1. The total cost of Job A is $191,400.
2. The total factory overhead applied during September is $46,200.
3. The underapplied overhead is $7,500.
Data and Calculations:
Estimated direct labor hours = 98,000 hours
Estimated factory overhead = $588,000
Predetermined overhead rate = $6 per direct labor hour ($588,00/98,000)
September 1, inventories:Materials inventory $ 8,900
Work-in-process inventory (All Job A) 34,000
Finished goods inventory 74,000
Material purchases 125,000
Direct materials requisitioned
Job A 79,000
Job B 40,500
Direct labor hours
Job A 5,600
Job B 2,100
Labor costs incurred:
Direct labor ($8.00/hour) 61,600
Indirect labor 14,900
Supervisory salaries 7,400
Rental costs:
Factory 8,400
Administrative offices 3,200
Total equipment depreciation costs:
Factory 9,600
Administrative offices 3,700
Indirect materials used 13,400
Production Costs:Job A Job B Total
Work-in-process inventory $34,000 $34,000
Direct materials 79,000 $40,500 119,500
Direct labor costs 44,800 16,800 61,600
Overhead applied 33,600 12,600 46,200
Total costs $191,400 $69,900 $261,300
Overhead Costs:Indirect labor 14,900
Supervisory salaries 7,400
Factory Rent 8,400
Factory Depreciation 9,600
Indirect materials used 13,400
Total actual overhead = $53,700
Overhead applied $46,200
Underapplied overhead $7,500
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A meeting of the minds refers to
Answer:
an understanding or agreement between two people or groups?
Explanation:
I din completely know If this is right but I think??
A corporation that pollutes a body of water has not met its moral minimum duty of social responsibility even if the business later companies those whom the pollution has injured.
The statement is False. A corporation that pollutes a body of water has not met its moral minimum duty of social responsibility even if the business later companies those whom the pollution has injured.
The proprietors of a corporation are shareholders (also referred to as stockholders) who gain hobby in the business by using shopping stocks of stock. Shareholders choose a board of directors, who are answerable for coping with the organization.
Nowadays, the standard answer is that an organization's purpose is to benefit its shareholders – academics communicate the “shareholder primacy norm,” and many communicate corporate managers' projects as “shareholder wealth maximization.” Even apparently selfless corporate acts, including charitable donations, are justified.
A company is a form of commercial enterprise employer that doubles as a separate criminal entity from its proprietors. All businesses are companies, however, now not all corporations are necessarily companies.
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Identify four factors of production needed by Baker’s to produce bread and cookies.
In batch production, a set of things are finished through each stage of the production process one at a time. Making bread at a bakery is a nice illustration of batch manufacturing.
What are the four 4 factors of production What is their relationship?Inputs utilized in the creation of goods or services to generate a profit are referred to as factors of production in economics. These comprise any material required for the production of a good or service. Land, labor, capital, and entrepreneurship are the components of production.
The elements used to make a cake, such as flour and sugar, all came from crops, which are analogous to the factors of production (land). Even the chickens that laid the eggs consumed grains or corn that had been cultivated in the soil. You put forth the time and effort to combine the elements (labor).
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Compare and contrast the two types of workplace motivation
A personal drive is necessary for self-motivation, although other people may encourage you when you're doing well and provide a hand when things aren't going as planned in group motivation. Self-motivation demands a personal desire.
This is further explained below.
What is Self-motivation?Generally, The concept of motivation refers to the driving force behind why people and other creatures start, maintain, or stop engaging in a certain action at a certain point in time.
It is usual practice to define motivational states as factors operating inside the agent that provides a tendency to participate in an action that is geared toward achieving a goal.
In conclusion, A personal drive is required for self-motivation, but other people may support you when you're doing well and provide a hand when things aren't going as planned in group motivation. Self-motivation requires a personal drive, while group motivation requires a group drive. A strong personal passion is necessary for self-motivation.
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Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and total cash
outflows.
Rent for the month
Spending for food
Savings account balance
Current value of automobile
Credit card balance.
Auto insurance
Video equipment
Lunches/parking at work
Personal computer
Clothing purchase
$1,550
$ 795
$ 2,070
$ 9,400
$325
$ 410
$ 2,800
$ 270
$ 2,100
$ 200
Monthly take-home salary
Cash in checking account
Balance of educational loan
Telephone bill paid for month
Loan payment
Household possessions
Payment for electricity
Donations
Value of stock investment
Restaurant spending
$ 3,085
$ 630
$ 3,240
$155
$ 260
$ 5,200
$ 180
$ 340
$ 1,310
$ 220
Answer: khjbkjbkbkjbkjb
Explanation:
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QUESTION TWO (30 MARKS)
The accountant of Richfield Pty Ltd did not provide for the depreciation on non-current assets in the current financial year. He approached you to assist her in calculating the depreciation and with the disclosure of property, plant and equipment in the financial statements for the year ended 30 June 2018.
The following balances were extracted from the records of Richfield Pty Ltd on 30 June 2018
Machinery at cost R660 000
Accumulated depreciation on machinery R131 250
Vehicles at cost R360 000
Accumulated depreciation on vehicles R21 600
Equipment at cost R480 000
Accumulated depreciation on equipment R70 000
Additional information.
1. A manufacturing machine was purchased on 31 July 2016 at a cost of R660 000. The estimated production capacity of the machine is 180 000 units over the useful life of the machine. The estimated residual value at the end of its useful life is R30 000. During the financial year, 42 000 units (2017: 37 500 units) were manufactured by the machine.
2. Depreciation on vehicles is provided at 30% per annum on the carrying amount method. A new vehicle with a cost of R216 000 was purchased on 31 August 2017 and correctly recorded. The other vehicles were purchased on 1 January 2017.
3. Equipment with an estimated economic useful life of six years was depreciated using straight-line method. New equipment with a cost of R120 000 was purchased on 1 April 2018 and is included in the balance on 30 June 2018. The other equipment was purchased on 1 May 2016.
REQUIRED: Disclose property, plant and equipment on the statement of financial position and in the notes to the financial statements of Richfield Pty Ltd on 30
The disclosures of property, plant, and equipment on the statement of financial position and in the notes to the financial statements of Richfield Pty Ltd on 30 June 2018 are as follows:
Statement of Financial PositionProperty, Plant, and Equipment:
Machinery at cost R660,000
Accumulated depreciation on machinery R278,250 R381,750
Vehicles at cost R360,000
Accumulated depreciation on vehicles R129,600 R230,400
Equipment at cost R480 000
Accumulated depreciation on equipment R145,000 R335,000
Notes to the Financial StatementsProperty, Plant, and Equipment:
Cost Depreciation Accumulated Ending
Expenses Depreciation Balance
Machinery R660,000 R147,000 R278,250 R381,750
Vehicles R360,000 R108,000 R129,600 R230,400
Equipment R480 000 R75,000 R145,000 R335,000
Data and Calculations:Richfield Pty Ltd on 30 June 2018
Machinery at cost R660 000
Accumulated depreciation on machinery R131 250
Vehicles at cost R360 000
Accumulated depreciation on vehicles R21 600
Equipment at cost R480 000
Accumulated depreciation on equipment R70 000
1) Machinery:Cost = R660,000
Residual value = R30,000
Depreciable amount = R630,000
Depreciation Expenses for the year = R147,000 (R630,000 x 42,000/180,000)
2) Vehicle:Cost = R360,000
Depreciation Expenses = R108,000 (R360,000 x 30%)
3) Equipment:Old Equipment's Depreciation Expense = R60,000 (R360,000/6)
New Equipment's Depreciation Expense = R15,000 (R120,000/6 x 9/12)
Total Equipment's Depreciation Expenses = $75,000
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How much money must you deposit in a savings account today to have Rs. 20000 in 20 years if the interest rate 7% compounded annually?
You must deposit Rs. 6122 into a savings account today.
Equation:-Assuming that Principal (P) = 20000
A = P[1+(R/100)] where Rate (R) = 7 and Number of Years (n) = 20.
ⁿ\s= 20000[1+(7/100)]
²⁰\s= 20000[1+(1/7)]
²⁰\s= 2000[(7+1)/7]
²\s= 20000 X (8/7) X (8/7)\s= 26122
Total Amount, A = 26122 Rupees
Compound Interest (CI) equals A-P = Rs. 26122 x 20 000 = Rs. 6122
What does the term "compound interest" mean?The interest you earn on interest is known as compound interest. Simple math may be used to demonstrate this: if you have $100 and it generates 5% interest annually, you will have $105 at the end of the first year. You'll have $110.25 after the second year is over.
What is meant by the phrase "compound interest"?Compound interest is the term for interest that is earned on interest. This may be shown using simple math: if you start with $100 and it earns 5% interest every year, you will have $105 at the end of the first year. After the second year, you'll have $110.25.
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Identify and describe at least three factors in the external environment that affect college environment.
The external environment, technological environment ,sociocultural environment are three factors in the external environment that affect college environment.
Another significant development that shouldn't be ignored is the state of the economy. This environment alludes to crucial elements of the financial framework in which colleges function. For instance, a decrease in tuition costs is an example of transformation in the economic realm. Due to the tightening of the spending ceilings, as tuition costs drop, the number of students enrolled for a given time period rises. Additionally, an institution with better or even great financial management will see higher enrollment success.The ethical view of an individual is formed by the contribution mostly of these factors -
Family influencePeer influence (friends, school mates)Life experiencesPersonal values and moralsSituational factors (certain events)Learn more about external environment
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Assume the same facts as in Hurte-Paroxysm Products, Inc. (A). HP Products also believes that if it maintains the same price in Brazilian reais as a permanent policy, volume will increase at 10% per annum for six years. Dollar costs will not change. At the end of six years HP Products’ patent expires and it will no longer export to Brazil. After the reais is devalued to R$4.00/US$ no further devaluation is expected. If HP Products raises the price in reais so as to maintain its dollar price, volume will increase at only 4% per annum for six years, starting from the lower initial base of 40,000 units. Again dollar costs will not change, and at the end of six years HP Products will stop exporting to Brazil. HP Products’ weighted average cost of capital is 12%. Given these considerations, what do you recommend for HP Products’ pricing policy? Justify your recommendation.
Answer:
nick grimshaw has revealed his first novel about
What following agency is responsible for enforcing title seven of the civil rights act and the Americans with disabilities act
We can actually deduce here the agency that is responsible for enforcing Title VII of the Civil Rights Act and the Americans with disabilities act is the Equal Employment Opportunity Commission (EEOC).
What is Civil Rights Act?Civil Rights Act is actually known to be act that was set-up in 1964 which is a civil rights and labor law seen in the United States. This act is known to kick against any form of discrimination that is based color, race, sex, origin and religion.
We see that Title VII of the Civil Rights Act was given to the Equal Employment Opportunity Commission (EEOC) to enforce.
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Renee works at Indigo Inc. and attends school part-time as part of her company’s educational assistance program. In 2020 her company reimbursed her a total of $6,250 for tuition, books, supplies, fees, etc., related to her schooling. How much of this amount can Renee exclude from her gross income?
A. $0, this is a company sponsored benefit and does affect the individual’s return
B. $5,250, the maximum exclusion allowed under an employer’s educational assistance program
C. $5,750 the maximum exclusion allowed under an employer’s educational assistance program
D. $6,250 the maximum exclusion allowed under an employer’s educational assistance program
What statements describe Theodore Roosevelt's presidency? Check all that apply.
✓ Roosevelt expanded the power of the presidency.
✓ Roosevelt created the country's first national parks.
* Roosevelt established limits on the office of the president.
✓ Roosevelt negotiated construction of the Panama Canal.
* Roosevelt expanded the United States with the Louisiana Purchase.
* Roosevelt established arms reduction treaties with the Soviet Union.
The presidency of Theodore Roosevelt is described in the remarks. Roosevelt established the first national parks in the nation.
On more than 230 million acres of public land after taking office in 1901, Roosevelt utilized his power to create 150 national forests, 51 federal bird reserves, four national game preserves, five national parks, and 18 national monuments.
What motivated Roosevelt to establish national parks?To preserve woods for future use was the goal. Roosevelt, a fervent supporter of using the nation's resources, wanted to ensure their sustainability. During his presidency, Roosevelt established 51 Federal Bird Reserves, making him the first president to do so.
What kind of social impact has Theodore Roosevelt had?Roosevelt created 150 national forests, 51 federal bird reserves, four national wildlife preserves, five national parks, and 18 national monuments on more than 230 million acres of public land after taking office in 1901.
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Answer:
A B D
Explanation:
Which scenarios can be considered effects of Soul Sister shoe store choosing to sell dresses shoes or over sneakers select two answers
Option A and B are correct. A)High faculty athletes quit purchasing there: This choice is correct. As the corporation is no extra producing the sneaker shoe. Therefore, excessive school athletes stop shopping there. This choice is correct.
B.)The stock of sports activities socks goes unsold: This choice is correct.
As the business enterprise modifications the manufacturing from the sports activities to the dress shoes. The gadgets of sports socks go unsold, as no greater buyers will come to purchase the socks only. This impact is correct.
What is an instance of a scenario?A possible scenario would be that we pass to the city. The most in all likelihood scenario is that he goes again to faculty in the fall. The best-case scenario would be for us to finish the work via tomorrow. In the worst-case scenario, we would have to start the undertaking all over again.
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https://brainly.com/question/14924029#SPJ936). The mature partnership phase is characterized by ____.
A). tasks
B). testing of roles
C). reciprocity
D). career-oriented exchanges
Which is correct?!
Option (C) reciprocity is correct.
The mature partnership phase is characterized by reciprocity.
This phase comes under LMX theory.
What is LMX theory?The formal leader-member exchange theory, which first elaborated on the nature of the leader-follower interaction and its results before creating a model for effective leadership, was most notably developed by George Graen and his colleagues.While the majority of theories have placed a strong emphasis on the leader's perspective, the LMX theory views leadership as a process that is oriented on interactions between leaders and followers. According to the LMX theory, the process is centered on a dyadic relationship between leaders and followers.A prescriptive approach to leadership called leadership making emphasizes that all of a leader's followers, not just a select few, should engage in high-quality exchanges with them. Three phases—the stranger phase, the acquaintance phase, and the mature partnership phase—are involved in the development of leadership through time.High-quality discussions between leaders and members characterize phase three, mature cooperation. People that have developed to this stage in their relationships feel a great deal of obligation, respect, and trust for one another.Learn more about LMX theory here:
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How do agency problems arise? Give some examples of agency problems in the South African context. How can corporations monitor the costs of the problem?
Institutional investors are affecting the work of the agency.
What are the problems related to agency in South Africa?Agency expenses are influenced by corporate governance structures and the presence of institutional investors in South African publicly traded companies. According to our research, independent boards reduce agency expenses whereas huge boards increase them. It is crucial to separate institutional investors based on their investment goals and their capacity for effective monitoring to cut down on agency expenses. The findings demonstrate that while institutional investors, who have been viewed as a homogeneous group, have looked to play a significant governance role in reducing agency difficulties, pressure-insensitive investors have a greater ability to affect agency-related concerns. Results have an impact on how institutional investors and independent non-executive directors in South Africa can monitor companies.
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35). The later LMX studies shifted focus from describing in- and out-groups to focusing on how LMX ______.
A) relates to organizational effectiveness
B) assesses leader behaviors
C) mirrors servant leadership
D) relates to follower skill development
Which is correct!
Do some research online and list 3 promotions that have exceeded a business' expectations
List three promotions that have surpassed a business's expectations after doing some online research.
7 methods for exceeding clients' expectations
Don't be afraid to surprise people.
Become more responsive.
Ensure a unified experience over all channels.
Avoid making commitments you can't maintain.
Get close.
aiding customers in self-help.
Include your target audience in the creation process.
What are six strategies to satisfy or surpass expectations?Six Ways to Outperform Customers' Expectations
Think carefully. Give them a pleasant, simple purchasing experience.
Be perfect in your word choice. Give thorough explanations of your goods or services, and only make guarantees you can maintain.
Maintain good manners.
Keep your word.
Be approachable.
Donate freely.
Can you give an instance where you surpassed a client's expectations?taking over for a manager or boss who was forced to miss work due to unforeseen circumstances. putting forth extra effort to satisfy an unique request from a patient, client, or other constituent. Anything else you did to make your company's clients or customers happy outside the scope of your regular work responsibilities
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what is an example of a personal-use property?
ang kagan daha na ay ikaw
Taxes are cut by 10% for all income levels. What type of policy is being conducted
When taxes are cut, the type of policy that is being conducted is a expansionary fiscal policy.
What is a expansionary fiscal policy?
Fiscal policies are policies enacted by the government to control the money supply in the economy. Fiscal policy can either be contractionary or expansionary.
Expansionary fiscal policy is when the government increases the supply of money in the economy. This can be done either by reducing the taxes or increasing their level of spending.
Contractionary fiscal policies is when the government reduces the money supply in the economy either by reducing their spending or increasing taxes.
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Problem 2-5A (Algo) Analyze the impact of transactions on the accounting equation and record transactions (LO2-2, 2-4)
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[The following information applies to the questions displayed below.]
Karen owns a lawn maintenance company, and Janine owns a machine repair shop. For the month of July, the following transactions occurred.
July 3 Karen provides lawn services to Janine's repair shop on account, $450.
July 6 One of Karen's mowers malfunctions. Janine provides repair services to Karen on account, $400.
July 9 Janine pays $450 to Karen for lawn services provided on July 3.
July 14 Janine borrows $550 from Karen by signing a note.
July 18 Karen purchases advertising in a local newspaper for the remainder of July and pays cash, $120.
July 20 Karen pays $400 to Janine for services provided on July 6.
July 27 Janine performs repair services for other customers for cash, $750.
July 30 Janine pays employee salaries for the month, $250.
July 31 Janine pays $550 to Karen for money borrowed on July 14.
Problem 2-5A (Algo) Part 2
Required:
2. Using the format shown below, enter the impact of each transaction on the accounting equation for each company. (Decreases to account classifications should be entered as a negative.)
Entering the impact of each transaction on the accounting equation for each company is as follows:
Karen (Lawn Maintenance Company):Assets = Liabilities + Equity
Date Cash Accounts Notes = Accounts + Retained Earnings
Receivable Receivable Payable Revenue - Expenses
July 3 $450 $450 (Service Rev.)
July 6 $400 -$400 (Repair Expense)
July 9 $450 -$450
July 14 -$550 $550
July 18 -$120 -$120 (Advertising Expense)
July 20 -$400 -$400
July 31 $550 -$550
Janine (Machine Repair Shop):Assets = Liabilities + Equity
Date Cash Accounts = Notes Accounts + Retained Earnings
Receivable Payable Payable Revenue - Expenses
July 3 $450 -$450 (Lawn Expenses)
July 6 $400 $400 (Service Revenue)
July 9 -$450 -$450
July 14 $550 $550
July 20 $400 -$400
July 27 $750 $750 (Service Revenue)
July 30 -$250 -$250 (Salaries Expense)
July 31 -$550 -$550
Transaction Analysis:Karen's Company:July 3 Accounts Receivable $450 Service Revenue $450.
July 6 Repairs Services $400 Accounts Payable $400
July 9 Cash $450 Accounts Receivable $450
July 14 Note Receivable $550 Cash $550
July 18 Advertising Expenses $120 Cash $120
July 20 Accounts Payable $400 Cash $400
Janine's Company:July 3 Lawn Expenses $450 Accounts Payable $450
July 6 Accounts Receivable $400 Service Revenue $400
July 9 Accounts Payable $450 Cash $450
July 14 Cash $550 Note Payable $550
July 20 Cash $400 Accounts Receivable $400
July 27 Cash $750 Service Revenue $750
July 30 Salaries Expense $250 Cash $250
July 31 Note Payable $550 Cash $550
Thus, the accounting equation states that Assets = Liabilities + Equity.
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Central planning often suffers from a coordination problem and an incentive problem.
True
False
Central planning often suffers from a coordination problem and an incentive problem is a true statement.
What is Planning?Planning is the process of creating a specific plan that outlines how personnel will exercise control and what the overall objectives will be. In essence, it lays out the process for achieving the goal each step-by-step.
Additionally, as the procedures are being completed, adjustments must be made in the controlling process. This quality controls the time and the quantity.
Central planning helps managers to coordinate in a more organized and effective manner. It is true that the economic system frequently experiences communication and motivational issues.
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You are planning your retirement and you come to the conclusion that you need to have saved $3 million in 30 years. You can invest into an retirement account that guarantees you a 10% annual return. How much do you have to put into your account at the end of each year to reach your retirement goal?
The amount that he should put into the account at the end of each year is $18,237.74.
How much should he put in the account each year?An annuity is a series of payment that is made over a period of time. The amount that should be invested at the end of each year to meet the retirement goal is a function of the future amount you want when you retire, the number of years before you retire and the interest rate.
Amount to be invested each year = future value / annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
Where:
r = interest rate = 10%n = number of years = 30Annuity factor = [(1.10^30) - 1] / 0.10 = 164.49402
Amount to be invested each year = 3,000,000 / 164.49402 = $18,237.74
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what are the four considerations you should follow to uphold your ethics? is it don’t jump to conclusions, evaluate the situation, identify the criteria and seek counsel?
There are four main principles of ethics: autonomy, beneficence, justice, and non-maleficence.
Ethics is what courses us, to tell the truth, keep our promises, or help someone in need. there's a framework of ethics underlying our lives on a day-by-day foundation, supporting us make choices that create advantageous effects and guidance us far from unjust outcomes.
We use ethics in our everyday lives to improve the exceptional of our relationships. high satisfactory close relationships contribute to intellectual and physical nicely-being. They fulfill our mental want for intimacy and belongingness. How we deal with others is primarily based on what we cost in relationships.
Ethics is a set of ethical requirements and values ideal in society. it's miles applicable in the context of a society most effective. Ethics courses human conduct or behavior. If any member of society behaves contrary to the norms and customs, society disapproves of it.
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Accounts must have a high sense of________ in which they use personal morals and values when making business decisions
Accountants need to have a strong sense of objectivity so that they may base business judgments on their own morals and values.
What are one's own values and morals?Values define what people personally want, whereas morals define what the society in which they live wants for them. In a particular society, some behaviors are viewed as desirable while others are viewed as undesirable.
Where do your moral principles come from?One response to this is that moral principles are taught by religions through sacred books and religious leaders, and that even non-religious people's moral principles have been absorbed from the religious past present in their environment.
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