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Simora [160]
2 years ago
15

When a furniture manufacturer buys the lumber and other raw materials, machines and equipment, manufacturing supplies, and offic

e supplies needed to build its furniture pieces, this is called
Business
1 answer:
boyakko [2]2 years ago
6 0

Answer:

Procurement

Explanation:

The process of "procurement" refers to purchasing the goods and services that will be used in the company's business. This gives the company the ability to choose where and from whom they will buy their supplies. This allows "fairness" and promotes<em> competition. </em>

The act of buying lumber and raw materials by the furniture manufacturer, including its machines, equipment, manufacturing supplies and office supplies belong to the process of procurement. Companies set their <u>own procurement policies</u> in order to ensure that<em> it aligns with the interest of the public.</em>

So, this explains the answer.

You might be interested in
Sabre is a performance automobile manufacturer headquartered in Ulster, Ireland. It has been in business for eighteen years and
Alchen [17]

Answer:

a) Augmented product: Previous Sabre models have won high praise from the automotive industry, and all 500 units of past vehicles have sold within weeks of announcement

b) Promised product: Sabre provides each potential customer with a list of customizable features that can be added during the manufacturing process.

c) Tangible product: Sabre designs and manufactures each automobile in-house; it makes every part of the car, from the tires to the brakes to the transmission to the metallic paint. Sabre employees make each car by hand.

d) Core product: Sabre is a performance automobile manufacturer headquartered in Ulster, Ireland. It has been in business for eighteen years and has brought twenty performance-oriented automobiles to market during this time.

Explanation:

a) The augmented product is defined as one that is capable of exceeding consumer expectations. In this case, the cars were sold very fast since customers were met with their expectations regarding the product offered.

b) In this case, Saber is able to customize each car with a series of additional features that offer the user so that he is able to have his own car as he would like

c) Tangible products are defined as goods or services that are manufactured, dispatched and delivered, that is, in this case, cars

d) Saber's main product is the manufacture of high performance cars. That is its main product and its strength in the business

5 0
1 year ago
Mow and Trim, a sole proprietorship that uses contract labor, has all of its authority centralized in a single person (the owner
dsp73

Answer:

Simple Structure

Explanation:

According to my research on different organization structures, I can say that based on the information provided within the question Mow and Trim is an organization with a Simple Structure. This type of structure has few rules, little work specialization and departmentalization, and the owner usually has most if not all control/authority in the organization.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

8 0
2 years ago
Freytag Corporation's variable overhead is applied on the basis of direct labor-hours. The company has established the following
Serjik [45]

Answer:

a. -$783 Unfavorable

b. 550 Favorable

Explanation:

a. The computation of Variable Overhead Rate Variance is shown below:-

Variable Overhead Rate Variance = Actual hours × (Standard Variable Overhead rate per hour - Actual Variable Overhead rate per hour)

= 8,700 × ($4.10 - ($36,540 ÷ 8,700)

=  8,700 × ($4.10 - $4.19)

= 8,700 × -$0.09

= -$783 Unfavorable

b. The computation of Variable Overhead Efficiency Variance is shown below:-

Variable Overhead Efficiency Variance = Standard Variable Overhead Rate per Hour ×  (Standard Hours for Actual Production - Actual Hours)

= 5.5 × ((5.5 × 1,600) - 8,700)

= 5.5 × (8,800 - 8,700)

= 5.5 × 100

= 550 Favorable

5 0
1 year ago
In 2021, the internal auditors of Development Technologies, Inc., discovered that a $4 million purchase of merchandise in 2021 w
stich3 [128]

Answer:

No entry required

However, the balance sheet must be adjusted to  represent both, the 4,000,000 inventory and the 4,000,000 accounts payable

Explanation:

As the account involved:

Inventory and accounts payable are permanent account do not alter the net income for the year ended December 31th 2020.

Also as no cash is involve the cash statement is not affected too.

This delay on recording generate no problem for the accounting.

6 0
2 years ago
A factor held constant to test the relative impact of the independent variable is known as a:
PSYCHO15rus [73]
The constant in a system is the control. 
6 0
2 years ago
Read 2 more answers
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