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...
-
Values are standards of conduct. Values are used for judging the goodness or badness of some action. Intrinsic value is something that has value in and of itself (e.g., compassion, honesty,...
-
We are separating methanol and water in a staged distillation column at total reflux to determine Murphree efficiency. Pressure is \(101.3 \mathrm{kPa}\). The column has a 2.0 -in. head of liquid on...
-
Revenue at a major cellular telephone manufacturer was $1.4 billion for the nine months ending March 2, up 97 percent over revenues for the same period last year. Management attributes the increase...
-
High Time Tours leased rock-climbing equipment from Adventures Leasing on January 1, 2024. High Time has the option to renew the lease at the end of two years for an additional three years for $8,900...
-
An audit report prepared by Garrett and Brown, CPAs, is provided below. The audit for the year ended December 31, 2012 was completed on March 1, 2013, and the report was issued to Javlin Corporation,...
-
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...
-
The partnership agreement of Angela and Dawn has the following provisions: 1. The partners are to earn 10 percent on the average capital. 2. Angela and Dawn are to earn salaries of $25,000 and...
-
When you retire you want to have enough money in your retirement account to generate an annual income of $ 8 0 , 0 0 0 per year and you expect to live for 1 5 years after you retire. You wont be able...
-
Fast GrowthIndustries will pay a dividend of $1.80 per share this year. It is expected that this dividend will grow by 4% per year each year in the future. The current price ofthe company's...
-
22. An investor has $50 000 to invest. The asset allocation will be as follows Security Investment Beta Stock A $20,000 1.7 Stock B 150000 0.5 T-bill 150000 0 What is the beta of the portfolio which...
-
The end of the government s fiscal year is an important time for all accounting personnel, particularly the Financial Assistant. Describe the functions that are important at year - end
-
How should Aspen ski resort account for the free skiing given to employees on their days off?
-
For the sample data in Example 1 "Adult Sleep" from this section, Minitab and Stat-Crunch show that the hypothesis test has power of 0.4943 of supporting the claim that m 6 7 hours of sleep when the...
-
Which, if any, of the dichloroethene molecules drawn in Data Table II (3.) (4.) and (5.) are geometric isomers? A. B. C. D. cis-1,2-dichloroethene and trans-1,2-dichloroethene...
-
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...
-
Coco is training for a triathlon and has been trying to decrease the length of time it takes her to run a mile. Over several weeks she carefully records the length of time it takes her to run a mile....
-
Two depository institutions have composite CAMELS ratings of 1 or 2 and are "well capitalized." Thus, each institution falls into the FDIC Risk Category I deposit insurance assessment scheme. Weights...
-
Pada tanggal 25 Jan 2021, PT Kencana menanamkan modalnya dalam saham biasa PT Greenland sebanyak 50.000 lembar saham (15% dari saham PT Greenland), dengan harga Perolehan RP 2.000 per lembar saham....
Study smarter with the SolutionInn App