Answer:
the answer is D
I think it will helps you
Brown Corporation uses a job-order costing system with a single plant-wide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours 40,000 Total fixed manufacturing overhead cost $344,000 Variable manufacturing overhead per machine-hour $3.9 Recently, Job M759 was completed. It required 60 machine-hours. The amount of overhead applied to Job M759 is closest to: (Round your intermediate calculations to 2 decimal places).
Answer:
See below
Explanation:
With regards to the above, first we need to compute the fixed manufacturing overhead.
Fixed manufacturing overhead
= Total fixed manufacturing overhead ÷ Total machine hours
= $344,000 ÷ 40,000
= $8.6 per machine hour
Calculation of overhead applied to Job M759
Variable manufacturing overhead
= 60 machine hours × $3.9
= $234
Fixed manufacturing overhead
= 60 machine hours × $8.6
= $516
Therefore, total overhead applied to job M759 is $750
The supply and demand curves reflect the availability and cost of a new gaming system. If the gaming system market is currently at Demand and Supply 1, which change to the graph would have to occur to increase equilibrium price while lowering equilibrium quantity? (5 points)
Group of answer choices
Add Demand 1 to left of Demand.
Add Demand 1 to right of Demand.
Add Supply 2 to left of Supply 1.
Add Supply 2 to right of Supply 1.
Answer:
Add Demand 1 to right of Demand.
Explanation:
The supply and demand curves reflect the availability and cost of a new gaming system. The change to the graph would have to occur is to Add demand 1 to the right of demand for increasing equilibrium price while lowering equilibrium quantity.
What do you mean by the demand curve?A demand curve refers to the graph showing the relationship between the price and quantity of that commodity.
The supply and demand curve reflects the availability and cost of a new gaming system. Add demand 1 to the right of demand as a change to the graph to increase equilibrium price while lowering equilibrium quantity.
Therefore, B is the correct option.
Learn more about the Demand curve here:
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You currently own 900 shares of JKL which is an all-equity firm with 250,000 shares of stock outstanding at a market price of $40 a share. The company's earnings before interest and taxes are $120,000. JKL has decided to issue $1 million of debt at 6.5 percent interest and use the proceeds to repurchase shares of stock. How many shares of JKL stock must you sell to unlever your position if you can loan out funds at 6.5 percent interest
Answer:
90 shares
Explanation:
Calculation to determine How many shares of JKL stock must you sell to unlever your position if you can loan out funds at 6.5 percent interest
First step is to calculate Your initial investment
Your initial investment = 900 x $40
Your initial investment = $36,000
Second step is to calculate JKL value of stock
JKL value of stock = [250,000 - ($1M/$40)] x $40 JKL value of stock = $9M
Third step is to calculate JKL Total value
Value of Debt = 1M
JKL Total value = 9M + 1M
JKL Total value = 10M
Fourth Step is to calculate You new stock position
JKL Wight Stock = 9M/10M = 9/10
You new stock position = [9/10($36,000)]/10
You new stock position= $32,400/40
You new stock position=810 shares
Now let calculate the Number shares sold
Number shares sold = 900 Shares - 810 Shares
Number shares sold = 90 shares
Therefore the numbers or shares of JKL stock that must you sell to unlever your position if you can loan out funds at 6.5 percent interest is 90 shares
Finishing Touches has two classes of stock authorized: 7%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations: January 2 Issues 100,000 shares of common stock for $24 per share. February 6 Issues 1,900 shares of 7% preferred stock for $13 per share. September 10 Purchases 12,000 shares of its own common stock for $29 per share. December 15 Resells 6,000 shares of treasury stock at $34 per share. In its first year of operations, Finishing Touches has net income of $149,000 and pays dividends at the end of the year of $94,000 ($1 per share) on all common shares outstanding and $1,330 on all preferred shares
Required:
Prepare the stockholders' equity section of the balance sheet for Finishing Touches as of December 31, 2018. (Amounts to be deducted should be indicated by a minus sign.)
Answer:
Total Stockholders' Equity = $2,334,370
Explanation:
Note: See the attached excel file for the stockholders' equity section of the balance sheet for Finishing Touches as of December 31, 2018 with all the formulae used.
In the attached excel file, the retained earnings is calculated as follows:
Retained earnings = Net income – Common dividends - Preferred dividends = $149,000 - $94,000 - $1,330) = $53,670
From the attached excel file, we have:
Total Stockholders' Equity = $2,334,370
Research question
Technology ,good or bad has a major impact on the way we do things Explain how technology influences the way we make decisions and do business in the logistics and supply chain arena
Answer:
Technology makes work more agile, safer and facilitates the organizational decision-making process.
Explanation:
Technology is essential in the area of logistics and supply chain in a competitive and globalized business environment, due to the fact that technology enables greater reliability in the processes and an aid in the organizational decision-making process.
Supply chain management with the use of technological systems becomes much more effective, due to the amount of data that such systems are able to store, in the speed of processes, in the monitoring of transport, in increasing the security and reliability of information, and other solutions that make work faster, safer, with less waste and improvement of continuous improvement.
If fixed costs are $270,000, the unit selling price is $70, and the unit variable costs are $45, what are the old and new break-even sales in units (rounded to a whole number) if the unit selling price increases by $6
Answer:
Results are below.
Explanation:
Giving the following information:
Fixed costs= $270,000
Unitary selling price= $70
Unit variable costs= $45
To calculate the break-even point in units, we need to use the following formula:
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 270,000 / (70 - 45)
Break-even point in units= 10,800
Now, if the selling price is $76:
Break-even point in units= 270,000 / (76 - 45)
Break-even point in units= 8,710
When a group of people must decide whether to buy a shared public good or service, the free-rider problem frequently occurs because:
Answer:
When a group of people must decide whether to buy a shared public good or service, the free-rider problem frequently occurs because it is usual that one of the individuals in the group benefits to a greater extent from the one who contributed at the beginning of the acquisition of the good or service. Thus, in economic terms, it obtains a profit greater than that which would correspond to it by virtue of its initial contribution.
This situation is evident in the case of public property of common use (for example, a bridge or the lights of a city), where a person who does not contribute to the acquisition or maintenance of said property (for example, an occasional traveler) can use the asset in the same way as local citizens, who do contribute to that asset. Its frequency occurs because it is impossible, in the case of public goods, for the government to control who uses and who does not use said service in an effective way.
Comparison of two alternatives for breakeven An IE works in the automation department of a surgical equipment manufacturing company that produces specially ordered equipment for hospitals. To upgrade the quality of the assembly process of the camera used in laparoscopic surgery probes, two approaches are available: make and buy. The make alternative has an initial equipment cost of $175,000, a life of 5 years, a $25,000 salvage value, a processing cost of $3,000 per camera, and an M&O cost of $80,000. The buy alternative requires contracting the assembly operation externally at a cost of $6,750 per camera. If the MARR is 12% per year, how many cameras per year must be assembled to justify the make alternative?
Answer:
35 cameras
Explanation:
Initial equipment cost = $175,000
life span = 5 years
salvage value = $25,000
processing cost per camera = $3000
M and O cost = $80,000
cost of contracting assembly operation externally = $6,750 per camera
MARR = 12% per year
Determine the number of cameras per year to be assembled
let number of camera = n
we will make use of the relation below
EUAC of make option = 175000*(A/P,12%,5) + 3000*n + 80000 - 25000*(A/F,12%,5)
= 175000 * 0.277410 + 3000*n + 80000 - 25000*0.157410
= 132482 + 3000 n
Hence the EUAC of the alternative
= 6750 * n
∴ 6750 n = 132482 + 3000 n
n = 132482 / 3750 = 35.33 ≈ 35 Alternative cameras must be assembled
interest cost (the increase in pension costs due to the passage of time), the expected return on plan assets (the amount that managers anticipate they will earn on the plan's investments), and other costs were all reflected in operating income. Under the new rules (which are now in effect), service costs will be reported as an operating cost and all the other pension costs and any expected returns will be reported as non-operating items. What will be the change in operating income for GM
Answer:
The change in operating income for GM is that the operating income will increase by the amount of other pension costs less expected returns.
However, this change will not affect the net income, as all the items will still be accounted for, accordingly.
Explanation:
GM's pension service cost is the present value of the amount that the GM is required by law to set aside annually to meet its employees' pension-benefits obligations. The reason for the separation is that the service cost is a compensation cost, whereas other pension costs are financial costs and not compensation costs. By this separation, the operating income of GM will increase.
Select the examples that best demonstrate likely tasks for Transportation Systems/Infrastructure Planning, Management, and Regulation workers. Check all that apply.
Tanya sells airplane tickets to customers.
Stefan repairs bus engines that aren’t working properly.
Fletcher gathers and analyzes information about traffic accidents at an intersection.
Heidi sells vehicle parts to repair shops.
Jay inspects the cargo being loaded onto a ship.
Edie explains the goals of a transportation project to members of the community.
Answer:
C,E,F
Explanation:
Edge 2021
Answer:
C, E, F
Explanation:
Its correct i did it
recession definition economics
Answer:
the branch of knowledge concerned with the production, consumption, and transfer of wealth.
Explanation:
Presented below are partial October, November, and December cash budgets for Holidays Events. Loans are obtained in increments of $1,000 at the start of each month to maintain a minimum end-of-month balance of $12,000. Interest is one percent simple interest (no compounding) per month, payable when the loan is repaid. Repayments are made as soon as possible, subject to the minimum end-of-month balance.
Required:
Complete the short-term financing section of the cash budget and all missing figures
October November December Total
Cash balance, beginning $24,0005
Collection on sales 36,000 41,000 81,000
Cash available for operations
Disbursements for operations (51,000) (61,000) (40,000)
Ending cash before borrowings or replacements
Short-term finance:
New loans
Repayments
Interest
Cash balance, ending
Answer:
Holidays EventsCash Budget
October November December Total
Cash balance, beginning $24,000 $12,000 $12,000 $24,000
Collection on sales 36,000 41,000 81,000 158,000
Cash available for operations $60,000 $53,000 $93,000 $182,000
Disbursements for operations (51,000) (61,000) (40,000) (152,000)
Ending cash before borrowings
or repayments $9,000 ($8,000) $53,000 $30,000
Short-term finance:
New loans 3,000 20,000 23,000
Repayments (23,260) (23,260)
Interest 30 230 0
Cash balance, ending $12,000 $12,000 $29,740 $29,740
Explanation:
a) Data and Calculations;
Loans obtained in increments of $1,000
Minimum end-of-month balance = $12,000
Simple Interest rate = 1% per month
Cash Budget
October November December Total
Cash balance, beginning $24,000 $12,000 $12,000 $24,000
Collection on sales 36,000 41,000 81,000 158,000
Cash available for operations $60,000 $53,000 $93,000 $182,000
Disbursements for operations (51,000) (61,000) (40,000) (152,000)
Ending cash before borrowings
or repayments
Short-term finance:
New loans
Repayments
Interest
Cash balance, ending
b) Holidays' Cash Budget is a Schedule that estimates the cash inflows and outflows during a period of its financial cycle. The purpose of preparing one is to determine availability of cash for continuing operational activities. In addition, the Cash Budget shows when Holidays needs to borrow cash to continue operations. Excess cash is also determined from the Cash Budget for investment purposes.
All yearly government spending is broken up into two categories; Mandatory spending which is required by law and Discretionary spending which is spending that must be approved each year by Congress.
Mandatory spending is spending that is required by current law. Most federal mandatory spending is in the form of safety net and entitlement programs, including the Food Stamp program, Social Security, Medicaid, and Medicare. Safety net programs represent “transfer payments” by which the government redistributes the income of the taxpayers by collecting taxes and providing services for those less fortunate and who do not provide any type of good or service in return. Entitlement expenditures include Medicaid and Social Security in which money that has been collected from taxpayers is then given back to those that contributed once they reach a certain age or meet other requirements. Other forms of mandatory spending include veterans benefits. For example, being a veteran means that you have already provided a service for which you were guaranteed, by law, certain benefits and payments (salary once you served your term/retirement, college benefits once you served your term, health insurance after you served your term, etc.). Because the law requires that these benefits be paid once the military personnel has served their term, these expenditures are mandatory and are automatically included in the US budget each year. The amount included for these expenditures is based on the number of citizens who “qualify” for these payments whether safety net, entitlement, or veteran benefits. Many other mandatory expenditures fall under the US budget. Over half of the entire US budget is mandatory which means that it cannot be changed without a change to the law.
About one-third of federal spending is Discretionary. This means that while this spending is for programs that are considered necessary to the operation of the US, they must be re-approved each year by Congress through a vote. The largest category of Discretionary spending is National Defense which must be approved each year. Other categories of Discretionary spending include education assistance, Interstate transportation programs, national parks, the Justice / Court system, and science, space, and technology research programs.
An appropriation is an Act which congress passes to approve discretionary spending. For example, one category of spending on education may be mandatory but congress may want to increase spending through an appropriation (or a special vote) which places the extra spending under the discretionary piece of the budget. One example of an appropriation that increased mandatory spending in the US annual budget is that of the Veteran’s Choice program. Veteran’s health benefits are required by law (they have served and part of their payment for serving is free health care after they retire). However, to receive their health benefits veterans have historically been required to utilize specific Doctors and hospitals. This is the law and therefore part of the mandatory budget. However, an appropriation was passed in 2019 which added extra funding to allow veterans to visit any Doctor they chose and be treated at any hospital of their choosing. The funding for this change is part of the discretionary budget and had to be approved by congress.
Questions:
1) Name and define the two types of spending that are included in the US budget each year.
2) What does it mean that mandatory spending is spending required by law? Give an example.
3) How much of the US yearly budget is required by law?
4) Who must vote to approve additional (Discretionary) spending each year?
5) What is the largest category of spending that must be voted on each year?
6) What is appropriation? Give an example.
Answer:
In the decade leading up to the Great Recession, the government kept federal spending below 20% of GDP. It grew no faster than the economy, around 2% to 3% per year. During the recession, spending grew to a record 24.4% of GDP in FY 2009. This increase was due to economic stimulus and two overseas wars.3
Explanation:
At the same time, growth slowed, which reduced tax receipts. Congress worried about the ballooning U.S. debt. No one could agree on how to reduce it. As a result, Congress enacted across-the-board budget cuts, called "sequestration."4 That finally reduced spending to 20.4% of GDP in FY 2015.5
Since then, spending has crept up again despite the sequester. Congress and the president rely on deficit spending to boost economic growth.6 But deficit spending is out of control. It rises each year, even when the economy is doing well.
Jake Entertainment Corporation has three segments with revenue, operating income, and depreciation and amortization information (in millions) as follows: Segment Revenue Operating Income Depreciation and Amortization Film $5,000 $1,500 $525 Theme Park 1,000 320 112 Video Game 500 175 53 Totals $6,500 $1,995 $690 The EBITDA for the Theme Park segment is
Answer:
EBITDA = $2,685
Explanation:
EBITDA is the acronym for Earnings before interest taxes depreciation and amortization .
EBITDA is a common financial metric which is used to measure the a company's profitability unlike other profitability it is very useful to gauge how much cashflow a company's has. It is the profit earned by a firm before deducting non-cash items and other obligations. It quantifies how much cash is available to settle interest on debt obligations and taxes.
It is computed ad follows:
EBITDA = operating income + depreciation an amortization
= $1,995 + $690= $2,685
EBITDA = $2,685
What time of the year does tax day always occur in the US
Answer:
Around April 15th!
Explanation:
Every year except this year has been April 15th! But since CO VID- 19 hit the IRS pushed it back until May 17th! Hope this helps! Plz mark as brainliest!
Answer:
the date is usually on or around April 15
Help! I dont have much lime left ;-;
Answer:
Anthropologist - researches and analyzes historical human characteristics
Agricultural Technician - gathers and test materials from plants and animals
Archivist - organizes, maintains and protects documents and records
Statistician - analyzes and explains numerical information
Interest that is calculated on principal plus interest is known as
Answer:
That would be known as compound interest.
The calculation of WACC involves calculating the weighted average of the required rates of return on debt, preferred stock, and common equity, where the weights equal the percentage of each type of financing in the firm’s overall capital structure. is the symbol that represents the before-tax cost of debt in the weighted average cost of capital (WACC) equation. Mitchell Co. has $2.3 million of debt, $2.5 million of preferred stock, and $1.8 million of common equity. What would be its weight on preferred stock?
Answer:
37.88 %
Explanation:
The weight on preferred stock mean, what percentage out of the Total Market Value of the Sources of Capital pooled together is taken by Preferred Stock.
Weight on preferred stock = Market Value of Preferred Stock / Total Market Value of Sources of Capital x 100
where,
Market Value of Preferred Stock = $2.5 million
and
Total Market Value of Sources of Capital :
Debt $2.3 million
Preferred Stock $2.5 million
Common Equity $1.8 million
Total $6.6 million
therefore,
Weight on preferred stock = $2.5 million / $6.6 million x 100 = 37.88 %
Haste Enterprises issues 20-year, $1,000,000 bonds that pay semiannual interest of $50,000. If the effective annual rate of interest is 11%, what is the issue price of the bonds? Some relevant and irrelevant present value factors: * PV of ordinary annuity of $1: n = 20; i = 11% is 7.96333 **PV of $1: n = 20; i = 11% is 0.12403 * PV of ordinary annuity of $1: n = 40; i = 5.5% is 16.04612 **PV of $1: n = 40; i = 5.5% is 0.11746 Multiple Choice $1,000,000. $919,766. $1,802,306. $992,948.
Answer: $919,766
Explanation:
The Present Value of issuance price of a bond is:
= Present value of interest payments + Present Value of par value at maturity
Present value of interest payments:
The payments are constant so this is an annuity.
Payments are semi annual so the variables should be adjusted for this.
Interest = 11%/2 = 5.5%
Number of periods = 20 * 2 = 40 semi annual periods.
Present value = Annuity * Present value of annuity factor, 5.5%, 40 periods
= 50,000 * 16.04612
= $802,306
Present value of par at maturity:
= Par value * discount factor, 5.5%, 40 years
= 1,000,000 * 0.11746
= $117,460
Issue price of bond:
= 802,306 + 117,460
= $919,766
Hammes Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During February, the company budgeted for 5,500 units, but its actual level of activity was 5,510 units. The company has provided the following data concerning the formulas to be used in its budgeting: Fixed element per month, Variable element per unit:
Revenue −−−−, $ 43.10
Direct labor $ 0, $ 6.20
Direct materials 0, 15.70
Manufacturing overhead 47,800, 1.40
Selling and administrative expenses 27,300, 0.70
Total expenses $ 75,100, $ 24.00
The activity variance for net operating income in February would be closest to:
A. $191 U
B. $1,651 U
C. $191 F
D. $1,651 F
Answer:
c. $191 Favorable
Explanation:
Flexible budget Planning budget Activity variance
Units produced 5,510 units 5,500 units
Revenue $237,481 $237,050
Total Expenses ($207,340) ($207,100)
Net Operating Income $30,141 $29,950 $191 F
Workings
Flexible budget revenue = 5,510 units*$43.10 = $237,481
Planning budget revenue = 5,500 units*$43.10 = $237,050
Flexible budget expenses = $75,100 + $24*5510 = $207,340
Planning budget expenses = $75,100 + $24*5500 = $207,100
how can gdp per capita and poverty rates indicate standards of living in each system?
choosing to sell your house
is an example of property rights providing the right for you to
enjoy property
control property
exchange property
own property
Answer:
d. own property
Explanation:
it is not a right to enjoy, control or exchange. but it is your right to own
The company is now using only 70% of its normal capacity; it could fully use its normal capacity by processing the assembly further and selling it for $51 per unit. If the company does this, material and labor costs will each increase by $2 per unit and variable overhead will go up by $1 per unit. Fixed costs will increase from the current level of $160,000 to $225,000. Prepare an analysis showing whether Jensen should process the assemblies further.
Use a negative sign with answer to only indicate a loss from processing assemblies further; otherwise do not use negative signs with your answers.
Sell of Process Further Differential Analysis
Differential revenue
Differential costs
Direct material
Direct labor
Variable overhead
Fixed costs
Additional income (loss) from processing further $
Question Completion:
Jensen Manufacturing Company makes a partially completed assembly unit that it sells for $36 per unit. Normally, 42,000 units are sold each year. Variable unit cost data on the assembly are as follows:
Direct material $10
Direct labor 8
Variable manufacturing overhead 4
Answer:
Jensen Manufacturing CompanySell or Process Further Differential AnalysisDifferential revenue $630,000
Differential costs
Direct material -84,000
Direct labor -84,000
Variable overhead -42,000
Fixed costs -65,000
Additional income (loss) from processing further $355,000
Explanation:
a) Data and Calculations:Sell Process Further Difference
Sales price per unit $36 $51 $15
Costs:
Direct material $10 12 2
Direct labor 8 10 2
Variable manufacturing
overhead 4 5 1
Fixed costs $160,000 $225,000 $65,000
Normal annual production and sales = 42,000 units
Differential revenue = $630,000 ($15 * 42,000)
Differential costs:
Differential direct material cost = $84,000 ($2 * 42,000)
Differential direct labor cost = $84,000 ($2 * 42,000)
Differential overhead cost = $42,000 ($1 * 42,000)
Differential fixed cost = $65,000 ($225,000 - $160,000)
Total differential costs = $275,000
b) Jensen Manufacturing should process the assembly units further as it will gain additional $355,000 income by so doing.
Suppose a firm is considering investing in a new product line which they expect to be obsolete in 5 years. They will need an initial investment in inventory of 540,000. They will also need inventory investment of 95,000 each year of the project. The firm expects to recover the full amount of the investment in NWC at the end of the project. What is their NWC in year 5
Answer:
recovered net working capital at the end of the project = $1,015,000
Explanation:
initial increase in net working capital = $540,000
annual increase in net working capital = $95,000 x 5 = $475,000
cumulative increase in net working capital = $1,015,000
recovered net working capital at the end of the project = $1,015,000, assuming the company recovers it all.
In determining Blue Corporation's current earnings and profits (E & P) for 2019, how should taxable income be adjusted as a result of the following transactions?
Select either "Increase", "Decrease" or "Not be affected", whichever is applicable.
a. A capital loss carryover from 2018, fully used in 2019.
b. Nondeductible meal expenses in 2019.
c. Interest on municipal bonds received in 2019.
d. Nondeductible lobbying expenses in 2019.
e. Loss on a sale between related parties in 2019.
f. Federal income tax refund received in 2019.
Answer: See explanation
Explanation:
Taxable income simply refers to the income that the government imposes a tax on. Taxable income should be adjusted on the following transactions as follows:
a. A capital loss carryover from 2018, fully used in 2019.
Based on the above transaction, taxable income should be increased.
b. Nondeductible meal expenses in 2019.
Based on the above transaction, taxable income should be decreased.
c. Interest on municipal bonds received in 2019.
Based on the above transaction, taxable income should be increased.
d. Nondeductible lobbying expenses in 2019.
Based on the above transaction, taxable income should be decreased.
e. Loss on a sale between related parties in 2019.
Based on the above transaction, taxable income should be decreased.
f. Federal income tax refund received in 2019.
Based on the above transaction, taxable income should be increased.
According to the Census Bureau, in October 2016, the average house price in the United States was $27,358. 8 years earlier, the average price was $21,808. What was the annual increase in the price of the average house sold
Answer:
Annual increase in price=3.3%
Explanation:
Using the cumulative average growth formula, we can compute the average annual increase as follows;
Average annual increase =( Recent price/Initial price)^1/(n-1)
Initial price =$27,358. 8
Recent price = $21,808
n=8
Average annual increase= (27,358. 8/21,808)^(1/(8-1))=3.3%
Annual increase in price
Which of the following best describes profit sharing? incentive pay in which payments are a percentage of the organization's profits and do not become part of the employees' base salary a gainsharing program in which employees receive a bonus if the ratio of labor costs to the sales value of production is below a set standard a group incentive program that measures improvements in productivity and effectiveness and distributes a portion of profit to employees an incentive plan where a percentage of the previous year's profits is provided to the employees as a part of their salary a combination of performance measures directed toward the company's profit and used as the basis for awarding incentive pay
Answer:
incentive pay in which payments are a percentage of the organization's profits and do not become part of the employees' base salary.
Explanation:
Profit can be defined as the total amount of money generated from a business after deducting the costs of production or cost price.
Mathematically, Profit = cost price - selling price
Hence, the statement which best describes profit sharing is that it is an incentive pay in which payments are a percentage of the organization's profits and do not become part of the employees' base salary.
How can life expectancy and literacy rates affect the quality of labor in the economy?
Answer:
Healthier and better educated labor force = more productive and inventive.
Cordner Corporation has two production departments, P1 and P2, and two service departments, S1 and S2. Direct costs for each department and the proportion of service costs used by the various departments for the month of July are as follows: Proportion of Services Used by: DepartmentDirect costsS1 S2 P1 P2 S1$66,000 0.70 0.10 0.20 S2$161,000 0.20 0.30 0.50 P1$166,000 P2$233,000 Under the step method of cost allocation, the amount of S2 costs allocated to S1 would be:
Answer:
$46,200
Explanation:
Calculation to determine the amount of S2 costs allocated to S1
S2 costs allocated to S1 =$66,000*0.70/(0.70 +0.10+ 0.20)
S2 costs allocated to S1 =$46,200/1.00
S2 costs allocated to S1 =$46,200
Therefore Under the step method of cost allocation, the amount of S2 costs allocated to S1 would be:$45,200
Fierce is a product of the Ferris Company. Ferris's sales forecast for Fierce is 1,150 units, and they currently have 186 units on hand. Chester wants to have an extra 10% on hand above their forecasted units in case sales are better than expected, to avoid stocking out. Taking current inventory into account, what will Fierce's Fulfillment After Adjustment have to be in order to have a 10% reserve of units available for sale
Answer:
1,079 units
Explanation:
Fierce company forecast sales = 1150 units
Let this 1150 units be = 100%
Chester wanting to make a surplus of 10% means the total production will be = 110%
So, lets consider 1150 units as 100%
Then, 110% will be = (1150 units/100)*110 = 1265. So, Fierce fulfillment before Adjustment is 1,265 units
Fierce fulfillment after adjustment = 1,265 units - 186 units = 1,079 units
So, Fierce's Fulfillment after adjustment have to be 1,079 units in order to have a 10% reserve of units available for sale.