Answer:
Explanation:
If there is a warranty, that will be a shoppers protection providing it is not a recall situation. Shopper's Insurance in Canada at least, does not exist.
Unless it is a class action suit, there is no need for mediation.
Boycotts are generally not used in the situation you have described.
Answer:
1 ) Variable Overhead Rate Variance = ( SR - AR )* AH
= ( $21 - $20) 3,500
= $3,500 Favorable
2 ) Labor Rate = ( SR - AR )* AH
= ( $24 - $24.9) 2,290
=$2,061 U
Explanation:
TOTAL = Standard cost - Incurred cost
Standard Cost = $70,000 + $4,550
= $74,550
Standard Rate = $74,550 / 3,550
= $21
cost incurred = AR * machine hours
cost per machine hour = $70,000/3,500
=$20
2) Labor Rate = ( SR - AR )* AH
= ( $24 - $24.9) 2,290
=$2,061 U
AR = $57,021/2,290 = $24.9
AR = Actual Rate
SR = Standard Rate
AH = Actual hours
Answers with Explanations:
1. What type of market is Huy Fong targeting with its Sriracha sauce?
"Huy Fong's Food Inc." is a company that sells <em>Sriracha sauce</em> made in California. It has also partnered with several companies in order to provide variety of products based on its official flavor.
Since Huy Fong is <u>open to competition with other rivals</u>, it is clear that the company is using the "monopolistic competition" <u>type of market.</u> Hung Fung is not the only company that sells sriracha sauce, other companies like <em>Heinz</em> and <em>Tabasco</em> are also selling the same sauce.
However, it has been branded as the most authentic and original of all. Such <u>uniqueness of the Huy Fung Sriracha sauce</u> makes it<em> stand out from the rest</em>. In this aspect, the company is <em>monopolizing the competition.</em>
2. Of the four categories of segmentation variables, which is most important to Huy Fong's segmentation strategy, and why?
Of the four categories of segmentation variables, "demographic" is the most important to Huy Fung's segmentation strategy. The company's target market are men and women who belong to the<u> age range of 20-30 in the United States.</u>
This is the<em> specific population</em> that the company is focusing on. These people are considered to be<em> budgeting their money</em> and in that sense, they'd be able to afford the sriracha sauce.
Answer:
journal entry are given below
Explanation:
given data
amount of interest = $150
solution
we know that as June 30 the interest earn company bank reconciliation is
$150
Therefore, it should be a cash debit and interest income should be deposited in the account as
journal entry are as June 30
Cash A/c $150 Dr.
To Interest revenue $150
record the interest revenue earned
Answer:The extra cost is$ 0.72
Explanation:
Using the formula √2DCO/CC
Where CO = ordering cost per order
D = Demand per annum
CC = carrying cost or holding cost per annum
Demand = 1000*52 = 52,000 per annum
ordering cost = $15 per order
Holding Cost = 15/100*52,000 = 7,800 per annum
√2DCO/CC
√2*15*52,000/7,800
√1,560,000/7,800
√200
= $14.14
Extra Cost wiil be
900*52 = 46,800 per annum
√2*15* 46,800/7,800
√1,404,000/7,800
√180
13.42
Therefore the extra cost is
14.14 - 13.42
= $0.72
