Answer: c. 5 bolts.
Explanation:
From the graph we see that the opportunity cost of making 80 nails is 20 bolts.
Opportunity cost of making 1 nail is;
80/80 : 20/80
1 : ¼
If 1 nail has an opportunity cost of ¼ bolts then making 20 extra nails would cost;
= 20 * ¼
= 5 bolts.
Answer:
employees can now get such information through self-service
Explanation:
The trend behind this change is that, employees can now get such information through self-service. Human resource Employees spend less time doing such work now because such information is readily available on the internet and can be accessed by any employee at anytime that they want to do so on their own.
How many units were completed in June?The equivalent units for materials under the weighted-average method are calculated to be?
Answer:
a) 14,300 units
b)
Materials: 18,400
Conversion: 16,350
Explanation:
physical count of units:
beginning 2,100
transferred-in 16,300
ending (4,100)
transferred-out 14,300
equialent units for w/a:
transferred-out + percentage of completion ending WIP
Materials: 14,300 + 4,100 x 100% = 18,400
Conversion: 14,300 + 4,100 x 50% = 16,350
Answer:
Predetermine overhead rate as a percentage of direct labor cost is 120%
Explanation:
To calculate the predetermined overhead rate, we first need to determine the total overheads under the balance of $3980 for two jobs.
The total cost of both jobs which are uncompleted equals,
Total cost both jobs = (660 + 560) + (460 + 740)
Total cost both jobs = 1220 + 1200 = $2420
Thus, the overhead cost involved in both jobs is,
Total Overhead cost = 3980 - 2420 = $1560
This total overhead of $1560 has been absorbed on the basis of a predetermine overhead rate based on the direct labor cost. The total direct labor cost involved under both uncompleted jobs is,
Total direct labor cost both jobs = 560 +740 = $1300
So, the predetermined overhead rate is,
Overhead rate = Total overheads / total direct labor cost
Overhead rate = 1560 / 1300
Overhead rate = $1.2 per $1 of direct labor cost
Expressed as a percentage of direct labor cost, it is:
% Overhead rate = 1560 / 1300 * 100 = 120% of direct labor cost
Answer:
Sr. No Particulars Debit Credit
1 Finished Goods $135,600
Work In Process- Assembly department $135,600
Transferred completed goods from the Assembly department to finished goods inventory. The goods cost $135,600.
2 Account Receivable $315,000
Sales $315,000
Cost Of Goods Sold $ 175,000
Merchandise Inventory $ 175,000
Sold $315,000 of goods on credit. Their cost is $175,000.
This answer explains how to record the journal entries for the transfer of completed goods, sale of goods on credit, and cost of goods sold.
To record the transfer of completed goods from the Assembly department to finished goods inventory, you would debit Finished Goods Inventory and credit Work in Process Inventory. The journal entry would be:
Finished Goods Inventory: $135,600
Work in Process Inventory: $135,600
To record the sale of goods on credit, you would debit Accounts Receivable and credit Sales Revenue. The journal entry would be:
Accounts Receivable: $315,000
Sales Revenue: $315,000
To record the cost of goods sold, you would debit Cost of Goods Sold and credit Finished Goods Inventory. The journal entry would be:
Cost of Goods Sold: $175,000
Finished Goods Inventory: $175,000
#SPJ3
Answer:
The correct answer is A) worldwide.
Explanation:
The concept of a global approach to tax collection is the determination of the tax burden without considering the origin of the profits reported in the tax declaration, which implies the homogenization of the tax burden that becomes effective taking into account double treaties. taxation, where information is received from other countries on the behavior of foreign branches in this regard.
b. top-level managers still have to rely on the active support and cooperation of middle and lower-level managers in pushing needed changes in functional areas and operating units.
c. the pivotal and most decisive strategy-implementing actions are carried out by frontline supervisors who have the day-to-day responsibility of seeing that key activities are done properly.
d. the success or failure of the implementation/execution effort hinges chiefly on doing an effective job of empowering employees to make day-to-day operating decisions that support good strategy execution.
e. it is a company's employees who most determine whether the drive for good strategy execution will succeed or fail.
Answer: top-level managers still have to rely on the active support and cooperation of middle and lower-level managers in pushing needed changes in functional areas and operating units
Explanation:
The senior executives in organizations are responsible for the implementation and execution of directives to achieve organizational goals. For them to achieve this, top-level managers have to rely on the cooperation and active support of the middle and lower-level managers for organizational success.
The top level managers are in charge of planning and directing the group of individuals as they monitor their work and implement needed changes.