2 years ago

The producer is spending as little as possible per item produced. what word describes that kind of cost management?

2 answers:

8 0

This kind of cost management is called budget planning. Budget planning is first identifying the sources of your income and considering all current and expected expenses, with a purpose to meet your financial goal. Its primary objective is to ensure that you will have savings after allocating the expenses.

ddd [48]2 years ago

5 0

Efficient Scale is the answer you are looking for

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3 years ago

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2 years ago

Abba, Inc. has developed the following standards for one of its products: Direct materials - 1/2 pound at $6.00 per pound Direct

Sergeu [11.5K]

Answer:

The answer is $11 per unit.

The standard cost card for this product would show a cost per unit of $11.

Explanation:

The workings are attached.

The formula used is as follows:

<u>Standard cost per unit of a product = direct material per unit + direct labor per unit + variable overhead per unit + fixed overhead per unit.</u>

<u></u>