For the sequence given in Problem 97, show that Data from Problem 97 u 1 = 1, u n +1 = u n + (n + 1). (n + 1)(n + 2) Un+1 2
-
The composition of moist air is given on a molar basis to be 78 percent N2, 20 percent O2, and 2 percent water vapor. Determine the mass fractions of the constituents of air. Use the table containing...
-
1. Consider the LFSR with so = 1, 8 = 1, S2 = 1, 83 = 1, 84 = 0, and Sn Sn-2 Sn-3+ Sn-5. Find the next 15 terms in this LFSR. What is the period of this LFSR? 2. Suppose you learn that a Hill cipher...
-
Assume that you are thinking of a new acquisition campaign for SEDO, assuming that you want to convert people who are already engaged. Develop a big idea (in the communication) that you can use in...
-
You have a backend Amazon EC2 instance providing a web service to your web server instances. Your web servers are in a public subnet. You would like to block inbound requests from the internet to...
-
Consider the following task set. Task C T|D T1 20 50 40 T2 10 40 30 T3 5 20 15 a) Verify whether the task set is schedulable under DM using the processor utilization-based ap- proach. b) Verify...
-
The owners of City Software are offering the business for sale. The income statements of the business for the three years of its existence are summarized below. In negotiations with prospective...
-
1. What are some current issues facing Saudi Arabia? What is the climate for doing business in Saudi Arabia today? 2. Is it legal for Auger's firm to make a payment of $100,000 to help ensure this...
-
1. Do you think a learning curve effect is at play in the manufacture of the PW1000G engines? 2. Can you think of any reasons why any learning curve effect may have been slower than predicted? Modern...
-
A company is proposing the introduction of an activity-based costing (ABC) system as a basis for much of its management accounting information: (a) Briefly describe how ABC is different from a...
-
1. Based on the information given, do you think it possible to develop a cost model to estimate costs of large scale projects such as the Lake Charles project? 2. When the plant is operational, do...
-
Long-term liabilities are shown in two places in the business firm's balance sheet depending upon when the long-term liabilities are scheduled for payment. True False
-
Julio is single with 1 withholding allowance. He earned $1,025.00 during the most recent semimonthly pay period. He needs to decide between contributing 3% and $30 to his 401(k) plan. If he chooses...
-
Acquirer firm plans to launch a takeover of Target firm. The manager of Acquirer indicates that the deal will increase the free cash flow of the combined business by $13.6m per year forever. The beta...
Study smarter with the SolutionInn App