Explain the 80-20 rule as it relates to cost control.
Question:
Explain the 80-20 rule as it relates to cost control.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
80 of the costs and ri...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Cost Accounting And Financial Management For Construction Project Managers
ISBN: 9781138550650
1st Edition
Authors: Len Holm
Question Posted:
Students also viewed these Business questions
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Discipline, honesty, and a strong work ethic were three key traits that John and Mary Andersen instilled in their son. The Andersens also constantly impressed upon him the importance of obtaining an...
-
Write a paper on Role and Responsibilities of a Community Health Manager. Describe/discuss the following hypotheses related to your new position: Describe socioeconomic status and racial and ethnic...
-
Matheny Inc. went public 3 years ago. The board of directors will be meeting shortly after the end of the year to decide on a dividend policy. In the past, growth has been financed primarily through...
-
A hemisphere of mass m and radius r is released from rest in the position shown. Knowing that the hemisphere rolls without slipping, determine its initial angularacceleration
-
The beveled gear is subjected to the loads shown. Determine the stress components acting on the shaft at point B, and show the results on a volume element located at this point. The shaft has a...
-
Describe the six categories of early warning signs of potential fraud.
-
Alena Co. was organized on July 1, 2017. Quarterly financial statements are prepared. The unadjusted and adjusted trial balances as of September 30 are shown below. Instructions (a) Journalize the...
-
3. If a proton is launched at a 2.0mm glass sphere with a velocity of 2.0 107 m/s, how might the sphere be charged such that the proton just makes it to its surface.
-
When is forecasting option 5a appropriate for a single line item in the budget?
-
What is an advantage of estimating with man-hours over unit prices for direct labor?
-
Product 'Fishy' is a highly perishable commodity which can be sold on the retail market for $\$ 20$ per case, or for animal food at $\$ 1$ per case. 'Fishy' costs $\$ 10$ per case from the wholesale...
-
Whats an example of checks and balances in each branch of the government, the executive, legislative, and judcial branch?
-
Write a program that fills a String array with red and green balls. The length of array and order of the balls in the array is decided by the user. The user enters "R" for red colored balls and "G"...
-
Using the urban model, illustrate and explain how a reduction in population and a reduction in land rent will affect city size and structure.
-
how can living in a town with a high percent rate in educational high school graduate or higher and a 9.4% poverty rate impact your everyday life.
-
Provide a well-written essay of approximately 200 words. If bondholders expect the Fed to raise the interest rates what action(s) might the bondholders take?You may also answer this by discussing...
-
Complex Company produces three products in a joint production process. Raw materials are put into production in Department A, and at the end of processing in this department, three products appear....
-
Which of the following statements is false? a. Capital leases are not commonly reported in a Capital Projects Fund. b. A governmental entity may report a Capital Project Fund in one year but not the...
-
To be sure that you understand how to use the tables in Appendix A at the end of this text, solve the following exercises. Ignore income tax considerations. The correct answers, rounded to the...
-
Perez Containers Corporation is considering implementing a JIT production system. The new system would reduce current average inventory levels of $4,000,000 by 75%, but it would require a much...
-
Smart Jeans Ltd. orders high-quality denim fabric from two different suppliers: Shine Fabrics and Soft Cotton. Smart would like to use only one of the suppliers in the future. Due to variations in...
-
1. You've just accepted your first job offer at a salary of 80,000 per year. If you expect your salary to adjust/grow at an average rate of 2% per year, what will your annual salary be in 40 years?...
-
You are the marketing manager and you have a new marketing assistant joining your team. Describe what information you need to communicate for the new assistant to understand: how the marketing...
-
No organization wants a lawsuit when terminating an employee. What could an employer do to minimize the impact of dismissing an employee? A. Offer a severance package. B. Have the HR department do...
Study smarter with the SolutionInn App