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3 years ago

Problem 15-1A Production costs computed and recorded; reports prepared LO C2, P1, P2, P3, P4

Business

1 answer:

Vikentia [17]3 years ago

8 0

Answer:

Job No 306 351,000 Cost Of Goods Sold

Job No 307 500,000 Finished Goods Inventory

Job No 308 256,500 Work In Process Inventory

Explanation:

We add the March balance and the April balances for each of the jobs to get the desired results.

Marcelino Co

Job No 306

March

Direct Materials 25000

Direct Labor 25000

Applied Overhead 12500

Opening Work In Process 62500

April

Direct Materials 131000

Direct Labor 105000

Applied Overhead (50% of 105,000) 52,500

Total Costs Added In April 288500

Total Costs 351,000

Status on April 30 Finished & Sold

Included in Cost Of Goods Sold

Job No 307

March

Direct Materials 40000

Direct Labor 18000

Applied Overhead 9000

Opening Work In Process 67,000

April

Direct Materials 205000

Direct Labor 152000

Applied Overhead (50% of 152,000) 76,000

Total Costs Added In April 433,000

Total Costs 500,000

Status on April 30 Finished & Unsold

Included in Finished Goods Inventory

Job No 308

March

Direct Materials ------

Direct Labor --------

Applied Overhead -------

Opening Work In Process ------

April

Direct Materials 105000

Direct Labor 101000

Applied Overhead (50% of 101,000) 50,500

Total Costs Added In April 256,500

Total Costs 256,500

Status on April 30 In Process

Included in Work In Process Inventory

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3 years ago

You are the mayor of a town with 20,000 residents. Your economic development agency recently conducted a survey in which the 20,

mars1129 [50]

Answer:

Explanation:

The total benefit from building the library = 20.000 x $40 = $800,000

The total benefits exceeds the cost of building the library, so the library should be built.

Since all the residents would benefit from the library, all the residents should pay for the library. Thus, all residents should be taxed .

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4 years ago

You are planning to purchase the stock of Ted's Sheds Inc. and you expect it to pay a dividend of $3 in year 1, $4.25 in year 2

Yuri [45]

Answer:

I would pay up to 81.52 dollars for the share that way I will get a 12% return at least

Explanation:

We need to calcualte the present value of the cash flow of each year using the formula for present value of a lump sum:

Dividends Present Value

1st year 3.00 2.678571429 *1

2nd year 4.25 3.38807398 *2

3rd year 106.00* 75.44870627 *3

<em>Value of the share at 12% discount rate 81.51535168</em>

*100 dollars from the sale plus 6 dollars of dividends

$\frac{Dividend}{(1 + rate)^{time} } = PV$

Div: 3.00

time: 1

rate: 0.12

$\frac{3}{(1 + 0.12)^{1} } = PV$

PV 2.678571429

Dividends 4.25

time 2.00

rate 0.12000

$\frac{4.25}{(1 + 0.12)^{2} } = PV$

PV 3.3881

Maturity 106.00

time 3.00

rate 0.12000

$\frac{106}{(1 + 0.12)^{3} } = PV$

PV 75.4487

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3 years ago

The given statements are about monopolistic competition. Indicate whether each statement is true or false. A monopolistically co

Nuetrik [128]

Answer:

1. A monopolistically competitive firm may be able to distinguish itself from other firms by adjusting the physical attributes of its product, by offering a distinctive level of service, or by selecting a convenient location.- True

2.Product differentiation enables a monopolistically competitive firm to have some control over the price of its product- True

3.In the long run each monopolistically competitive firm produces a level of output that results in allocative efficiency.- False

4. In the long run each monopolistically competitive firm produces a level of output that results in productive efficiency- False

5.To maintain a competitive edge and earn economic profits, a monopolistically competitive firm has an incentive to improve its product. -True

6. Compared with purely competitive markets, under monoplistic competition consumers with a diversity of tastes can benefit from the opportunity to choose from a greater range of products and services. -True

7.In order to maximize its profits, each monopolistically competitive firm must determine the price of its product, how to differentiate its product, and how much it will spend on advertising.True

Explanation:

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3 years ago

1) Do you think there is/are any action(s) by Jessops Group Limited, that can be considered as a Corporate Social Responsibility

irina [24]

Answer:

Explanation:

Yes, Jessops is fulfilling its corporate social responsibility due to its contribution to the local councils for developing the collection facilities of discarded electronic goods and also by raising awareness for WEEE regulations, setting up plants to recycle used batteries can also be counted as a corporate social responsibility as it is an initiative to reduce environmental pollution caused by batteries.

There are four types of corporate social responsibility: Environment conservation, philanthropy, volunteerism, diversity and labor practices. Many corporations give money for preservation of wildlife and land, and take up environmental clean up efforts.

CSR helps the companies in many ways. It includes brand recognition and business reputation, it gives competitive edge to a company as companies prefer suppliers with responsible policies. It enhances customer loyalty and increases sales, it saves operational cost by reducing emissions and waste.

The CSR efforts helps the companies to attract talent and retain them as employees are motivated to work with companies taking up CSR initiatives.

CSR efforts also improves relations with the authorities and makes it easy to get financial access.

So, Jessop group will also get all these benefits from its CSR initiatives that will help it to become market leader in imaging industry.

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3 years ago