Product cost: This is the total cost incurred to manufacture a product. Product costs include direct materials costs, direct labor costs, and manufacturing overhead. This cost is included in the cost of the inventory.
Direct materials cost: Direct materials cost is the cost of prime raw materials which are directly related or identified with the goods produced. For example, the cost of plastic components is identified as a direct materials cost in the production of plastic bottles.
1. Office supplies used. - direct cost
2. Bad debt expense. - indirect cost
3. Small tools used. - direct cost
4. Factory utilities. - direct cost
5. Advertising. - direct cost
6. Amortization of parents on a factory machine. - indirect cost
7 . Payroll taxes for production supervisor. - indirect cost
8. Accident insurance for factory workers. - indirect cost
9. Depreciation - Factory building. - indirect cost
10. State and federal income taxes. - indirect cost
11. Wages to assembly workers. - direct cost
12. Direct materials used. - direct cost
Factory or manufacturing overhead costs The costs, which do not relate directly to the manufacturing of products, are referred to as factory or manufacturing overhead costs.
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19). Leaders who challenge their followers to seek continuous improvement are using _____ leadership behaviors.
A) directive
B) achievement-oriented
C) supportive
D) participative
Which is correct!
Leaders who challenge their followers to seek continuous improvement are using B) achievement-oriented leadership behaviors.
Leadership, each as a research region and as a sensible talent, encompasses the potential of an character, organization or organisation to "lead", affect or manual other individuals, teams, or whole organizations. The phrase "management" regularly receives regarded as a contested time period.
Affiliative: Leaders create emotional bonds and concord. Democratic: Leaders build consensus through participation. Pacesetting: Leaders assume excellence and self-course. education: Leaders broaden people for the destiny
A leader is the one inside the price, the person who convinces other human beings to comply with. A high-quality chief evokes confidence in other human beings and actions them to movement. a pacesetter is the top guy or gal, the one going for walks the show.
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Which option would you consider a poor financial habit?
Responses
1 paying your bills on time
2 paying the minimum on your credit card bill
3 making and sticking to a budget
4 all of the above
Answer: Paying the minimum on your credit card bill.
Answer:
2 paying the minimum on your credit card bill
Determine which of the following lodgings fall under the category of specialty accommodations.
hostels
bed and breakfasts
lodges
campgrounds
resorts
conference centers
motels
The term "specialty accommodations" refers to hostels, lodges, and bed and breakfasts.
What is Accomodations?
A place to stay, such as a hotel, campground, or caravan park, is always necessary for travellers who want to visit another location or go on a trip. Accommodations are a collection of rooms or buildings where someone may live or stay.Serviced and non-serviced accommodations are divided into two categories that are distinct from one another. Since they are all in the private sector, they all want to turn a profit and expand their companies. Service is just as important in the hospitality industry as the actual goods like guest rooms, beds, and meals. No of what part they play in the business, every employee must do their part to make sure that each visitor's wants, preferences, and requirements.To know more about Accomodations visit:
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COMPLETE ANSWER
THE ANSWER TO THE QUESTION IS I'M GOING TO VOTE BRAINLIEST
YOU NEED TO PROVE YOUR ANSWER
Direction: Match the following. Write the letter of the correct answer. PROVE IT
A. Technological factor
B. Economic factor
C. Political factor
D. Social factor
E. Public
F. Middleman
G. Suppliers
H. Competitors
I. Market intermediaries
J. Customers
The factors matched with the letter of the correct answer is given as below the statement:
What are social factors?Social factors those factors that revolve around how people relate with one another in the society.
Muslims perceptions of Halal products: Social Factors - D.
According to PD NO. 442, every employee shall be paid a night shift differential of not less than ten (10%) percent of his regular wage.: Political Factors- C.
Imports will be more expensive - Economic factors - B.
The use of Fb page to increase marketability of the product: Technological Factors - A.
It is essential to have reliable source of supply of smooth working of the firm: Suppliers - G.
It is used for promoting, selling and distribution goods and services to ultimate consumers: Market Intermediaries - I.
The members of the society include financial institutions, shareholders, government employees: Public - E.
A person or organization that buys goods and services from a store or business: Customers - J.
They are wholesales, retailer's agents, and brokers who help the business firm to find the customers: Middleman - F.
They are threat of entry of new firms: Competition - H.
Hence, above mentioned are the correct options.
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Produce and discuss summary statistics and graph(s) of the relationship between the rate of change of the total assets held by Australian Money Market Corporations, and the difference of foreign and domestic interest rates (i.e. Fed funds minus cash rate), from 2010 -2021.
The Money market in Australia is one that has to do with the short term securities such as the treasury notes.
How the money market works in AustraliaThe market is known to be very dependent on the liquid assets that are in the economy. This is what is known to put the investments in the economy at a low risk.
Based on these assets the money market would have a low rate of interest in the economy. This is what would have to make borrowing to become cheap and it would cause the assets prices to rise.
This would in turn raise the inflation in the market and also decrease the value of a currency.
The graph, shows a continuous downward spiral in the money market from the year 2010 to the year 2021. But from the year 2015 to 2018, the data has a flat line to show that the growth remained the same through these years.
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Which of the following is a disadvantage of virtual teams?
O a. Limited market opportunities
O b. Poor leadership
O c. Decreased productivity
Od. Inefficient knowledge transfer
Memele
The disadvantage of virtual teams from the options that we have here would be Decreased productivity.
What is meant by virtual teams?This is the term that is used to refer to the group of workers that are known to communicate with themselves and also work together over a network or through the internet.
These people do not work under the traditional work environment. Tasks could be completed from the comfort of their homes. Hence we can say that the disadvantage of virtual teams from the options that we have here would be Decreased productivity.
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Gowri plans to start up her own business using her savings. She wants to
produce fashion clothes for women. She is a very good clothes designer but
she does not like stitching clothes together. Two friends have offered to help
Gowri. Abha is an experienced material or fabric cutter - she can cut lengths
of material or fabric for clothes with very little wastage. Aditi is quick at
sewing fabric together
Gowri intends to use her own savings to launch her own business. She desires to create stylish clothing for women. Despite being a very talented clothing designer, she dislikes sewing garments together. To assist Gowri, two pals have volunteered. Abha is an expert material cutter; she can efficiently cut material for clothing lengths. Aditi is a skilled seamstress.
What does "business" mean?
A business is essentially a group of people who cooperate to accomplish a common objective. In a business, people are employed to produce and market goods and services. The people who buy the goods and services are other people.
b) List the two production elements that Gowri's new company will require.
Gowri will require labor and land as her two primary production inputs.
c) Describe two potential costs that Gowri would incur as a result of her choice to launch her own company.
The things we give up to pursue another goal are referred to as business opportunity costs. She will forgo leisure time and other things she could have done with the money in this situation.
d) Describe one benefit and one drawback of division of labor in the context of Gowri's clothing manufacturing firm.
While the division of labor has its benefits, such making work easier, it also has drawbacks, including the tendency for workers to repeat the same actions business repeatedly.
e) Do you believe that all of the clothing that Gowri's company produces will be able to be sold? Justify your response.
Despite being a skilled designer, I believe Gowri's company won't be able to sell all the clothing it produces. She's business only getting started, so it'll be some time before she becomes well-known.
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Which of the following best describes what happens when a company has
made a profit at the end of an accounting period?
A. The credit amount is higher than the debit amount in the income
statement columns of the worksheet.
B. No amounts have to be entered into the adjustments columns in
the worksheet.
C. The debit amount is higher than the credit amount in the balance
sheet columns of the worksheet.
D. The debit and credit amounts in the adjusted trial balance
columns are equal in the worksheet.
A company has made a profit When the credit amount is higher than the debit amount in the income at the end of an accounting period.
An accounting period, in bookkeeping, is the length almost about which control debts and financial statements are prepared.
In management accounting, the accounting period varies extensively and is decided with the aid of management. monthly accounting durations are common.
In financial accounting, the accounting duration is decided with the aid of regulation and is commonly three hundred and sixty-five days. the start of the accounting period differs in line with jurisdiction. As an instance, one entity may additionally observe the calendar year, January to December, while another might also follow April to March as the accounting period.
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Which of the following acts directly affects a marketers ability to market products online?
The Act that directly affects a marketer's ability to market products online is the CAN-SPAM Act.
What is the CAN-SPAM Act?The CAN-SPAM Act stands for Controlling the Assault of Non-Solicited Por**graphy And Marketing Act of 2003 and it is an Act by the United States Congress that was passed in 2003 to regulate the marketing of products online.
The CAN-SPAM Act spells out rules for using commercial email by marketers and also extends to other methods of internet usage for marketing. Going against the Act leads to very tough penalties from the Federal Trade Commission.
Options for this question are:
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COMPLETE ANSWER
THE ANSWER TO THE QUESTION IS I'M GOING TO VOTE BRAINLIEST
YOU NEED TO PROVE YOUR ANSWER
Direction: Match the following. Write the letter of the correct answer. PROVE IT
A. Technological factor
B. Economic factor
C. Political factor
D. Social factor
E. Public
F. Middleman
G. Suppliers
H. Competitors
I. Market intermediaries
J. Customers
Matching the terms to their correct definitions is as follows:
Terms Definitions
D. Social factor: 1. Muslims' perceptions of ...
B. Economic factor: 2. According to PD No. 442 ...
C. Political factor: 3. Imports will be ...
A. Technological factor: 4. The use of FB pages ...
G. Suppliers: 5. It is essential to ...
I. Market intermediaries: 6. It is used for ...
E. Public: 7. The members of ...
J. Customers: 8. A person or organization ...
F. Middleman: 9. They are wholesalers, ...
H. Competitors: 10. They are the threat ...
What are the external factors of a business?According to PESTEL, the external factors that affect a business include political, economic, social, technological, legal, and environmental factors.
These external factors affect a firm's ability to market its goods and services to its customers.
The persons that assist or hinder the business from overcoming environmental factors are the public, middlemen, suppliers, competitors, market intermediaries, and customers.
Thus, the external factors and persons that create uncertainty for a business have been matched to their correct definitions.
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Click on this for no reason and get points
Answer:
This was a great question!
Explanation:
amazing
A retirement plan guarantees to pay to you or your estate a fixed amount for 20 years. At
the time of retirement, you will have $250,000 to your credit in the plan. The plan anticipates
earning 9% interest compounded monthly. How much will your monthly benefits be, paid at the
end of each month?
The Monthly benefits is mathematically given as
Monthly benefits = 2249.315$.
This is further explained below.
How much will your monthly benefits be, paid at the end of each month?The term "retirement planning" refers to the process of arranging one's finances in such a way as to save money, make investments, and ultimately disperse that money so that the individual will have enough to live off of
Retirement planning allows you the luxury of living a comfortable life after retirement
Generally, the equation for Present Value of Annuity is mathematically given as
[tex]P V=\frac{P}{r}\left[1-(1+r)^{-n}\right]$$$[/tex]
[tex]\Rightarrow \quad \$ 250,000=\frac{P}{0.09 / 12}\left[1-\left(1+\frac{0.09}{12}\right)^{-20 \times 12}\right][/tex]
[tex]&\Rightarrow P=\frac{\$ 250,000 \times 0.09}{12\left(1-\left(\frac{1+0.09}{12}\right)^{-240}\right]} \\[/tex]
P=$ 2249.315
In conclusion, The Monthly benefits are
MB= 2249.315$.
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Question 3 of 10 A business would like to increase consumer demand for a product that has not been selling well. According to the law of demand, how could the business accomplish this goal? A. By decreasing the supply of the product B. By increasing the supply of the product C. By selling the product at a lower price D. By selling the product at a higher price SUBMIT It's C
Answer: b
Explanation:
Answer:
The answer is "By selling the product at a lower price"
Explanation:
Just took the test
Exercise 4-34 (Algo) Application of Overhead [LO 4-3, 4-4, 4-6]
Whitley Construction Company is in the home remodeling business. Whitley has three teams of highly skilled employees, each of whom has multiple skills
involving carpentry, painting, and other home remodeling activities. Each team is led by an experienced employee who coordinates the work done on each job. As
the needs of different jobs change, some team members may be shifted to other teams for short periods of time. Whitley uses a job costing system to determine
job costs and to serve as a basis for bidding and pricing the jobs. Direct materials and direct labor are easily traced to each job using Whitley’s cost tracking
software. Overhead consists of the purchase and maintenance of construction equipment, some supervisory labor, the cost of bidding for new customers, and
administrative costs. Whitley uses an annual overhead rate based on direct labor hours.
Whitley has recently completed work for three clients: Harrison, Barnes, and Tyler. The cost data for each of the three jobs are summarized below:
Job Direct Materials Direct Labor Hours Direct Labor Cost
Harrison $ 6,948 55 $ 15,783
Barnes 13,424 94 23,770
Tyler 44,002 125 51,240
Budgeted direct materials cost and direct labor cost for the year are estimated at $515,000 and $730,000, respectively. Direct labor hours are budgeted at 29,000
hours, and total overhead is budgeted at $493,000.
Required:
1. Calculate the total cost of each of the three jobs.
2. Suppose that for the entire year, Whitley used 30,300 labor hours and total actual overhead was $512,000. What is the amount of underapplied or overapplied
overhead?
Required 1 Required 2
Complete this question by entering your answers in the tabs below.
Calculate the total cost of each of the three jobs.
Required 1 Required 2
$
$
$
Total Job
Cost
Harrison 935
Barnes 1,598
Tyler 2,125
1. The total cost of each job is as follows:
Job Total
Costs
Harrison $23,666
Barnes $38,792
Tyler $97,367
2. The amount of the overapplied overhead is $3,100.
What is the predetermined overhead rate?The predetermined overhead rate is the amount of the total manufacturing overhead cost per the allocation base.
The predetermined overhead rate is computed to determine the amount of the overhead costs attributed to each product, job, or service unit.
Data and Calculations:Job Direct Materials Direct Labor Direct Labor Overhead Total
Hours Cost Applied Costs
Harrison $ 6,948 55 $ 15,783 $935 $23,666
Barnes 13,424 94 23,770 $1,598 $38,792
Tyler 44,002 125 51,240 $2,125 $97,367
Budgeted direct materials costs = $515,000
Budgeted direct labor costs = $730,000
Budgeted direct labor hours = 29,000 hours
Budgeted total overhead costs = $493,000
Predetermined overhead rate = $17 per direct labor hour ($493,000/29,000)
Overhead applied = $515,100 (30,300 x $17)
Actual overhead = $512,000
Overapplied overhead = $3,100 ($515,100 - $512,000)
Thus, the predetermined overhead rate is $17 per direct labor hour.
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Question 7 Each of the following economic factors can have a strong impact on a firm's pricing strategy EXCEPT Select one:
a. an economic boom O
b. the reseller's reaction to price changes c. an economic recession O
d. inflation O
e. interest rates Not complete Marked out of 1 Check Question 8 15°C Cloudy Not complete Marked out of 1 Flag question P Flag question O B
Option A is correct. During the increase the economic/financial system grows, jobs are abundant and the market brings high returns to investors. In the subsequent bust the economy shrinks, human beings lose their jobs and investors lose money.
Why does prices rise when there is a boom in economy?That occurs when demand outstrips supply, allowing businesses to elevate prices. A increase starts when economic output, as measured by way of GDP, turns positive. Most leading monetary symptoms have already became advantageous earlier than that. The reason of a growth is an amplify in customer spending.
An financial boom is an often-short-lived length of speedy growth of real GDP resulting in lower unemployment, accelerating inflation fee and rising asset prices. A increase happens when real GDP is increasing an awful lot faster than the estimated style price of growth and this can lead macroeconomic overheating.
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https://brainly.com/question/1690575#SPJ9You set up a college fund in which you pay $5000 each year at the beginning of the year. How much money (in $) will you have accumulated in the fund after 26 years, if your fund earns 12% compounded annually?
if your fund earns 12% compounded annually, the accumulated balance after 26 years is $841,870.03
What is an annuity due?
An annuity due means a series of level cash flows paid at the beginning of each period for definite number of periods, in this case, the fact that the annual savings into the college fund is made at the beginning of each year means that this is a case of an annuity due, hence, using the future value formula of an annuity due as shown below, we can determine the accumulated balance after 26 years
FV=PMT*(1+r)^N-1/r*(1+r)
FV=accumulated balance after 26 years=unknown
PMT=annual deposit=$5000
r=annual interest rate=12%
N=number of annual savings in 26 years=26
FV=$5000*(1+12%)^26-1/12%*(1+12%)
FV=$841,870.03
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explain five aspects that must be considered when setting up a business venture
Five factors that must be considered business venture in the identification of Your skills, Audit the market call for Your idea, check for Availability of assets, paintings on an economic Plan, and Be geared up to face Failure.
The business venture definition is a new business that is shaped by a plan and expectation that monetary gain will observe. regularly, this type of enterprise is called a small commercial enterprise, because it normally starts offevolved with a small number of economic resources.
A business venture is any entrepreneurial organization it is created to make money. sure, that encompasses lots of different things. something from eating places to multimillion-greenback Silicon Valley tech startups to even the lemonade stand run via your neighbor's child may be taken into consideration as a business challenge. project capital is a shape of personal equity financing this is furnished by means of assignment capital corporations or finances to startups, early-degree, and emerging organizations that have been deemed to have high increase ability or that have verified high growth.
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A circle graph titled Porter Family Budget. Housing is 30 percent, Food is 25 percent, Savings is 15 percent, Transportation is 10 percent, medical is 5 percent, clothing is 10 percent, emergency fund is 5 percent. The Porter family has a net income of $5,000. If they want to reduce their food budget by $50, how much would the new food budget be? $
Answer:
60Hz is the peak of the 100w light bulb or 220 volt
Answer:
Explanation:1500
According to Hill’s generic strategy framework, the first two stages
According to Hill's generic strategy framework, the first two stages tie together an organization's corporate strategy and marketing strategy.
What is a strategy framework?It refers to those methods that businesses use to outline their plans to achieve future goals. These framework aims to demonstrate how a business or department plans to use projects and other initiatives to uphold the overall vision of stakeholders.
The Hill's Strategy Framework is considered a useful framework for strategy and development that ties up with corporate objectives. It as well provides the organizational. direction, and marketing strategy that defines how the organization will compete in its.
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A current application of a company that uses the Human Resources model is Cummins engine
True or false?
The statement is True. A current application of a company that uses the Human Resources model is Cummins engine.
Oil, coal, herbal gasoline, metals, stone, and sand are natural sources. different herbal sources are air, daylight, soil, and water. Animals, birds, fish, and flowers are herbal resources as well. herbal resources are used to make food, gas, and raw substances for the production of products.
Classical economics acknowledges three classes of resources, additionally known as factors of production: land, hard work, and capital. The land consists of all herbal resources and is considered as each the site of production and the supply of raw substances.
Resources are essential for the improvement of any united states of America. for example, to generate strength, one wants fossil fuels; and for industrial development, we require mineral sources. 6. Irrational consumption and over utilization of herbal sources have led to socio-monetary and environmental issues.
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ABC Company had the following transactions during the month. What would be the total amount of expenses for the month if ABC Company uses the accrual basis method?
a. On the first of the month, paid $7,200 for insurance for the next 12 months.
b. Received $6,000 for services to be performed equally over the next 6 months.
c. Paid $700 for the current month's rent.
d. Paid $250 cash for office supplies.
e. Paid $850 in Salaries Expense.
f. Received $1,300 in cash for service revenue earned this month.
If ABC Company had the following transactions during the month and on the first of the month, paid $7,200 for insurance for the next 12 months. The total amount of expenses for the month if ABC Company uses the accrual basis method is: $2,400.
Total amount of expensesUsing this formula
Total amount of expenses=Amount paid for insurance for the next 12 months+ Amount paid for the current month's rent+ Amount Paid for cash for office supplies+ Amount Paid in Salaries Expense.
Let plug in the formula
Total amount of expenses=($7,200/12 months)+$700+$250+$850
Total amount of expenses=$600+$700+$250+$850
Total amount of expenses=$2,400
Therefore if ABC Company had the following transactions during the month and on the first of the month, paid $7,200 for insurance for the next 12 months. The total amount of expenses for the month if ABC Company uses the accrual basis method is: $2,400.
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The key factors that affect a country’s level of economic development are
Group of answer choices
literacy level, technology, and agricultural dependency.
religion, traditions, and customs.
government system, political stability, and trade barriers.
location, climate, and natural resources.
The key factors that affect a country’s level of economic development are literacy level, technology, agricultural dependency and natural resources.
Literacy is the ability to apply published and written statistics to feature in society, achieve one's goals, and broaden one's expertise and capacity. The competencies required. Abilities-based definition. Literacy is the potential to study, write, talk and listen in a manner that lets us communicate efficiently and make sense of the arena.
Literacy is defined as being able to study and write or having know-how approximately a selected challenge. While you may examine, this is an instance of literacy. When you are acquainted with math, this is an instance of literacy in mathematics. The ability to read.
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what are some of the main challenges that eThekwini municipality had to deal with regarding the professional development of their employees?
To take advantage of chances more specifically related to eThekwini's selling features in order to satisfy broader governmental objectives and expectations are some role played by the eThekwini municipality.
What is professional development of their employees?The process through which employees, with the assistance of their employer, take part in formal education programs or look for learning opportunities to expand their knowledge.
Careers are known as employee development, sometimes known as professional development or staff development.
Thus, To take advantage of chances more specifically related to eThekwini's selling feature.
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Mobile allocates 1,692 3/4 gallons of gas per month. If he sells 582 1/2 + 275 1/2 + 189 1/8 + 280 1/4 equal
The left over allocation is mathematically given as
Xj=746.875
This is further explained below.
What is the left over allocation?A mobile allocation index offset for mobile phone technology refers to a temporal delay dividing traffic channels.
The different traffic channels hop over the allotted frequencies when a GSM mobile phone is being supplied by a cell that's also hopping over a certain set of frequencies in accordance with a hopping sequence number.
Generally, the equation for the allocation total is mathematically given as
Xt=1st+2nd+3rd+4th weeks allocation
Therefore
Xt=582 1/2 + 275 1/2 + 189 1/8 + 280 1/4
Xt=522.125
Therefore, The allocation Jerry has to cover is
Xj=1692(3/4)-522.125
Xj=746.875
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CQ
The CQ is attached below
Enos Printing Corp. uses a job order cost system. The following data summarize the operations related to the first quarter's production.
1. Materials purchased on account $192,000, and factory wages incurred $87,300.
2. Materials requisitioned and factory labor used by job:
Job Number, Materials, Factory Labor
A20 , $35,240 $18,000
A21 , 42,920 22,000
A22 , 36,100 15,000
A23 , 39,270 25,000
General
Factory
Use 4470 7300
—————————————-
$158,000 $87,300
3. Manufacturing overhead costs incurred on account $49,500.
4. Depreciation on factory equipment $14,550.
5. Depreciation on the company's office building was $14,300.
6. Manufacturing overhead rate is 90% of direct labor cost.
7. Jobs completed during the quarter: A20, A21, and A23.
Direct materials are the resources and materials used in the production of a product that can be immediately linked to that product. Typically, a product's bill of materials contains a list of the materials that have been recognized as direct materials. The unit quantities and average costs of each material used in a product are listed in the bill of materials, which may also include an allocation for overhead.
Job Direct
Materials Direct
Labor Manufacturing
Overhead Total
A20 $ 37,440 $ 18,100 $ 15,204 $ 70,744
A21 $ 45,120 $ 23,800 $ 19,992 $ 88,912
A23 $ 41,270 $ 27,100 $ 22,764 $ 91,134
$ 250,790
Calculations:
Manufacturing overhead = Direct labor x 84%
Total = Direct materials + Direct labor + Manufacturing Overhead
No. Account Titles and Explanation Debit Credit
1 Raw material inventory $ 197,100
Accounts payable $ 197,100
[To record purchase of Materials]
Factory wages $ 92,700
Factory wage payable $ 92,700
[To record factory wages]
2 Work in process inventory $ 160,430
Manufacturing overhead $ 4,770
Raw materials inventory $ 165,200
[To record distribution of materials]
Work in process inventory $ 84,400
Manufacturing overhead $ 8,300
Factory labor $ 92,700
[To record distribution of labor]
3 Manufacturing overhead $ 53,300
Accounts payable $ 53,300
[To record Manufacturing overhead]
4 Manufacturing overhead $ 16,850
Accumulated depreciation $ 16,850
[To record depreciation expense on factory equipment]
5 Depreciation Expense $ 14,600
Accumulated depreciation $ 14,600
[To record depreciation expense on office building]
6 Work in process inventory [$84,400 x 84%] $ 70,896
Manufacturing overhead $ 70,896
[To record applied overhead]
7 Finished goods inventory $ 250,790
Work in process inventory $ 250,790
[To record completion of Jobs]
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Organizers of an outdoor summer concert in Toronto are concerned about the weather conditions on the day of the concert. They will make a profit of $33,000 on a clear day and $18,000 on a cloudy day. They will take a loss of $4,000 if it rains. The weather channel has predicted a 50% chance of rain on the day of the concert. Calculate the expected profit from the concert if the likelihood is 10% that it will be sunny and 40% that it will be cloudy.
Answer:
50%
Explanation:
get the work by the division of it
Blue Lagoon Company provides the following information at the end of 2024.
Cash remaining
Rent expense for the year
Land that has been purchased
Retained earnings
Utility expense for the year
Accounts receivable from customers
Service revenue recognized during the year
Salary expense for the year
Accounts payable to suppliers
Dividends paid to shareholders during the year
Common stock that has been issued prior to 2024
Salaries owed at the end of the year
Insurance expense for the year
Retained earnings at the beginning of the year
No common stock is issued during 2024.
$3,100
5,300
19,000
10,700
3,200
5,500
28,500
11,600
1,350
1,500
14,000
1,550
1,800
5,600
Required:
1. Prepare the income statement for Blue Lagoon Company on December 31, 2024.
2. Prepare the statement of stockholders' equity for Blue Lagoon Company on December 31, 2024.
3. Prepare the balance sheet for Blue Lagoon Company on December 31, 2024.
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Explanation: ag,ma;lmhg,a'lha',jh
You are the owner of a computer business that makes and sells computer products and services. Your main products are computers and printers, but you also offer services of installation and technical support. Your super-fast computers that include additional CAD drawing software have a cost of $600, whereas the regular updated computers have a cost of $400. The printers are manufactured at a cost of $90. For your sales price, you have a 20% markup on the computers and printers, but no markup on the installation costs. The Allied Company just contacted you and would like you to install a new network of computers and printers in their company. They would like 20 regular computers, 5 super-fast computers and 8 printers. The installation costs will total $2,000. a) What will be the total sales price of all the computers? b) What will be the total sales price of all the printers? c) What is the total sales price of everything, including the $2,000 installation?
a) The total sales price of all the computers is $13,200.
b) The total sales price of all the printers is $864.
c) The total sales price of everything, including the $2,000 installation is $16,064.
What is the total cost?The total cost or total sales price is the addition of all the different product and service costs, including the markup.
Data and Calculations:Super-fast Regular Printers Installation Total
Product Cost $600 $400 $90
Markup $120 $80 $18
Selling price $720 $480 $108 $2,000
Units 5 20 8 1
Total sales price $3,600 $ 9,600 $864 $2,000 $16,064
The total sales price of all the computers is $13,200 ($3,600 + $9,600).
The total sales price of all the printers is $864.
The total sales price of everything, including the $2,000 installation is $16,064.
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PA6. 6.3 Box Springs, Inc., makes two sizes of box springs: twin and double. The direct material for the twin is $25 per unit and $40 is used in direct labor, while the direct material for the double is $40 per unit, and the labor cost is $50 per unit. Box Springs estimates it will make 5,000 twins and 9,000 doubles in the next year. It estimates the overhead for each cost pool and cost driver activities as follows: How much does each unit cost to manufacture?
The cost to manufacture Twin is $ 210 per unit and Double is $ 132 per unit.
Why does manufacture mean?Making something in a factory, typically in big quantities, is referred to as manufacturing it. The business makes plastics.
Briefing:Twin Double
Direct material 25 35
Direct labor cost 35 55
Overhead 150 42
Total per unit 210 132
Workings:
Activity Activity rate
Framing 25=175000/(6000+1000)
Padding 1=240000/(130000+110000)
Filling 0.4=320000/(450000+350000)
Labelling 0.2=250000/(800000+450000)
Inspection 11=187000/(12000+5000)
Activity Twin Double
Framing 150000 25000
Padding 130000 110000
Filling 180000 140000
Labelling 160000 90000
Inspection 132000 55000
Total overhead 752000 420000
Divide by units 5000 10000
Overhead per unit 150 42
Activity Twin Double
Framing = 6000*25 = 1000*25
Padding = 130000*1 = 110000*1
Filling = 450000*0.4 = 350000*0.4
Labelling = 800000*0.2 = 450000*0.2
Inspection = 12000*11 = 5000*11
The cost to manufacture Twin is $ 210 per unit and Double is $ 132 per unit.
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What role do you think goals would play in planning the change in a company? List some goals you think might be important. (Make sure these goals have the characteristics of SMART goals
Specific: To boost sales at work, I will learn new sales strategies.
Measurable: In the next four months, I want to double my sales.
I've been a sales associate for two years, so I can do it.
Relevant: I want to acquire new abilities and feel more self-assured at work.
What function does goal-setting have throughout the planning stage?Setting goals is an effective strategy that gives your efforts direction, concentrates your attention, encourages perseverance, and boosts your confidence. Setting goals helps you see your long-term vision, the steps necessary to get there, and the drive to start.
How do objectives affect employee motivation at work?Goals should be SMART in order to inspire personnel (specific, measurable, aggressive, realistic, and time-bound). Employees are motivated by SMART goals because they enliven behavior, give it direction, present a challenge, push them to think creatively, and come up with new and creative ways to perform.
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