What's the buying culture in your hometown? why?

Answers

Answer 1

Answer:

The buying culture of a place refers to the factors that influence the purchase of goods and services in an environment. The buying culture in my hometown is the value-added culture. This is because the people in my hometown purchase goods and services mainly when they feel that there is a problem it will help them solve.

The value-added buying culture is that wherein the buyer senses that a product will help them to solve a problem that plagues them.

For example, most people in my hometown only go to the pharmacy and clinic when they are sick.

They do not believe in the idea of occasional check-up because they think that it is a waste of money.

Therefore, goods are purchased only when they are crucially needed.

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Answer 2

Answer:

Answer:

Explanation:

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Tucker Company makes chairs. Tucker has the following production budget for January - March. January February March Units Produced 10,064 11,918 8,277 Each chair produced uses 5 board feet of wood. Management wants ending inventory levels of raw materials to equal 20% of the production needs (in wood) for the next month. How many board feet of wood does Tucker need to purchase in February? Round your answer to the nearest whole number. Don't round any intermediate calculations.

A company has the following per unit original costs and replacement costs for its inventory: Part A: 5 units with a cost of $5, and replacement cost of $4.00 Part B: 10 units with a cost of $6, and replacement cost of $7.00 Part C: 10 units with a cost of $3, and replacement cost of $2.00 Using the lower of cost or market method applied to the individual items, the total value of this company's ending inventory is: (A) $100.00
(B) $125.00
(C) $110.00.
(D) $115.00.

Answers

Answer:

Option (A) is correct.

Explanation:

Part A:

Cost = No. of units × cost per unit

= 5 × $5

= $25

Replacement cost = No. of units × cost per unit

= 5 × $4

= $20

Value to be recognized = $20

Part B:

Cost = No. of units × cost per unit

= 10 × $6

= $60

Replacement cost = No. of units × cost per unit

= 10 × $7

= $70

Value to be recognized = $60

Part C:

Cost = No. of units × cost per unit

= 10 × $3

= $30

Replacement cost = No. of units × cost per unit

= 10 × $2

= $20

Value to be recognized = $20

Therefore,

Value of Ending inventory = Sum of recognized value of all the three parts

= $20 + $60 + $20

= $100

Hence, the total value of this company's ending inventory is $100.

data related to the inventories of alpine ski equipment and supplis is presented below 180000 the inventory of skis would be valued at

Answers

Answer:

$128,000

Explanation:

The computation of inventory of skis is shown below:-

NRV = Selling price - Sales commission

= $180,000 - ($180,000 × 10%)

= $180,000 - $18,000

= $162,000

Cost = $128,000

The cost which is $128,000 lower than $162,000 NRV

So, Inventory of Skis will be $128,000 which is Lower of cost or NRV

Therefore the correct answer is $128,000

Bridge Building Company estimates that it will incur $1,200,000 in overhead costs for the year. Additionally, the company estimates 50,000 direct labor hours will be spent building custom walking bridges for the year at a total direct labor cost of $600,000. What is the predetermined overhead rate for Bridge Building Company if direct labor costs are to be used as an allocation base?

Answers

Answer:

Predetermined manufacturing overhead rate= $2 per direct labor dollar

Explanation:

Giving the following information:

Estimated overhead cost= $1,200,000

Estimated direct labor cost= $600,000.

To calculate the predetermined overhead rate, we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 1,200,000 / 600,000

Predetermined manufacturing overhead rate= $2 per direct labor dollar

Final answer:

The predetermined overhead rate of Bridge Building Company is 2, which is calculated by dividing the overhead costs by the direct labor costs. This signifies that for every dollar of direct labor cost, the company allocates two dollars to overhead costs.

Explanation:

The predetermined overhead rate of the Bridge Building Company can be calculated by dividing the total estimated overhead costs by the total estimated direct labor costs as follows:

Overhead costs = $1,200,000
Direct labor costs = $600,000
Predetermined overhead rate = Overhead costs / Direct labor costs
Therefore, the predetermined overhead rate = $1,200,000 / $600,000 = 2

This means that for every dollar of direct labor cost, the Bridge Building Company allocates two dollars to overhead costs. This rate is used as the allocation base for their overhead.

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The Manufacturing Overhead account shows debits of $30,000, $24,000, and $28,000 and one credit for $86,000. Based on this information, manufacturing overhead: not been applied.
shows a zero balance.
has been underapplied.
has been overapplied.

Answers

Answer:

has been overapplied.

Explanation:

The net balance of debit and credit of manufacturing overhead account is under or over applied overhead. On debit sides the Actual costs incurred is recorded and overhead applied is recorded in credit side of manufacturing overhead account. Total actual costs are $82,000 ( $30,000 + $24,000 + $28,000 ) and overhead applied is $86,000. Net balance of account is overapplied overhead of $4,000 ( $86,000 - $82,000 ).

Monday island produces only yams yams and lemons lemons. the marginal cost of a yam yam is the number of lemons lemons that ______ to get one more ______.a. must be forgone; lemon lemon
b. people are willing to forgo; yam yam
c. must be forgone; yam yam
d. people are willing to forgo; lemon lemon

Answers

d. people are willing to forgo; lemon lemon

Department 1 completed and transferred out 450 units and had ending work in process inventory of 60 units. The ending inventory is 20% complete for materials and 60% complete for labor and overhead. The equivalent units of production for materials is

Answers

Answer:

486 units

Explanation:

Final answer:

The equivalent units of production for materials is calculated by adding the fully completed units to the proportion of the unfinished units that are complete for materials. Thus, in this case, that would be 450 (completed units) + [60 (ending WIP inventory) * 20% (proportion complete for materials)] = 462.

Explanation:

In the field of cost accounting, equivalent units of production refer to the number of units that could have been completed in a period given the amount of work that was actually done.

In this case, Department 1 transferred out 450 units, and the ending work in progress inventory was 60 units that were 20% complete for materials.

To calculate the equivalent units of production for materials, you need to add the fully completed units to the proportion of the unfinished units that are complete for materials.

Hence, = 450 (completed units) + [60 (ending WIP inventory) * 20% (proportion complete for materials)] = 450 + 12 = 462.

Therefore, the equivalent units of production for materials is 462.