which of the following methods do managers use to estimate the fixed and variable components of mixed costs by analyzing past records of cost and activity data?

When an employee is directly accountable for providing specific goods or services, they are considered to be engaged in direct labour.

Direct labour is the term used to describe the salaries and pay given to employees who are directly responsible for delivering particular goods or services. It covers the price of standard working hours, extra work hours, payroll taxes, unemployment tax, Medicare, employment insurance, etc.

1. The direct labour used was calculated as follows:

Factory Payroll (paid with cash): $57,000

Indirect labor: $7000

Direct labor = $50,000 ($57,000 - $7,000)

2. This is how the direct materials used were calculated:

Raw Materials, November 30: $10,000

Raw materials purchases          40,000

Raw Materials, December 31: $12,000

Raw materials used = $38,000 ($10,000 + $40,000 = $12,000)

Indirect materials: $5,000

Direct materials used = $33,000 ($38,000 - $5,000)

3. The formula for calculating the cost of manufactured goods is as follows:

Work in process, November 30:  $15,000

Direct materials                               33,000

Direct labor                                     50,000

Manufacturing overhead applied  35,000 ($50,000 x 70%)

Work in process, December 31: ($20,000)

Cost of goods manufactured   $113,000

4. The following is how the cost of goods sold is calculated:

Finished goods, November 30:   $7,500

Cost of goods manufactured    $113,000

Finished goods, December 31: ($10,000)

Cost of goods sold                  $110,500

Question Completion:

As consultants, we are hired to help the company track and report costs. The following Tableau Dashboard is provided to assist us in our analysis.

INVENTORIES:

Raw Materials, November 30: $10,000

Raw Materials, December 31: $12,000

Work in process, November 30: $15,000

Work in process, December 31: $20,000

Finished goods, November 30: $7,500

Finished goods, December 31: $10,000

FACTORY OVERHEAD:

Indirect materials: $5,000

Indirect labor: $7,000

Other overhead costs: $30,000

Total Overhead: $42,000

SALES, MATERIALS, AND PAYROLL FOR DECEMBER

Factory Payroll (paid with cash): $57,000

Raw materials purchases (paid with cash): $40,000

Sales (received in cash): $200,000

PREDETERMINED OVERHEAD RATE

Predetermined overhead rate based on direct labor cost: 70%

Thus, the cost of goods manufactured is $113,000.

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B) An illustration of historical cost is valuing assets and liabilities at the time of the original transaction.

The purchase price or initial monetary worth of an asset is referred to as its historical cost in accounting. The historical cost principle states that a corporation should record its transactions at their historical costs.

In accounting, the historical cost is the cost at which an asset, liability, or equity was bought for the first time and is shown on the balance sheet. It helps prevent overvaluation in a choppy market and is a handy tool for figuring out capital expenditures.

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Difficulty in raising cash unlimited liability unlimited life of the enterprise is not a disadvantage of partnership.

A partnership is a legal entity in the same way that a corporation is. It is capable of owning property and being held accountable for its deeds in court. It exists independently of its owners, the partners. The distinctive qualities that distinguish partnerships from other entity forms include the following. The following are some of a partnership's most frequent traits:

agreement-based formation. By voluntarily joining or forming an association, a partnership is created. It is necessary for the partners to have a written agreement outlining who provides what resources or services, who handles which tasks for the company, and how profits, losses, and any additional remuneration are distributed. In the absence of a written agreement, the Uniform Partnership Act (UPA) or the Revised Uniform Partnership Act (RUPA), as applicable to the state where the partnership is located, controls in any areas of contention.

A set or constrained life. The partnership's life term is typically determined by agreement. Partnerships come to an end when a new partner is accepted, a partner departs (allowing for the creation of a new partnership), or the partnership dissolves. Corporations, on the other hand, have an endless lifespan.

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The savvy entrepreneurial firm feature in chapter 2 features three firms: swipe out hunger, soko, and drive for change. all three are examples of social ventures.

In economic and business, A Social Venture generally can be defined as an undertaking by a firm or organization established by a social entrepreneur. Social venture has a function to provide systemic solutions to achieve a sustainable, social objective. Beside that, social ventures also has a function to hybrid enterprises straddling the boundary between the for-profit business world. There are several examples of social ventures, such as educational programs, providing banking services in underserved areas, and helping children orphaned by epidemic disease.

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Above statement is correct. The amount of income that would be generated via the most advantageous alternative use of cash recommended is known as differential revenue.

The difference in sales that two alternative strategies will produce is known as differential revenue. When deciding between two (or more) investments in a business, the idea is frequently employed. The sales at one activity level are subtracted from the sales at the preceding level to get the differential revenue.

Differential revenues and costs, also known as relevant revenues and costs or incremental revenues and costs, refer to the variance in revenues and costs across possible courses of action. Differential analysis refers to examining this discrepancy or incremental analysis.

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Asia-Pacific Economic Cooperation (APEC) differs from other international trade alliances in its commitment to facilitating business and its practice of allowing the business/private sector to participate in a wide range of activities.

The Asia-Pacific Economic Cooperation (APEC) is unique in its approach to international trade. APEC stands out from other trade alliances by its commitment to promoting business and allowing the business/private sector to participate in a range of activities.

This approach enables businesses to develop strategies that are tailored to the needs of the region and to take advantage of the opportunities it presents.

APEC also encourages the sharing of knowledge and experiences between members, which can help to foster an environment of co-operation and mutual understanding.

By providing an open platform for business and economic dialogue, APEC is helping to create a more prosperous and sustainable future for all its members.

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Learn with Quizlet and retain terms from flashcards such as Susan perused a list of the items that would be offered at a dinner party.

Is it free to use Quizlet ?

Quizlet is a free website that offers study, gaming, and flashcard modes as well as other educational resources for students. Making your own study sets of terminology and meanings is the first step. To expedite the creation process, you can utilize Quizlet's built-in auto-define tool or copy and paste content from another source.Quizlet has a free option with limited features and a paid option called Quizlet Plus for about $48 per year.Because Quizlet allows any user to create and share a study set, there is no guarantee the information is accurate. There's a chance that a student could unintentionally learn false information if they log in and select a set made by someone else.

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is determined by the business model used by the investment adviser, which takes into account the firm's size, the services it offers, and the number of locations it has.

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A country that bases its laws on traditions of country's legal history operates under a under a common law legal system. Common Law legal system, that has arisen in England since Middle Ages, is based on case law and jurisprudence rather than written law.

Most modern legal systems can be described as common law, civil law, or a mixture of both. A purely common law system is created by the judiciary, because laws derive from case law rather than from statute. Therefore, the common law system focuses heavily on precedent.

There are four major classes of legal systems around the world. They are: (a) Customary law. (b) Civil Law System. (c) Socialist legal system; (d) Legal regimes between international organizations and “reciprocal” countries.

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Let's say you have an extremely effective study routine. The opportunity cost of studying for an exam in economics therefore increases as you put in more study time.

The correct option is a.

The opportunity cost is a concept used in microeconomic theory to describe the value or benefit lost by choosing one activity over another. More precisely, it implies that if you pick for one activity, you forfeit the chance to choose a different one.

Opportunity cost is a notion used in decision-making to assist people and organisations in making better decisions, particularly by taking the alternatives into account. The cost and benefit of each option are included in opportunity costs, which can occasionally be difficult to assess. Opportunity costs gaze into the future.

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Prices often climb to a higher equilibrium price and a lesser quantity of goods and services if supply of goods and services declines while demand remains constant.

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Moderately slow introduction, followed by modest growth, gradually leveling off is the best description of the product life cycle of this product.

Option E is correct.

A management tool known as a product life cycle evaluates a product's path from development to market withdrawal. It has four stages—introduction, growth, maturity, and decline—as previously mentioned.

Designers, managers, and marketers all benefit greatly from having access to the product life cycle. It identifies four distinct stages in the life of a product and provides advice on how to develop strategies to make the most of those stages and boost the product's overall market success.

The life cycle of a product typically consists of four stages: introduction, development, development, and decline. Management and marketing professionals use product life cycles to help decide on advertising schedules, price points, expanding into new product markets, and redesigning packaging.

Question is incomplete:

Imagine that Eveready has developed solar rechargeable batteries that cost only slightly more to produce than the rechargeable batteries currently available. These solar batteries can be recharged by sunlight up to five times, after which they are to be discarded. Unfortunately, the production process cannot be patented, so competitors could enter the market within a year. Which of the following is the best description of the product life cycle of this product?

a. Long, level beginning, and rapid ascent

b. High initial sales followed by slow decline

c. High introductory sales followed by rapid decline

d. Rapid growth followed by rapid decline

e. Moderately slow introduction, followed by modest growth, gradually leveling off

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He save in tax by using Schedule A is $3,407.52.

=570 dollars

He save in tax by using Schedule A is $3,407.52.

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Vito is a loner. He earned $147,760 in gross income before taxes. He save in tax by using Schedule A is $3,407.52.

What is Taxable earnings?

Any gross income that is used to determine how much tax you owe is referred to as taxable earnings. It is simply your adjusted gross income less any deductions, to put it simply.

Taxable earnings. is $147,760. This is under "but not above 169725," hence the tax is 14198.+ (0.24*147760) = $49,844-9.

When Vito fills up the classroom, income is reduced by 14198 percent, or 147,760-14198, or 133,562.

This falls under the "over 84,200" category but isn't "over 160725," therefore tax applies.

a) His tax savings came to 49,844-90-46437:35, or $3,407.52.

b) He spent 6 hours as follows: 3407.52/ 6 = 567.92

=570 dollars

He save in tax by using Schedule A is $3,407.52.

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The answer is true. Both an allocative efficiency and a productive efficiency exist. A market can operate at its highest level of productive efficiency while also giving producers and buyers the best possible allocation of resources.

But this will only be the case if everyone gains from the market circumstances.  At this moment of market equilibrium, all goods are sold since the price being offered for a certain supply exactly matches the demand for that supply at that price. Productive efficiency is concerned with the best way to produce commodities and how to do so efficiently. The most efficient distribution of goods and services is what allocational efficiency is all about.

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If there is a legitimate liquidated damages clause in the contract, the broker is legally permitted to retain the earnest money deposit as liquidated damages.

A contract's liquidated losses clause establishes the dollar amount of damages to be paid in the case of a breach of the agreement. The liquidated damages provision would normally define the portion of the earnest money deposit that would be kept by the seller in the event that the buyer cancels within the permitted rescission time in the case of a residential condominium unit transaction. It is important to keep in mind, nevertheless, that the liquidated damages provision must be fair and should not be viewed as a punishment in order to be upheld by a court. The broker must also inform the buyer of the seller's instructions.

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True, Corporate social responsibility (CSR) is a business strategy used by for-profit organizations to find ways to advance social and environmental objectives while achieving core business objectives including maximizing shareholder value and revenue growth.

Initiatives for corporate social responsibility are often divided into the following categories:

1. Environmental stewardship

Initiatives for environmental responsibility seek to use natural resources sustainably while reducing pollution and greenhouse gas emissions.

2. Responsibility for human rights

Initiatives for human rights responsibilities include promoting fair labour standards (such as equal pay for equal work) and fair-trade standards, as well as rejecting child labour.

3. Being philanthropic in nature

Funding educational programmes, supporting health initiatives, making charitable contributions, and supporting neighborhood beautification activities are all examples of philanthropic duty.

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An alternative air cooler called Eco-cooler was invented in Southeast Asian countries and technological innovation can increase labor productivity and thus increase economic growth.

Either by using more resources or by realizing higher productivity by making better use of the resources of labor, capital, and land, one can enhance production. In both of these ways, technological advancement aids in the promotion of growth. The primary long-term engine of economic growth is productivity.

Innovation made possible by technology is the main driver of increased productivity and economic growth. The production potential frontier of an economy is expanded by technological advancement by raising the productivity of factors of production, which allows for the production of more output with the same number of resources or the same amount of output with fewer resources.

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If a perpetrator has stolen assets,the following is the easiest method for concealing the theft: d) increase expenses.

The greatest approach for a company to balance its books is to increase expenses so that no one can assess it and they may achieve their goal of falsifying accounting records in order to conceal its crime or theft.

Total assets = Total liabilities + shareholder equity is the accounting formula used here.

The business raises expenses in an effort to conceal its desire to achieve high profits.

Therefore, the same approach is used in the described scenario.

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a) NAV at the beginning is $20.7 and at the end is $22.13

b) 8.84% is the rate of return for fund investment.

Mutual fund investments frequently use the notion of net asset value (NAV), which is determined as the total value of the entity's assets less the whole value of its liabilities. Simply put, NAV stands for Net Asset Value, which is the share or unit price of the fund (a collection of stocks, bonds, etc.) on a particular day or time.

The NAV, or net asset value, is the market price at which shares or units of funds registered with the Securities and Exchange Commission (SEC) are traded. The closing price of the underlying equities is taken into account while calculating NAV for each trading day.

a) NAV at the year's beginning =  207 /10 = $20.7 per unit

the total fund value at the year's conclusion = $207 * 1.08 = $223.56 million

NAV at the year's end =  {223.56 - (0.01 * 223.56)} / 10 = $22.13 per unit

b) Dividend Received per Unit = 4 / 10 = $0.4 per unit

Rate of Return = (Capital gain + Dividend Received) / Investment amount Rate of Return = (22.13 - 20.7 + 0.4) / 20.7 = 8.84%

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Receivable before and after the write-off was $18,600 $18,600. Any one or more of the customer's loan, demand deposit, time deposit, savings, money market, or other accounts kept at the bank are referred to as customer accounts.

Critical information about a client is stored in a customer account record, sometimes called a customer record. This data includes the usual items like name, order data, billing information, interaction information, and deposit information. In addition to offering a high-quality service or product, it enables you to build a solid, strong, and long-lasting relationship. encouraging client pleasure and, more importantly, customer loyalty. Any one or more of the customer's loan, demand deposit, time deposit, savings, money market, or other accounts kept at the bank are referred to as customer accounts.

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Skills in communication, education, technical skills, creativity, experience, problem-solving abilities, mental health, and personal resilience are all examples of human capital.

What is an example of human capital Class 9?

Human capital investment is the investment in things like education, training, and medical care.

What are the most important examples of human capital and physical capital?

Inanimate assets like cash, property, job site equipment, and inventory make up physical capital. In contrast, human capital refers to the capabilities, knowledge, and skills of an organization's staff.

Which four types of capital are there?

Working capital, debt, equity, and trading capital are the four main types of capital.

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Option C. dependency theory, Dependency theory holds that resources migrate from a "core" of wealthy states to a "periphery" of underdeveloped and poorer states, enriching the latter at the expense of the latter.

According to dependence theory, the way in which poor states are included into the "global system" causes rich states to become richer while poor states become poorer. Following World War II, this idea was formally formulated in the late 1960s as researchers looked for the underlying cause of Latin America's lack of progress.

The theory developed in response to modernization theory, an earlier development theory that claimed all societies go through similar stages of development, that today's underdeveloped areas are therefore in a similar situation to that of today's developed areas at some point in the past, and that, as a result, the task of assisting the underdeveloped areas out of poverty is to accelerate them along this supposed common path of development.

States that global poverty can at least partially be attributed to the fact that the low-income countries have been exploited by the high-income countries during the historical growth of capitalism. group of answer choices

A. modernization theory

B. world systems theory

C. dependency theory

D. the new international division of labor theory

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When a company purchases another business that does something different from what the purchasing company does, the purchasing company is using a strategy of C. related diversification.

A procedure known as "diversification" tries to devote financial resources to a company so it can join a new field or market. Creating a product or items to offer in a new market is another definition of diversification.

A corporate transaction known as an acquisition takes place when one company buys and takes control of another company. Merger and acquisitions (M&A), a professional path incorporation act or finance that focuses on the purchasing, selling, and consolidating of enterprises, are fundamentally comprised of these activities.

Diversification into unrelated areas, for as when Amazon bought Whole Foods to enter the grocery store industry. Geographic Diversification: Starbucks, Target, and KFC all operate in different geographic markets as part of their company strategies.

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A corporation employs a similar diversification strategy when it acquires a business that performs a different function from that of the acquiring company.

Diversification refers to the process of allocating financial resources to a business so it can enter a new market or industry. Another meaning of diversification is the development of a product or products to provide in a new market.

When one firm purchases and assumes control of another, this is referred to as an acquisition in the business world. These actions are essentially what make up merger and acquisitions (M&A), a professional career in finance that focuses on buying, selling, and integrating businesses.

Expansion into other fields, as as when Amazon purchased Whole Foods to join the grocery store business. Geographic Diversification: As part of their business strategy, Starbucks, Target, and KFC all operate in many geographic markets.

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Explanation:

considering current ethiopian economic situation ,how fiscal policies should act to stabilize the economy of the country?

Financial statements with full transparency that have not been reviewed, audited, or assembled. Regardless of the amount of service rendered on the financial statements or the method of accounting utilized to prepare the statements, the disclosure is necessary.

reviewing the policies management has set up to make sure that future instances are recognized. meetings of the audit and executive committees held after the filing date of the financial accounts and requesting information regarding subjects discussed at meetings for which minutes are awaited.

The role of the auditor with regard to following events is described in ISA 560, Subsequent Events. The term "subsequent occurrences" as used in ISA 560 refers to events that take place after the reporting date.

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According to World Bank data, the country with the highest levels of income inequality in South Africa. South Africa has a Gini coefficient of 63.1, which is the highest of any country in the world.

South Africa's high level of income inequality is due to a number of factors, including a large gap between the wealthy and the poor, a lack of access to education and healthcare, and a high rate of unemployment.

Additionally, South Africa's high levels of income inequality are also due to the legacy of apartheid, which resulted in a large racial divide in the country. This racial divide has resulted in a large gap between the incomes of white and black South Africans, with white South Africans having significantly higher incomes than black South Africans. Furthermore, South Africa's economy is largely based on the mining industry, which has resulted in a large gap between the incomes of those who work in the industry and those who do not. Therefore, South Africa's high levels of income inequality are due to a combination of historical, economic, and social factors.

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A Poisson distribution in statistics is a probability distribution that is used to demonstrate how frequently an event is likely to happen over a given period of time.

A Poisson distribution in statistics is a probability distribution that is used to demonstrate how frequently an event is likely to happen over a given period of time.

It is a count distribution, to put it another way. In order to comprehend separate events that happen at a steady pace throughout the course of a certain period of time, Poisson distributions are frequently utilized.

It bears the name Simon Denis Poisson after the French mathematician. Since the Poisson distribution is a discrete function, only particular values from a list are allowed for the variable.

To put it another way, the variable is not capable of accepting any continuous range of values. The variable can only take whole integer values for the Poisson distribution; decimals or fractions are not allowed.

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Manufacturers, wholesalers, retailers, service companies, nonprofit organizations, and government agencies that buy products and services for their own use or for resale are known as Organizational Buyers .

What are consumers in an organization?

Organizational consumers purchase products and services for use in ongoing activities, for future production, or for resale to third parties. B. Retailers, wholesalers, government agencies, and other nonprofit organizations are examples of organizational customers.

Of the two, who qualifies as a reseller?

Resellers are businesses that offer products and services made by other companies without making significant changes to them. Retailers, brokers, and wholesalers are some of them.

                    You are likely familiar with two significant retailers: Walmart and Target. Significant market power is held by big wholesalers, brokers, and retailers.

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A. I only, Violation of the Uniform Securities Act can result in civil liability.

Violation of registration requirement for non-exempt securities is a violation of the Act, if an exemption is not available and the investment advisor recommends the purchase of such security.

An investment advisor recommending a non-exempt security that is unregistered to a customer after being informed by his manager that the security was registered, is also a violation of the Act. The Uniform Securities Act (USA) is a set of state laws that provide regulation for the securities industry in the United States. The Act provides a uniform set of regulations for securities transactions and registration requirements for securities, investment companies, and investment advisers. The Act is designed to protect investors from fraud and deception, and to promote fair and honest securities transactions. The USA is adopted by states in the U.S. to regulate securities transactions within their borders, although there are variations among the states' laws.

In summary, option A is correct because it only includes the violation of recommending the purchase of a non-exempt security that was unregistered

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Technical managerial CRM systems and Online Banking are technical & managerial innovations. Self-Check-Out system, Direct Deposit and Instant Messaging are product and process innovations.

Radical and incremental innovations, technical and managerial innovations, and product and process innovation, are the three important dimensions of innovation. The products are categorized into three forms of innovation. There are four types of innovation: radical, incremental, adjacent, and disruptive. They may vary depending on the niche, market, brand essence, services, and products offered.

Innovation is the application of concepts in a way that results in the creation of new products or services or enhances existing ones.

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