Because Donna Is Not Yet Relying on Other Employees for the Actual

question 45

Essay

Because Donna is not yet relying on other employees for the actual management of the restaurant,she has become concerned with crisis management.Explain why Donna may want to develop a crisis management plan.

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Definitions:

Direct Materials

Raw materials that are directly traceable to the production of a specific product and are significant in cost.

Favorable

A term usually used in finance and accounting to describe results that are better than anticipated or that result in a benefit.

Standard Direct Materials Costs

The budgeted or standard cost of the raw materials required to produce a unit of product.

Standard Price

A predetermined cost that companies use to budget and evaluate the performance of actual costs.