Oriole Products manufactures two component parts: AJ40 and AJ60. AJ40 components are being introduced currently, and AJ60 parts have been in production for several years. For the upcoming period, 1,500 units of each product are planned for manufacturing. Assume that the only relevant overhead cost is for engineering change orders (any requested changes in product design or the manufacturing process). AJ40 components are expected to require 4 change orders and AJ60 only 2. Each AJ40 requires 1 machine hour, and each AJ60 requires 1.5 machine hours. The cost of a change order is $420.
Required:
Estimate the cost of engineering change orders for AJ40 and AJ60 components if Blue uses a traditional costing method and machine hours as the allocation base.
Answers
Answer:
Total allocated cost for AJ40 $189,000
Total allocated cost for AJ60 $283,500
Total $472,500
Explanation:
Calculation to Estimate the cost of engineering change orders for AJ40 and AJ60
First step is to calculate for the Total number of change orders
AJ40 AJ60
Units planned 1,500 1,500
÷No. of change orders 4 2
=Total number of change orders 375 +750=1,125
Second step is to for the Total cost of change order
AJ40 AJ60
Units planned 1,500 1,500
×Machine hours per unit 1 1.5
=Total machine hours required 1,500 + 2,250 =3,750
Third step is to find the Total cost of change order
AJ40 AJ60
Total number of change orders 375 750
× Cost of a change order $420 $420
=Total cost of change order $157,500 $315,00
Total cost of change order=$157,500 +$315,000
=Total cost of change order = $472,500
Now let Estimate the cost of engineering change orders for AJ40 and AJ60 using Traditional system
TRADITIONAL SYSTEM
Total allocated cost for AJ40 $189,000 (472,500*1,500/3,750)
Total allocated cost for AJ60 $283,500 (472,500*2,250/3,750)
Hence,
Total allocated cost for AJ40 $189,000+Total allocated cost for AJ60 $283,500
=$472,500
Related Questions
The list price of an item is $96.60. The supplier is offering a series trade discount of 10/10/19. Find the net cost.
The net cost of the item is $
(Round to the nearest cent as needed.)
Answers
The net cost of the item, after applying the series trade discount, is $63.41.
To calculate the net cost of the item, we need to apply the series trade discount provided. The series trade discount is given as 10/10/19, which means there are three successive discounts applied.
Let's break down the discounts:
The first discount is 10%.The second discount is 10%.The third discount is 19%.To find the net cost, we need to calculate the price after each discount.
Step 1: Apply the first discount of 10%
List price - (10% of list price)
List price - (10/100 * List price)
List price - 0.1 *
List price = 0.9 * List price
Step 2: Apply the second discount of 10%
0.9 * List price - (10% of 0.9 * List price)
0.9 * List price - (10/100 * 0.9 * List price)
0.9 * List price - 0.09 * List price
0.81 * List price
Step 3: Apply the third discount of 19%
0.81 * List price - (19% of 0.81 * List price)
0.81 * List price - (19/100 * 0.81 * List price)
0.81 * List price - 0.1539 * List price
0.6561 * List price
Now, to find the net cost, we multiply the list price by the result of the series of discounts:
Net cost = List price * 0.6561
Given that the list price is $96.60, we can calculate the net cost:
Net cost = $96.60 * 0.6561
Calculating this, we find:
Net cost = $63.41 (rounded to the nearest cent)
Therefore, the net cost of the item, after applying the series trade discount, is $63.41.
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QUESTION #1 - IN YOUR OPINION, what are the three (3) most important HR laws? List your 3 most important laws, explain what the law is, why you believe it is important, and how businesses can ensure t hey never violate it.
Answers
The three most important HR laws in the United States are:
Title VII of the Civil Rights Act of 1964Americans with Disabilities ActFair Labor Standards Act (FLSA)What are some HR Laws ?Title VII of the Civil Rights Act of 1964 outlaws any type of discrimination based on race, color, religion, sex, or national origin in employment fields. In similar fashion, the Americans with Disabilities Act (ADA) strictly forbids discrimination against individuals who have disabilities regarding job opportunities, public accessibility, transportation, telecommunications, and government services.
The Fair Labor Standards Act (FLSA) seeks to guarantee citizens a minimum wage, proper overtime pay, an array of recordkeeping guidelines, and youth labor standards throughout the United States.
In order to guarantee their employees safety from all potential forms of inequity and manipulation at work, businesses must adhere to such laws by creating policies and procedures which conform faithfully to the mentioned regulations. Furthermore, businesses should ensure that their personnel comprehend the importance of inclusiveness, fair labor oppotunities and constantly evaluate their Human Resource strategies to guarantee compliance with these norms.
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what is asset-backed security? in your own words.
Answers
Answer:
a debt obligation, like a loan or mortgages
Predictive analytics in business is an important application of multiple regression analysis. Generally speaking, what is meant by predictive analytics
Answers
Answer:
Predictive analytics is a branch of statistics that is used to predict unknown events in the future
Explanation:
Predictive analytics uses various tools such as data mining, predictive modelling, and machine learning for the purpose of analysing historical data to predict future outcomes.
Businesses use this method to predict rail and opportunities based on previous transactional data.
It eventually provides predictive score or probability that can be used in credit risk, marketing, healthcare, and fraud detection
Investment is an example of which of the following risks?
O Political risk
O Uncontrollable risk
O Pure risk
O Speculative risk
Answers
Answer:
Political risk
Explanation:
Investment is an example of Political risk of the following risks?
Answer:speculative risk
Explanation:
correct answer
Justify the role of ethics in the workplace
Answers
The role of ethics in the workplace is leads to satisfied workers who look forward to going to work rather than viewing it as a burden.
What do you understand by the role of ethics?Ethics can be thought of as the rules that direct our behaviour so that we make the best decisions for the benefit of everybody. In order to tell the truth, maintain our word, or assist a stranger in need, we must follow ethical principles.
A company that implements a workplace ethics programme aligns employee behavior. This encourages transparency, collaboration, and trust as a result. Additionally, workers perform better at their professions when they are aware of the expectations of their superiors.
Integrity is among the most crucial working ethics. Additionally, employees grow to feel attached to and devoted to the company.
Therefore, the role of ethics in the workplace is leads to satisfied workers who look forward to going to work rather than viewing it as a burden.
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Suppose that the demand and suppig equations of a consumer are given by: dd 150-sop Qu = 60+40p A, Show graphically and co-pute the consumer surplus? B. show graphically and compute the change in consumer-surpius Lohen the price changes to 2 ?
Answers
The change in CS when the price increases from $30 to $32 are $22.
Suppose that the demand and supply equations of a consumer are given by:Qd = 150 - 5P and Qs = 60 + 4P, respectively.
Graphical representation of consumer surplus and change in consumer surplus us consider the graph of the given demand and supply equations below: Graph of the given demand and supply equationsWe can observe from the graph above that the equilibrium price is $20 and the equilibrium quantity is 70.
The consumer surplus (CS) can be calculated as the difference between the maximum price that the consumer is willing to pay and the actual price paid.
Suppose that the consumer purchases 40 units of the commodity at a price of $30 per unit.
The CS can be calculated as follows: Maximum price that the consumer is willing to pay is calculated as the difference between the intercept of the demand curve on the vertical axis and the price for the quantity demanded of 40 units as follows: Maximum price = $150 - 5(40) = $-50
This is because the maximum price that the consumer is willing to pay cannot be negative, hence, we conclude that the consumer surplus for a price of $30 is zero.
If the price increases to $32, the consumer will reduce the quantity demanded to 38. The change in consumer surplus is calculated as the difference between the initial and new CS as follows: Initial CS = 0New CS = (150 - 5(38)) - (32)(38) = $22
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solutions for lack of accurate and timely information?
Solutions for information overload?
Answers
Solutions for lack of accurate and timely information are by improving the data management, use real time data, invest in data analytics and proper training of employees. Solutions for information overload is use of data visualization.
Missed opportunities, expensive errors and decreased productivity can result from a lack of accurate and timely information. Organizations can address this issue in a number of ways, including by enhancing data collection, utilizing real time data systems, investing in data analytics tools and instructing staff on how to gather and analyze data efficiently.
By doing this, businesses can guarantee that they have access to the data they require when they require it, empowering them to take better decisions and stay one step ahead of the competition.
A problem that can arise is information overload, especially in the modern world where data is being produced at an unheard of rate.
Organizations can use a range of solutions to deal with this problem including data visualization, filters and search tools importance based information prioritization, data source limitations and automated information that help in sorting and prioritization.
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Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.40 per card, and the cost of printing is $0.10 per card. The company receives $3.75 per card sold. Since the cards have the current year printed on them, unsold cards have no salvage value. Their customers are from the four areas: Los Angeles, Santa Monica, Hollywood, and Pasadena. Based on past data, the number of customers from each of the four regions is normally distributed with mean 2,300 and standard deviation 200. (Assume these four are independent.)
What is the optimal production quantity for the card?
Answers
Answer:
≈ 9644 quantity of card
Explanation:
given data:
n = 4 regions/areas
mean demand = 2300
standard deviation = 200
cost of card (c) = $0.5
selling price (p) = $3.75
salvage value of card ( v ) = $ 0
The optimal production quantity for the card can be calculated using this formula below
= u + z (0.8667 ) * б
= 9200 + 1.110926 * 400
≈ 9644 quantity of card
First we have to find u
u = n * mean demand
= 4 * 2300 = 9200
next we find the value of Z
Z = ( \(\frac{p-c}{p-v}\) )
= ( 3.75 - 0.5 ) / 3.75 = 0.8667
Z( 0.8667 ) = 1.110926 ( using excel formula : NORMSINV (0.8667 )
next we find б
б = 200\(\sqrt{n}\) = 400
Occupational hygiene focuses specifically on three types of exposures. Explain any Two of these
Answers
Occupational hygiene focuses specifically on three types of exposures are:
chemical physical biologicalWhat is Occupational hygiene?Occupational hygiene can be described as the process that is been used in the work placer so that it can focus on the monitoring as well as preservation of the people of the workplace from any hazards.
chemical exposure can be described as one that focus on any hazards that can come from the use of toxic substance in the workplace. physical exposure can be described as the one tat focus on any hazards as a result of any physical injury in the workplace.
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TRUE/FALSE. designating a third party as a beneficiary in a contract does not indicate whether the beneficiary is intended or incidental.
Answers
False. Designating a third party as a beneficiary in a contract typically indicates that the beneficiary is intended. If a contract does not explicitly state that the beneficiary is incidental, then it is likely intended.
What is third party?Third party refers to an individual or organization that is not directly involved in a particular transaction or activity, but has some involvement or interest in it. It is commonly used in reference to legal and business activities, such as contracts, settlements, and transactions. It can also be used to describe a person or organization that provides goods or services to two other parties. For example, a third-party logistics provider is a company that provides warehousing and transportation services to two other businesses. In politics, a third party is any party other than the two major parties in a two-party system. Third-party candidates are often included in political elections to provide more choice to voters, although they rarely succeed in winning electoral office.
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Time series data or trends are useful in forecasting, however, this is said to be hindered by one major problem. Basing on your understanding on these data, explain what is actually limiting these datas from being used directly in forecasting.
Answers
Time series data or trends are commonly used for forecasting, but their direct use is hindered by several limitations.
The limitations of Time series dataThese limitations include seasonality, which introduces regular fluctuations that can obscure the underlying trend; trend changes, where the pattern of the data shifts over time; irregularity and noise, which are random variations that make it difficult to discern true patterns; and non-stationarity, where the statistical properties of the data change over time.
These challenges make it necessary to employ advanced techniques and models to address these limitations and improve forecasting accuracy. These techniques involve mathematical transformations, filtering methods, smoothing techniques, and the incorporation of additional variables or external factors to account for the complexities present in the time series data.
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accidents and mistakes are powerful source of innovation true or false?
Answers
Answer:
true
Explanation:
they gives us great lesson
Do you think GDP is the best indicator to measure the living standard of a country? Justify your answer (4 marks)
Answers
Explanation:
GDP is an indicator of a society's standard of living, but it is only a rough indicator because it does not directly account for leisure, environmental quality, levels of health and education, activities conducted outside the market, changes in inequality of income, increases in variety, increases in technology,
GDP is an accurate indicator of the size of an economy and the GDP growth rate is probably the single best indicator of economic growth, while GDP per capita has a close correlation with the trend in living standards over time.
Assume the following taxpayer information: The taxpayer is a South African manufacturing company (not a small business corporation as defined) with a 31 March 2023 year of assessment. Calculate the recoupment on the disposal of the machine BELOW. Information pertaining to manufacturing machine: Events Sold Purchased Tax value at date of sale Date 30 December 2022 1 August 2020 Amount R 605 000 R 490 000 R 98 000
Answers
The depreciation allowances allowed in prior years of R533 665 (recoupment amount)The recoupment amount is included in taxable income.
An asset disposed of in the year of assessment (2022) for proceeds exceeding its tax written down value (TWDV) triggers a recoupment of depreciation allowances. The recoupment is calculated by deducting the TWDV from the proceeds, but limited to the sum of depreciation allowances allowed in respect of the asset less any amount that has been recouped in a prior year.
Manufacturing machine sold R605 000 Purchased R490 000 Tax value at date of sale R98 000Calculate recoupment on the disposal of the machine;
The machine's TWDV is R71 335; this is calculated by taking the original cost of R490 000 less the depreciation allowances allowed in prior years of R34 665.R605 000 (proceeds) - R71 335 (TWDV) = R533 665 (recoupment amount)The recoupment amount is included in taxable income.
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Jimmy export copra to Australia for A $5000 when exchange rate IS KI= A$0.50 What is the total revenue earn from the export?
Answers
The total revenue earned from export is 10,000KI.
To calculate the total revenue earned from the export, multiply the amount of copra exported by the exchange rate.
Given:
Amount of copra exported = A$5000
Exchange rate: 1 KI = A$0.50
Total revenue = Amount of copra exported * Exchange rate
Total revenue = A$5000 * KI/A$0.50
Simplifying the expression:
Total revenue = A$5000 / (A$0.50/KI)
To divide by a fraction, we can multiply by its reciprocal:
Total revenue = A$5000 * (KI/A$0.50)
Calculating the product:
Total revenue = 5,000 * 2KI
Total revenue = 10,000KI
Therefore, the total revenue earned from the export of copra to Australia is 10,000KI.
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The complete income acquired from trade is 10,000KI. To work out the absolute income acquired from the product, duplicate how much copra traded by the swapping scale.
Exchange includes the exchange of labor and products starting with one individual or substance then onto the next, frequently in return for cash. Financial experts allude to a framework or organization that permits exchange as a market.
An early type of exchange, trade, saw the immediate trade of labor and products for different merchandise and services,[1] for example exchanging things without the utilization of money.
Current income merchants by and large haggle through a mode of trade, like cash. Subsequently, purchasing can be isolated from selling, or acquiring. The innovation of cash (and letter of credit, paper cash, and non-actual cash) incredibly streamlined and advanced exchange.
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Steve met Diana at the local gym and they started talking about how Diana needed her
house painted. Steve told Diana that he would paint her whole house for $5,000 and
that he would keep the offer open for seven days. Later that night, Steve even sent
Diana an email detailing the terms of the offer. Two days later, Steve sent Diana an
email around 2:25 p.m., stating that the original offer was revoked. Around 1:55 p.m.
that same day, Diana wrote Steve a letter, stating that she accepted his offer for the
house painting. As soon as Diana was able, she went to Post Office and sent Steve the
letter by certified mail (time stamped by the Postal Service at 2:27 p.m.). That night
around 5:45 p.m., Diana was reviewing her emails and saw Steve's earlier email
informing her about the revocation of the offer. She immediately called him to tell him
that she had wrote him a letter of acceptance. Was the offer revoked by Steve and why
or why not?
Answers
Answer:
Was the offer revoked by Steve and why
or why not?
No
Explanation:
I am not the best with contracts so no guarnatee but there was a clear offer, acceptance, consideration, making this a contract. Unless in the terms of the contract it stated that there could be a cancellation at any time, Steve is obligated to follow through.
Social security and medicare are progressive taxes. payroll taxes. local taxes. corporate taxes.
Answers
Answer:
payroll taxes
Explanation:
just took the test, got 100%
Social security and medicare are type of payroll taxes.
What are payroll taxes?Payroll taxes are taxes paid by an employees form his or her salary.
The tax can be deducted or removed directly from the salary or wages of the employee and it is removed based on the amount of salary or wages in pay roll.
Therefore, payroll taxes includes social security and medicare.
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suppose that country a is experiencing high inflation relative to country b, which is enjoying steady growth with a stable price level. which of the following would occur in the foreign exchange market?
Answers
Foreign exchange marketplace (foreign exchange, or FX, marketplace), group for the change of one u . s. a .'s forex with that of any other united states of America.
Forex markets are virtually made of many exceptional markets because the trade between individual currencies—say, the euro and the U.S. dollar—each constitutes a market.
A marketplace in which one currency is exchanged for another forex; for instance, in the marketplace for Euros, the Euro is being offered and sold and is being paid for using any other foreign money, along with the yen.
The foreign exchange (foreign exchange) marketplace is the most important and most liquid asset market on the earth, trading 24/7 around the world. there's sincerely no valuable area for the forex market - it's far a dispensed electronic marketplace with nodes in financial corporations, critical banks, and brokerage houses.
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You are a loan officer at a bank. An applicant comes to you for a $5,000 loan. Explain why you would want to know that person's credit history.
Answers
I would want to know the applicant's credit history so as to be able to determine the likelihood of the applicant paying back the loan. An applicant that has a history of defaulting on loans or has maxed out credit cards is unlikely to pay back a loan.
For example, consider two applicants, Mr A and Miss B, who come to apply for a loan. Mr A. has a three maxed out cards, he has defaulted on a loan payment at another bank and he is currently unemployed. On the other hand, Miss B is a student with no history of debt. She came to apply for a loan so as to be able to pay for her college tuition.
Miss B has a better credit history when compared with Mr A. She is less likely to default on payment and hence she is a better candidate for the loan. If the loan officer does not check for this information, he would not be privy to the information and so he is in danger of giving the loan to the less suitable person.
Credit history is a report that provides information on the repayment of debt of an individual. It provides information about amount owed and how soon repayments were made. Credit history is usually contained in a credit report
Contents of a credit report
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An investor sells 150 shares of Amazon (AMZN) stock at $35.00 and pays a $7 commission. What is the total amount of money received by the investor ?
$5,243
$5,250
$5,520
Please help me answer it correctly
Answers
Answer:$5,257 well....thats not an option so im sorry....if i were to guess based on answer opitons i would pick $5,243
Explanation:
:)
In 2011, Armenia had a real GDP of approximately $4.21 billion and a population of 2.98 million. In 2012, real GDP was $4.59 billion and population was 2.97 million. Armenia's real GDP per person in 2012 was
A) $1,545
B) $380
C) $1,413
D) $132
Answers
Answer:
1,413 WAS armenias real GDP per person In 2012
plzzzzzz help me i need help
Answers
When he buys it on credit he is increasing what he owes.
importance of constitutional law to Ghana's development
Answers
The importance of constitutional law to Ghana's development is it establishes the structure, procedures, powers and duties of the government, structure of the judiciary and legislature, and spells out the fundamental rights and duties of citizens.
What is constitutional law?It is body of law based on a ratified constitution or similar formative charter dealing with the fundamental principles by which a government exercises its authority. The the body of rules, doctrines, and practices that govern the operation of political communities is known as constitutional law.
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Problem-6; (chapter 3) SS Ltd. obtained significant influence over YY Ltd by buying 30% of Y's 100,000 outstanding ordinary shares at a cost of Br 18 per share on January 1, 2022. On May 15, YY declared and paid a cash dividend of Br 150,000. On December 31, YY reported net income of Br 270,000 for the year. (a) record acquisition of shares (a) record revenue and dividends
Answers
(a) Record acquisition of shares: Investment in YY Ltd. Dr. Br 540,000, Cash Cr. Br 540,000.
(a) Record revenue and dividends: Dividend Receivable Dr. Br 45,000, Revenue from Investment in YY Ltd. Cr. Br 45,000; Investment in YY Ltd. Dr. Br 81,000, Revenue from Investment in YY Ltd. Cr. Br 81,000.
(a) To record the acquisition of shares by SS Ltd. on January 1, 2022:
Investment in YY Ltd. (30% of 100,000 shares * Br 18) Dr. Br 540,000
Cash Cr. Br 540,000
This journal entry records the purchase of 30% of YY Ltd.'s outstanding shares for a total cost of Br 540,000.
(b) To record revenue and dividends for the year:
On May 15, YY Ltd. declared and paid a cash dividend of Br 150,000. This dividend represents the portion of the company's earnings that will be distributed to its shareholders.
Dividend Receivable Dr. Br 45,000 (30% of Br 150,000)
Revenue from Investment in YY Ltd. Cr. Br 45,000
This entry recognizes the dividend revenue earned by SS Ltd. from its investment in YY Ltd.
On December 31, YY Ltd. reported net income of Br 270,000 for the year. As SS Ltd. has significant influence over YY Ltd., it needs to adjust its investment account for its share of the net income.
Investment in YY Ltd. Dr. Br 81,000 (30% of Br 270,000)
Revenue from Investment in YY Ltd. Cr. Br 81,000
This entry records the revenue earned by SS Ltd. from its share of YY Ltd.'s net income.
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Which of the following statement about trust in businesses and business executives in the early twenty-first century is true?
Answers
Option d) "Americans have historic low rates of trust of both businesses and business executives" is the true one.
There have been studies and surveys that indicate a decline in trust in businesses and business leaders in recent years. This can be due to various factors such as financial crises, corporate scandals, and a growing awareness of the negative impact of business practices on society and the environment. Trust in businesses may be affected by the company's reputation, transparency, and how they handle public relations.
Trust in business leaders may depend on the CEO’s leadership style and the company’s performance.
Complete question:
Which of the following statements about trust in businesses and business executives in the early twenty-first century is true?
a) The U.S. population is evenly divided between those who trust businesses and those who do not.
b) Most Americans still believe businesses and business executives are honest and ethical.
c)Most Americans still trust businesses but not the individual executives who run them.
d)Americans have historic low rates of trust of both businesses and business executives.
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How does the ipencil film explain the economics concepts of rational behavior and economic self intrest
Answers
The iPencil film explains rational behavior and economic self-interest by illustrating how the market works. The film shows how different participants in the market make decisions based on their individual interests.
What do you know about iPencil film?
iPencil is a documentary film that follows the journey of the Apple Pencil from concept to production. The film reveals the incredible engineering, design, and manufacturing process that goes into making the Apple Pencil. The film focuses on the development of the Pencil's unique features, such as its pressure sensitive tip, palm rejection, and tilt sensitivity. It also highlights the use of advanced manufacturing technologies such as CNC machining, injection molding, and laser engraving. The film dives into the story of the amazing people involved in the development of the Pencil and the passion they put into making the product. It offers an inside look at Apple's culture and the innovation that is behind the development of the Pencil. iPencil is a must-see film for anyone interested in the history and development of the Apple Pencil.
So, The iPencil film explains rational behavior and economic self-interest by illustrating how the market works.
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Deregulation in the banking industry in 2007 was mainly intended to lead to _____. (Select all that apply.)
an efficient marketplace
competitive pricing
riskier investments
volatile interest rates
Answers
Answer:
riskier investment
Explanation:
Mark brainliest
Which of the following is an example of an adjusting entry?
A. Revenue that has been billed but not yet paid
B. Revenue from a prior accounting period
C. Revenue in the form of products as opposed to cash
D. Revenue that has been billed and paid
Answers
The correct answer is option A. An example of an adjusting entry is Revenue that has been billed but not yet paid
What is an adjusting entry?These are entries that share correct amount between income and expenditure in the period they occur, usually at the end of the financial period.
It is to be noted that adjusting entries are alteration made to journal entries that have been previously recorded.
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a _____ attempts to gain access to a system for malicious purposes without the owner's consent.
Answers
Answer:
A black hat hacker
Answer: Black hat hacker
Explanation: