Question: could u please write the answer in a form that I will understand Hurley Associates is a construction engineering firm that Suppose that during 2020,



Hurley Associates is a construction engineering firm that Suppose that during 2020, the market for prepares detailed construction drawings for single-family construction drawing jobs increases by 14%. homes. The market for this service is very competitive. To Assume that any increase in market share more compete successfully Hurley must deliver quality service than 14% and any decrease in selling price are the at low cost. Hurley presents the following data for 2019 result of strategic choices by Hurley's. and 2020 management to implement its strategy. (Click the icon to view the data) Read the requirement. (Click the icon to view additional information.) Calculate how much of the change in operating income from 2019 to 2020 is due to the industry-market-size factor: Begin by selecting the formula you will use. Then enter the amounts and calculate the change in operating income due to the industry-market-size factor. Determine whether the amount has a favorable effect on operating incornb or unlavorable effect. (Label the variance as favorable (F) or unfavorable (U).) Data table Engineering labor-hour costs are variable costs. Engineering support costs ror eacr year ucporn w.m engineering support capacity that Hurley chooses to maintain each year (that is, the number of jobs it can do each year). Engineering support costs do not vary with the actual number of jobs done in a year: Reference The growth, price-recovery and productivity components of the change in operating income from 2019 to 2020 are as follows: dustry-market-siz pange in operating on operating incom Requirement Calculate how much of the change in operating income from 2019 to 2020 is due to the industry-market-size factor, product differentiation, and cost leadership. How successful has Hurley been in implementing its strategy? Explain. Hurley Associates is a construction engineering firm that Suppose that during 2020, the market for prepares detailed construction drawings for single-family construction drawing jobs increases by 14%. homes. The market for this service is very competitive. To Assume that any increase in market share more compete successfully Hurley must deliver quality service than 14% and any decrease in selling price are the at low cost. Hurley presents the following data for 2019 result of strategic choices by Hurley's. and 2020 management to implement its strategy. (Click the icon to view the data) Read the requirement. (Click the icon to view additional information.) Calculate how much of the change in operating income from 2019 to 2020 is due to the industry-market-size factor: Begin by selecting the formula you will use. Then enter the amounts and calculate the change in operating income due to the industry-market-size factor. Determine whether the amount has a favorable effect on operating incornb or unlavorable effect. (Label the variance as favorable (F) or unfavorable (U).) Data table Engineering labor-hour costs are variable costs. Engineering support costs ror eacr year ucporn w.m engineering support capacity that Hurley chooses to maintain each year (that is, the number of jobs it can do each year). Engineering support costs do not vary with the actual number of jobs done in a year: Reference The growth, price-recovery and productivity components of the change in operating income from 2019 to 2020 are as follows: dustry-market-siz pange in operating on operating incom Requirement Calculate how much of the change in operating income from 2019 to 2020 is due to the industry-market-size factor, product differentiation, and cost leadership. How successful has Hurley been in implementing its strategy? Explain
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