Brody Company makes industrial cleaning solvents. Various chemicals, detergent, and water are mixed together and then bottled in 10-gallon drums. Brody provided the following information OBJECT for last year:Raw materials purchases Direct labor Depreciation on factory equipment Depreciation on building Depreciation on headquarters building Factory insurance Property taxes: Factory Headquarters Utilities for factory Utilities for sales office Administrative salaries Indirect labor salaries Sales office salaries Beginning balance, raw materials Beginning balance, work in process Beginning balance, finished goods Ending balance, raw materials Ending balance, work in process Ending balance, finished goods $250,000 140,000 45,000 30,000 50,000 15,000 20,000 18,000 34,000 1,800 150,000 156,000 90,000 124,000 124,000 84,000 102,000 130,000 82,000Last year, Brody completed 100,000 units. Sales revenue equaled $1,200,000, and Brody paid a sales commission of 5 percent of sales.
1. Calculate the direct materials used in production for last year.
2. Calculate total prime cost.
3. Calculate total conversion cost.
4. Prepare a cost of goods manufactured statement for last year. Calculate the unit product cost.
5. Prepare a cost of goods sold statement for last year.6. Prepare an income statement for last year. Show the percentage of sales that each line item represents.
Answers
Answer:
Brody Company
1. Direct Materials Used in Production:
Beginning balance, raw materials $124,000
Raw materials purchase 250,000
Raw materials for production $374,000
less raw materials, ending balance 102,000
Cost of Direct materials used $272,000
2. Total Prime Cost:
Cost of Direct materials used $272,000
Direct labor 140,000
Total Prime Cost $412,000
3. Total Conversion Cost:
Direct labor $140,000
Factor overheads:
Depreciation on factory equipment 45,000
Depreciation on building 30,000
Factory insurance 15,000
Property Taxes $20,000
Utilities for factory 34,000
Indirect labor salaries 156,000
Total Conversion Cost = $440,000
4. Cost of Goods Manufactured Statement:
Prime Cost $412,000
Conversion cost $440,000
Beginning Work in Process 124,000
less ending work in process (130,000)
Cost of goods manufactured $846,000
Unit Product Cost = $846,000/100,000 = $8.46
5. Cost of Goods Sold Statement:
Cost of goods manufactured $846,000
Beginning finished goods 84,000
less ending finished goods (82,000)
Cost of goods sold $848,000
6. Income Statement %
Sales Revenue $1,200,000 100
Cost of goods sold 848,000 71
Gross Profit $352,000 29
Operating Expenses:
Depreciation on building $50,000 4
Property Taxes 18,000 1.5
Sales Office Utilities 1,800 0.15
Administrative salaries 150,000 12.5
Sales office salaries 90,000 7.5
Sales Commission 60,000 5
Total Operating Expenses $369,800 31
Net Loss ($17,800) 14.83
Explanation:
Raw materials purchases $250,000
Direct labor 140,000
Depreciation on factory equipment 45,000
Depreciation on building 30,000
Depreciation on headquarters building 50,000
Factory insurance 15,000
Property taxes:
Factory 20,000 and Headquarters 18,000
Utilities for factory 34,000
Utilities for sales office 1,800
Administrative salaries 150,000
Indirect labor salaries 156,000
Sales office salaries 90,000
Beginning balance, raw materials 124,000
Beginning balance, work in process 124,000
Beginning balance, finished goods 84,000
Ending balance, raw materials 102,000
Ending balance, work in process 130,000
Ending balance, finished goods 82,000
b) Sales Commission = $60,000 (5% of $1,200,000)
c) Prime cost is the cost of direct raw materials and direct labor. Conversion cost includes the cost of direct labor and factory overheads.
1.The direct materials used in production for last year is $2,72,000.
2. The Total Prime Cost is $412,000.
3. The Total Conversion Cost is $440,000.
4. The Cost of Goods Manufactured Statement is $8.46.
5. The Net Loss of ($17,800) interest rate 14.83.
"Brody Company"Answer 1:
The direct materials used in production for last year is :
Amount
Beginning balance, raw materials $124,000
Add: Raw materials purchase $250,000
Add: Raw materials for production $374,000
Add: raw materials, ending balance ($102,000)
Cost of Direct materials $272,000
Answer 2:
The Total Prime Cost is :
Total Prime Cost= Cost of Direct materials+ Direct labor
Total Prime Cost= $272,000+ 140,000
Total Prime Cost =$412,000
The Total Prime Cost is $412,000.
Answer 3:
The Total Conversion Cost is :
Direct labor $140,000
Factor overheads:
Depreciation on factory equipment 45,000
Depreciation on building 30,000
Factory insurance 15,000
Property Taxes $20,000
Utilities for factory 34,000
Indirect labor salaries 156,000
Total Conversion Cost = Direct labor+ Factor overheads:
Total Conversion Cost = $140,000 + 3,00,000
Total Conversion Cost = $440,000
Answer 4.
The Cost of Goods Manufactured Statement is :
Prime Cost $412,000
Conversion cost $440,000
Beginning Work in Process 124,000
less: ending work in process (130,000)
Cost of goods manufactured $846,000
Unit Product Cost = $846,000/100,000
Unit Product Cost = $8.46
The Cost of Goods Manufactured Statement is $8.46.
Answer 5.
The Cost of Goods Sold Statement is :
Cost of goods manufactured $846,000
Beginning finished goods 84,000
less: ending finished goods (82,000)
Cost of goods sold $848,000
Answer 6:
Income Statement Amount %
Sales Revenue $1,200,000 100
Cost of goods sold 848,000 71
Gross Profit $352,000 29
Operating Expenses:
Depreciation on building $50,000 4
Property Taxes 18,000 1.5
Sales Office Utilities 1,800 0.15
Administrative salaries 150,000 12.5
Sales office salaries 90,000 7.5
Sales Commission 60,000 5
Total Operating Expenses $369,800 31
Net Loss ($17,800) 14.83
Working Notes:
Sales Commission = $60,000 (5% of $1,200,000)
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Related Questions
what do you think makes us free
Answers
Answer:
Refers to the ability of a person to act out of his own free will and self-determination. This means that a person may decide to act or not to act, and these decisions are made out of his own free will. also means that a person may act even if he is not required or called to take action.
Explanation:
Please right an essay about Employer's Rights to Monitor & Employees' Email & Internet Use
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Answer:
Emails sent or received through a company email account are generally not considered private. Employers are free to monitor these communications, as long as there's a valid business purpose for doing so. No matter what, employers can't monitor employee emails for illegal reasons
Explanation:
G&T engagements typically follow:
A. Agile methodology
B. Waterfall methodology
C. Iterative development
D. All of these
Answers
G and T engagement usually follow the Agile methodology.
What is Agile methodologyThis is a concept that is used in the field of project management. This is used in the breaking down of projects to bits of phases.
This is mostly used for the development of software. Examples are Scrum.
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Which of the following forms of argumentation is not commonly used in aesthetic reasoning?
Analogy
Statistical syllogism
Definition
Answers
In aesthetic reasoning, the form of argumentation that is not commonly used is Option B. Statistical syllogism.
Aesthetic reasoning focuses on the subjective and qualitative aspects of art, beauty, and expression. It involves analyzing and evaluating the aesthetic qualities and experiences associated with a particular artwork, object, or concept. In this context, arguments are often based on personal preferences, individual interpretations, and emotional responses rather than empirical data or statistical evidence.
A. Analogy is a form of argumentation commonly used in aesthetic reasoning. It involves comparing similarities between different objects, experiences, or concepts to support a particular aesthetic judgment or interpretation. By drawing parallels and making connections, analogy helps to explain and communicate aesthetic qualities, associations, or meanings.
C. Definition is another form of argumentation frequently used in aesthetic reasoning. It involves providing clear and precise explanations of key terms, concepts, or aesthetic categories to facilitate understanding and analysis. By defining terms such as beauty, harmony, or expression, individuals can establish a framework for discussing and evaluating aesthetic qualities.
However, statistical syllogism, which relies on statistical data and generalizations, is not commonly used in aesthetic reasoning. Aesthetic judgments are typically subjective and personal, based on individual experiences and perceptions. Statistics and generalizations may not adequately capture the nuances, complexities, and subjective nature of aesthetic experiences.
In summary, while analogy and definition are commonly used in aesthetic reasoning, the statistical syllogism is not typically employed due to the subjective nature of aesthetic judgments. Therefore, the correct option is B.
The question was incomplete, Find the full content below:
Which of the following forms of argumentation is not commonly used in aesthetic reasoning?
A. Analogy
B. Statistical syllogism
C. Definition
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According to Hobson et al. (2006) the most common path to bullying is through
Group of answer choices
job insecurity and organizational chaos
hierarchy and secrets
organizational culture and ethics
Answers
Answer:
According to Hobson et al. (2006), the most common path to bullying is through hierarchy and secrets
The Kids Toy Company received an order for manufacturing and supply of 500toys from a retailer. The company spent the following costs for execution of the said order:-Material used Rs. 20,000Labour cost Rs. 15,000
FOH Applied 60% of labor cost On final inspection, it was found that 20 toys were spoiled which could be sold as ‘seconds’ at a price of Rs. 50 each.
Required: Record necessary accounting entries under the following cases:-
a)When the loss on spoiled toys is charged to the relevant job.
b)When the loss on spoiled toys is charged to the overall production
Answers
Additional computations: Equivalent production:
Materials = 7,000 + (5,000 × 100%) = 12000 units
Labor and factory overhead = 7,000 + (5,000 × 25%) = 8,250 units.
What is production?The process of mixing several inputs, both material and immaterial, to produce output is known as production. In a perfect world, this output would be a product or service that is useful to people and has value.
Production theory is the branch of economics that concentrates on production; it is closely tied to the consumption theory of the economy. Utilizing the initial inputs productively leads to the production process and output.
Land, labor, and capital are regarded as the three major production components and are referred to as primary producer commodities or services.
Both the output process and the final product do not considerably change these essential inputs or turn them into integral parts of the final product.
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A situation in which a partnerships breaks up completely is called
a family limited partnership
a dissociation
a dissolution
an LLC
Answers
Answer:
a dissolution
Explanation:
The term dissolution means breaking or tearing apart. When a business partnership break completely, it is regarded to have undergone a dissolution. The partnership as a business ceases to exist. All contractual obligations among the partners are terminated.
Partnerships can dissolve for various reasons and under different circumstances. Upon dissolution, partners will share the assets and liabilities as per the partnership agreement, or equally in the absence of an agreement.
Suppose the working-age population of a fictional economy falls into the following categories: 30 are retired; 45 are stay-at-home parents; 120 are employed full time; 40 are employed part time; 25 are unemployed but are actively looking for employment; 15 are unemployed and are not actively looking for employment. The official unemployment rate as calculated by the BLS would be
Answers
Answer:
The unemployment rate is 13.51%
Explanation:
The computation of the unemployment rate is as follows;
But before that following calculations need to be done
Labor Force is
= 120 + 40 + 25
= 185
And, the unemployed would be 25
Now the unemployment rate is
= unemployed ÷ Labor Force
= 25 ÷ 185
= 13.51%
hence, the unemployment rate is 13.51%
After reading Chapter 3 and the opening case study ATTACHED HERE (SEE BELOW), recommend a perspective a multinational corporation could use to make sense of the political situation in China, especially during the Covid-19 pandemic outbreak. How would you advise a potential foreign corporation to manage the intricacies (complexities and risks) of China’s political-legal environment? Remember that a foreign corporation is the one investing, outsourcing or doing businesss with China.
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When an interviewer says, “Tell me about yourself,” you should feel free to talk openly about your personal life.
False
True
Answers
Answer:
False
Explanation:
You should tell them about your personality and how others see you. Take for example your strengths and weaknesses as a person, or about your traits. If they ask you about your personal life keep it brief, they don't need too much info about that rather a small aspect of it.
Answer:
TRUE
Explanation:
Assets such as
equipment
copyrights
inventory
do not have a physical presence, and are hence
Reset
Next
in nature.
Answers
Equipment, copyrights, and inventory are examples of intangible assets that lack a physical presence.
What are Intangible Assets?In contrast to tangible assets like buildings, machinery, and inventory, intangible assets lack physical substance. Non-physical, long-term intangible assets are valuable due to their intellectual property, market position, or brand recognition.
Software, patents, trademarks, copyrights, trade secrets, brand names, customer lists, and other intangible assets are all examples. Because they are typically one-of-a-kind or difficult to replicate, these assets can give a business an advantage over competitors. A trademark, on the other hand, safeguards the use of a specific name, logo, or symbol, while a patent grants a company the exclusive right to use an invention.
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Ashton's gross pay is $82,000. He receives tax credits of $2,000. He pays total taxes of $4,500. What are his taxable and disposable incomes?
Ashton's taxable income is $
and his disposable income is $
v
Reset
Next
Answers
Answer:Therefore, Ashton's taxable income is, $80,000 while his disposable income is $75,500.
Explanation:
What are the 4 types of elasticity of demand?
Answers
The four types of elasticity of demand are price elasticity of demand, income elasticity of demand, cross-price elasticity of demand and advertising elasticity of demand.
1. Price elasticity of demand: This measures the responsiveness of quantity demanded to changes in price.
2. Income elasticity of demand: This measures the responsiveness of quantity demanded to changes in income.
3. Cross-price elasticity of demand: This measures the responsiveness of quantity demanded of one good to changes in the price of another good.
4. Advertising elasticity of demand: This measures the responsiveness of quantity demanded to changes in advertising expenditures.
These four types of elasticity of demand help to understand how consumers respond to different factors that may influence their purchasing behavior.
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Erik is acting in a single agency capacity in a transaction. What does this mean?
Answers
s
d. The amount a person would have to deposit today to be able to take out $500 a year for 5 years from an
account earning 8 percent. (Round your factor to 3 decimal places and final answer to 2 decimal places.)
Answers
The amount which would allow a person to take out $500 per year for 5 years from an account at 8 % would be $ 1, 996.36
How to find the amount ?The amount that would allow a person to be able to access $ 500 every year for 5 years in an account earning 8 % would be the present value of that amount of $ 500 for five years.
This $ 500 is an annuity so the present value would be the present value of an annuity.
The present value would be :
= Amount deposited x Present value interest factor of annuity, 8%, 5 years
= 500 x 3.9927100370781
= $ 1, 996.36
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accrued expenses
1. Workers' salaries for the six-day week is P4,800 payable every Saturday. December 31 is a Thursday.
2. Water bill received December 26 in the amount of P890 will be paid January 7 of the following year.
Answers
Answer:
1. Accrued salaries expense as of December 31 would be calculated as follows:
Number of days from Saturday to Thursday = 5 days
Salary expense per day = P4,800 / 6 days = P800 per day
Accrued salaries expense = 5 days x P800 per day = P4,000
Therefore, the company would need to record an accrued salaries expense of P4,000 as of December 31.
2. Accrued water expense as of December 31 would be calculated as follows:
Number of days from December 26 to December 31 = 5 days
Water expense per day = P890 / 30 days = P29.67 per day
Accrued water expense = 5 days x P29.67 per day = P148.35
Therefore, the company would need to record an accrued water expense of P148.35 as of December 31.
function of financial system?
Answers
Answer:
A financial system functions as an intermediary and facilitates the flow of funds from the areas of surplus to the areas of deficit. It is a composition of various institutions, markets, regulations and laws, practices, money managers, analysts, transactions, and claims & liabilities.May 29, 2016
(can u flag me)
An employee from another department will join your team next week. She requested the transfer because she felt her work was becoming predictable and monotonous. Her performance reports show she has made good contributions to programming projects but needs to improve her presentation skills.
Answers
It appears that next week, an employee from another department will be joining your team.
She requested the transfer due to feeling that her previous work was becoming predictable and monotonous. According to her performance reports, she has made valuable contributions to programming projects, demonstrating her strong technical abilities.
However, an area where she could improve is her presentation skills. As she transitions to your team, it would be beneficial to provide her with opportunities to engage in diverse tasks and challenges, ensuring she stays motivated and experiences professional growth.
Additionally, offering resources and training in presentation skills can help her strengthen this aspect of her work. By doing so, she will not only become a more well-rounded team member but will also contribute effectively to the overall success of your team. Remember to welcome her warmly and provide any necessary support during this transition period.
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Brainstorm 3 people save money and 3 ways people invest money.
Answers
Three ways that people save money and three ways that people invest money include:
Ways to save money:
In savings accounts In savings schemes within the community Money market accountsWays to invest money:
Buying stocks and bonds Investing in Mutual and Hedge Funds Buying propertyHow can we save and invest money?There are several ways of saving money and some of them include putting it into savings accounts and money market accounts in banks. These will earn some interest.
There are also ways of investing money so that you can get a higher return. Some include buying stocks or bonds issued by companies or the government. There is also buying property and earning rent, and investing in mutual funds.
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Consider the following BPMN diagram:
Answers
If we look at the process model, we can see that Task A is the first task and must always be completed in order for the model to be run. Further observation reveals that because an exclusive gateway is employed, any of the two jobs, B and C, is carried out individually rather than simultaneously. As we continue to move through the BPMN diagram, we see that task M is the conversing task and is therefore always run along with a networks message flow from it to task F, which is done as soon as a message is received in pool 2 and finishes.
An item of networking hardware or software called a gateway is used in telecommunications networks to allow data to go from one distinct network to another.
The way that gateway differ from routers and switches is that they can join various networks using more than one protocol to communicate and that they can function at any of the seven OSI levels.
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c. Enter into an alliance with a large European pharmaceutical firm. The products would be manufactured in Europe by the 50-50 joint venture and marketed by the European firm.
Answers
Answer: c. Enter into an alliance with a large European pharmaceutical firm. The products would be manufactured in Europe by the 50-50 joint venture and marketed by the European firm.
Explanation:
Reasons why it should enter into business with a European firm;
As mentioned in the text, the company is a small one in the an industry that is dominated and trusted by big names such as GSK and Pfizer. It would do the company a world of good to get into business with a large European firm and use the opportunity to increase their brand popularity and grow in size.The Canadian firm might not know much about how to go about conducting business in the European union and this can be detrimental to its business. Getting involved with the European firm will ensure that their product is properly marketed by an entity that knows how to do business in the target market.It will be cheaper to engage with the European firm than to begin anew and go alone at penetrating the European market. The Marketing cost alone will be significant because they will be going up against well established names. By partnering with the European firm, the Canadian firm will gain access to the European firm's already established distribution network even if all that they handle is marketing because they will market to their connections first. The Canadian will stand to gain knowledge on marketing techniques in the European Union that they can then use to their advantage for other products that they might have.
Discuss the various system for internal administration for financial organisation.
Answers
The various system for the internal administration of financial organizations includes accounting systems, budgeting systems, internal controls, performance management systems, risk management systems, and compliance management systems.
Internal administration systems for financial organizations are systems that oversee the internal functioning of the financial organizations and their staff. They enable businesses to establish and follow specific procedures that ensure their operations are stable, transparent, and responsible.
Here are some of the various systems for internal administration for financial organizations:
1. Accounting systems: Accounting systems are essential to ensure the accuracy of financial transactions and the reliability of financial statements. The accounting system should provide information about the current financial status of the organization and account for all income and expenses.
2. Budgeting systems: Financial organizations use budgeting systems to allocate resources and plan expenditures. This system can be used to control the financial performance of a department, project, or organization.
3. Internal controls: Internal controls are the procedures, policies, and activities that help an organization to maintain the integrity of its operations and prevent fraud. The effectiveness of these controls depends on how well they are implemented.
4. Performance management systems: Performance management systems are used to ensure that the goals of an organization are achieved. This system can be used to monitor and evaluate employee performance, provide feedback, and manage employee development.
5. Risk management systems: Risk management systems help financial organizations to identify and manage risks. They can be used to assess the risk associated with various activities and develop strategies to mitigate those risks.
6. Compliance management systems: Compliance management systems help financial organizations ensure that they are following all relevant regulations and laws. They can be used to monitor compliance with internal policies and procedures as well as external regulations.
In conclusion, internal administration systems for financial organizations are essential for ensuring the stability and transparency of financial operations. These systems include accounting systems, budgeting systems, internal controls, performance management systems, risk management systems, and compliance management systems.
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A marketing professor at Givens College is interested in the relationship between hours spent studying and total points earned in a course. Data collected on 156 students who took the course last semester are provided in the file MktHrsPts.
Click on the datafile logo to reference the data.
(a) Choose a scatter chart below with Hours Spent Studying as the independent variable.
(i) (ii) (iii) (iv) - Select your answer -Graph (i)Graph (ii)Graph (iii)Graph (iv)Item 1
What does the scatter chart indicate about the relationship between hours spent studying and total points earned?
The scatter chart indicates there may be a - Select your answer -positivenegativeItem 2 linear relationship between hours spent studying and total points earned. Students who spend more time studying generally earn more points, and this scatter chart is consistent with what is expected.
(b) Develop an estimated regression equation showing how total points earned is related to hours spent studying. What is the estimated regression model?
Let x represent the hours spent studying.
If required, round your answers to three decimal places. For subtractive or negative numbers use a minus sign even if there is a + sign before the blank. (Example: -300)
= + x
(c) Test whether each of the regression parameters β0 and β1 is equal to zero at a 0.01 level of significance. What are the correct interpretations of the estimated regression parameters? Are these interpretations reasonable?
(i) We cannot conclude that neither β0 nor β1 are equal to zero, where β0 is the estimated total points earned when the hours spent studying is zero and β1 is the estimated change in total points earned for a one hour increase in time spent studying. The interpretation of β0 is reasonable but the interpretation of β1 is not reasonable.
(ii) We can conclude that both β0 and β1 are equal to zero, where β0 is the estimated change in total points earned for a one hour increase in time spent studying and β1 is the estimated total points earned when the hours spent studying is zero. The interpretation of β0 is not reasonable but the interpretation of β1 is reasonable.
(iii) We can conclude that neither β0 nor β1 are equal to zero, where β0 is the estimated total points earned when the hours spent studying is zero and β1 is the estimated change in total points earned for a one hour increase in time spent studying. The interpretation of β0 is not reasonable but the interpretation of β1 is reasonable.
(iv) We can conclude that β0 = 0 but β1 ≠ 0, where β0 is the estimated change in total points earned for a one hour increase in time spent studying and β1 is the estimated total points earned when the hours spent studying is zero. Both interpretations are reasonable.
- Select your answer -Option (i)Option (ii)Option (iii)Option (iv)Item 5
(d) How much of the variation in the sample values of total point earned does the model you estimated in part (b) explain?
If required, round your answer to two decimal places.
%
(e) Mark Sweeney spent 110 hours studying. Use the regression model you estimated in part (b) to predict the total points Mark earned.
If required, round your answer to the nearest whole number. Do not round intermediate calculations.
$
Answers
Graph, where 0 is the estimated tοtal pοints wοn when the hοurs spent studying are zerο and 1 is the estimated change in tοtal pοints earned with an hοur increase in study time, we can deduce that neither 0 nοr 1 are equal tο zerο.
Hοw may a scatter plοt be judged tο be rοbust οr weak?The link is weaker the farther dispersed the spοts are. It is said that a link is strοng when the pοints are οbviοusly packed tοgether οr clοsely resemble a curve οr line.
What wοuld a scatter plοt οf the ideal, happy relatiοnship lοοk like?Data pοints fοrming an upward slοping line frοm the lοwer left tο the tοp right shοuld represent the ideal pοsitive assοciatiοn.
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QUESTION 6 of 10: Pricing your new product based on what you pay for the parts inside it is called: a) Demand-based pricing b) Cost-based pricing c) Competition-based pricing
Answers
Answer: Cost Based pricing
Explanation:
Which precaution should you take while working on a computer?
A.
Hold the connecting wires and not plugs when connecting and disconnecting.
B.
Maintain a cool temperature to avoid sweating.
C.
Keep all the screws you remove in a container because you want to use them on any device.
D.
Leave wires loose because they allow proper circulation of air.
Answers
Answer:
D.
Leave wires loose because they allow proper circulation of air.
Answer:
B
Explanation:
100% on PLATO
Uncle Tom’s factory in Tasmania is responsible for manufacturing the Direct Calorie Bar. The factory employs a process costing system. Due to the management accountant still suffering from food poisoning, you have been asked to prepare the end of period product costing.
The process for manufacturing the ‘Direct Calorie Bar’ involves mixing all the ingredients. The ingredients are then poured into moulds and injected with extra pure sugar and snap-frozen. It is assumed for process costing purposes that all raw material ingredients are added at the commencement of the process. Packaging occurs when the manufacturing process is 70% complete. For the purpose of accounting, the conversion costs of manufacturing are assumed to occur evenly across the whole of the production cycle.
The following information relates to the production of Direct Calorie Bar during the month of November.
Work-in-process: 1 November 2020 8,500 units
Stage of completion Value
Raw materials 100% $ 170,000
Packaging 100% $ 63,750
Conversion 65% $ 260,000
Work-in-process: 30 November 2020 15,300
60% complete
Chocolate Bars commenced during November 36,000
Cost incurred during production:
Raw materials $ 160,000
Packaging $ 82,500
Conversion $ 350,000
Required:
a) Using the Weighted Average Cost Method determine the cost value of closing WIP and the cost value of goods transferred out during the period. (10 marks)
b) Using the First in First Out (FIFO) method determine the cost value of closing WIP and the cost value of goods transferred out during the period. (10 marks)
Answers
Answer:
okay this makes sence. you would first subtract and get
Explanation:
5
Which statement is an example of effectively managing diversity
Answers
The statement that shows an example of effectively managing diversity is that change the signs, brochures & the website that involved the other languages from the local government to the legal & illegal immigrants.
The following information is not relevant:
If there is an increase in the no of families that are the single parent so it does not decrease the health benefits.In order to decrease workplace diversity, the company does not require all employees to speak in English.Companies does not recognize the Americans that shows poor demographic group.Therefore we can conclude that the statement that shows an example of effectively managing diversity is that change the signs, brochures & the website that involved the other languages from the local government to the legal & illegal immigrants.
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is transportation a microeconomic or macroeconomic issue
Answers
In a macroeconomic sense, transportation activities form a portion of a nation’s total economic product and play a role in building or strengthening a national or regional economy and as an influence in the development of land and other resources. In a microeconomic sense, transportation involves relations between firms and individual consumers. The demand for and supply of transportation for both passengers and freight, transportation pricing, and the reasons why the transportation system is both regulated and deregulated are among its concerns
enthnocentrism as a barrier in cross-cultural communication
Answers
An example of the effect of globalization on US consumers is what
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Answer:
Decreases the cost of manufacturing
Explanation:
Decreases the cost of manufacturing