answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Keith_Richards [23]
2 years ago
8

Campbell Clothing produces men's ties. The following budgeted and actual amounts are for 2016:

Business
1 answer:
Elina [12.6K]2 years ago
6 0

Answer:

                                      Campbell Clothing

                      Manufacturing Performance budget Report

                         For the year ended December 31, 2016

                                                Budget       Actual     Difference

Direct materials                        $69,600    $71,000     $1,400       U

Direct labor                               $87,600     $86,500    $500        F

Equipment depreciation           $5,000      $5,000      $0            Nil

Indirect labor                             $8,700       $8,600      $100         F

Indirect materials                       $10,440     $9,600      $840        F

Rent and insurance                   $12,000     $13,000    $1000       U

Total Costs                                $192,740   $193,700   $960       U

Workings

<u>Planning budget</u>

Direct materials 60,000 *   $12 = $69,600

Direct labor 75,000  * $15,000 = $87,600

Equipment depreciation 5,000  

Indirect labor 7,500 * $1.50 = $8,700

Indirect materials 9,000  * $1.80 = $10,440

Rent and insurance $12,000

You might be interested in
b. When launching a new brand, we discussed in lecture that it is best to build the brand first with PR, and then sustain it wit
SashulF [63]

When launching a new brand, it is best to build the brand first with PR, and then with advertising is explained in the following way

Explanation:

In the past, almost every new brand was launched with a big advertising campaign. In today's media environment, that's not a good idea. Advertising is expensive and not very credible, especially when used on behalf of a new brand. That's why many of the most successful new brands were launched with PR.

Launching a new brand with PR, however, raises a number of questions.If no advertising agency is involved, who does the positioning strategy.

To stimulate your thinking about these ,here is an outline of six steps a PR launch might take.

1. The leak -A PR program usually starts with a leak to key reporters and editors. Internet sites are often favorite targets.

But no big brand has ever been successful in a category with no competition. The best thing that ever happened to Coca-Cola is Pepsi-Cola.

Not a good idea. The more competitors in a category, the larger the category. Competition creates enormous consumer interest in the category and stimulates a lot of PR.

Advertising is different. An advertising program is launched like a D-day attack. It's usually kept a top secret until the day the first ad runs.

It would have been better to let the PR run for a few months before launching the advertising. In turn, the ads could then focus on the success of the launch. (Nothing succeeds like success.)

2. The slow buildup

A PR program slowly unfolds like a flower blooming. A company has to allot enough time for the PR to develop momentum. That's why a PR launch often starts before the details of a new product or service are firmly fixed.

Advertising is different. An advertising program usually starts with a "big bang." Since consumers tend to ignore advertising messages, a new ad program needs to be big and bold enough to get above the "noise level."

3. The recruitment of allies

Why go it alone when you can get others to help communicate your message? The slow buildup of a PR program allows enough time to recruit allies to your cause.

Advertising is different. With a big-bang launch, there usually isn't enough time to line up supporters. Also, advertising alliances usually fall apart over the question of who pays for what.

4. Product modification

Feedback is an important element in a PR launch. By launching the PR program ahead of the actual product introduction, t

Advertising is different. Once a big-bang advertising program is launched, a company is committed.

5. Message modification

Feedback from a PR program also allows a company to modify the brand's message for greater consumer appeal.

6. The soft launch

PR versus advertising

In almost every way, the launch of a brand via PR is exactly the opposite of how a brand is currently launched with an advertising program.

5 0
2 years ago
You are a pricing analyst for QuantCrunch Corporation, a company that recently spent $15,000 to develop a statistical software p
sukhopar [10]

Answer:

Explanation:

Base on the scenario been described in the question

First strategy (per-unit price strategy):

According to the given information the demand function is given as:

Economics homework question answer, step 1, image 1

So, the price function can be rewrite as:

Economics homework question answer, step 1, image 2

The firm maximizes the profit at where the marginal revenue (MR) is equal to marginal cost (MC). The MR can be calculated as follows:

Economics homework question answer, step 2, image 1

Since MC is given as 1000, the profit maximization level of quantity can be calculated as follows:

Economics homework question answer, step 3, image 1

Thus, the quantity is 50.

In order to calculate the profit maximizing level of price, substitute the value of Q in price function as follows:

Economics homework question answer, step 3, image 2

Thus, the price is $1250.

8 0
2 years ago
A restaurant sells salsa and guacamole, each of which can be eaten with the tacos that the restaurant sells. The manager of the
sergiy2304 [10]

Answer:

The cross price elasticity of salsa and guacamole is 0.2. The two goods are substitutes.

Explanation:

The price of guacamole is increased from $2 to $2.5.

Percentage change in price

= \frac{new price\ -\ initial\ price}{initial\ price} \times100

= \frac{2.50\ -\ 2}{2} \times100

= 25%

The demand for salsa rises by 5%.

The cross price elasticity will be

= \frac{percenatge\ change\ in\ quantity\ demanded}{percenatge\ change\ in\ price}

= \frac{5}{25}

= 0.2

We see that the cross price elasticity is positive. This means that the two goods are substitutes. When price of one good will increase consumers will prefer the cheaper substitute, increasing its demand.

3 0
2 years ago
Elise is the marketing manager in a travel company. She is planning to place an advertisement in local newspapers to promote her
Scorpion4ik [409]

Answer:

The answer is C. link the advertisements to online promotions.

Explanation:

Now lets take a look at it one by one and see why C is the answer.

As in option A, she can ask a few friends whether they've seen the ad or not, but their replies would not accurately show the success of the promotion strategy.

In Option B,  it take some time to measure the results and the quarterly sales numbers can be influenced by many factors and may not reflect the impact of this specific promotional campaign.

Option D is irrelevant, Elise's company sales and the sales of the newspapers are not related. So we can not take this as an answer.

Option C however is very applicable. If you link the advertisements to online promotions, when those who read the news paper comes to check the online promotion, we can see how well has the ad performed based on the number of online enrollments of the readers.

6 0
2 years ago
The following are data for an economy in billions of dollars: Net rental income 141 Depreciation 1,241 Compensation of employees
Brilliant_brown [7]

Answer:

GDP= 9,872

Explanation:

The Expenditure Approach is a method of measuring GDP by calculating all spending throughout the economy including consumer consumption, investing, government spending, and net exports. This method calculates what a country produces, assuming that the finished goods and services of a country equals the amount spent in the country for that period.

The formula is:

GDP=C+I+G+/-NX

GDP: Gross Domestic Product

(C) consumer spending – this is the amount that all consumers spend on goods and services for personal use.

(I) investment – this is the amount that businesses or owners spend to invest in new equipment or expansions.

(G) government spending – this includes spending on new infrastructure like bridges and roads.

(NX) net exports – this includes spending on a country’s exports minus its spending on imports.

GDP= 6,728+1,767 +1,741+(1,102-1,466)

GDP= 9,872

7 0
2 years ago
Other questions:
  • Lawrence Masters submitted his business plan to a potential investor, but was disappointed when he was quickly turned down. Chan
    13·2 answers
  • Cullumber Legler requires an estimate of the cost of goods lost by fire on March 9. Merchandise on hand on January 1 was $31,920
    8·1 answer
  • Using the T-accounts template, open (set up) the T-accounts with the balances from the Balance Sheet (located in the first works
    14·1 answer
  • Suppose that a worker in Freedonia can produce either 6 units of corn or 2 units of wheat per year, and a worker in Sylvania can
    12·1 answer
  • An expenditure made in connection with a machine being used by an enterprise should be:
    15·1 answer
  • The Maybe Pay Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $31,000 per year fo
    10·1 answer
  • Although it was not explicitly noted in the employee handbook, Jennie was told at the start of her internship that employees are
    6·1 answer
  • A bagel company bakes a specialty bagel that it sells by the dozen every day. These specialty bagels can only be baked early in
    14·1 answer
  • The aicpa code of professional conduct includes which sections
    11·1 answer
  • Scale efficiencies are the cost advantages that enterprises obtain as fixed costs are spread out over more units of output. But
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!