Answer:
Explanation:
Rordan Corporation
Direct Labor Budget
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
Year
Required production in units:
1st Quarter = 8, 000
2nd Quarter = 6, 500
3rd Quarter = 7, 000
4th Quarter = 7, 500
Year = 29, 000
Direct labor time per unit (hours):
1st Quarter = 0.35
2nd Quarter = 0.35
3rd Quarter = 0.35
4th Quarter = 0.35
Total direct labor hours needed:
1st Quarter = 2, 800
2nd Quarter = 2, 275
3rd Quarter = 2, 450
4th Quarter = 2, 625
Year = 10, 150
Direct labor cost per unit:
1st Quarter = $12
2nd Quarter = $12
3rd Quarter = $12
4th Quarter = $12
Total direct labor cost:
1st Quarter = $12 x 2, 800 = $33, 600
2nd Quarter = $12 x 2, 275 = $27, 300
3rd Quarter = $12 x 2, 450 = $29, 400
4th Quarter = $12 x 2, 625 = $31, 500
Year = Q1 + Q2 + Q3 + Q4 = $121, 800
Answer:
year beginning interest payment total ending
balance payment payment balance
<em>1 150000 0 50000 50000 150000</em>
<em>2 100000 10500 50000 60500 100000</em>
3 50000 7000 50000 57000 50000
4. 0 3500 50000 53500 0
b. The balance of the lease liability reported would be $ 150000
Interest payable would be $150000*0.07 = 10500
Explanation:
the opening balance is without the $50000 paid at the beginning of every year.
interest for the previous year is paid on the beginning of the current along with the payment for the year at the beginning.
Answer:
Buyer/seller
Explanation:
In the case of lean system it focused on the customer side while on the other hand the JIT i.e. Just in time focused on the manufacturing process i.e. efficiency
So in the case of lean or JIT system the burden for ensuring the production quality from vendor shifts is from the buyer to the seller
Therefore the above represents the answer
Answer:
1. Dividends = Dividends, it decreases stockholder's equity.
2. Rent Revenue = Revenue, it increases stockholder's equity
3. Advertising Expense = Expense, it decreases stockholder's equity
4. Stockholder's pay cash into business = Issuance of stock, increases stockholder's equity.
Explanation:
Notes to above:
1. Dividends are paid from current year income or from retained earnings, as both current year earnings and retained earnings are clubbed into equity thus, with payment of dividend, equity is decreased.
2. Rent revenue is a part of income and income is part of equity as with increase in income there is increase in equity also.
3. Advertising expense will decrease the income and with decrease in income there will be decrease in equity.
4. Stockholder's pay cash into business as for issuance of stock and with issue of stock equity will increase.
Answer:
To no the prices of goods and service and to buy stuff at low prices.
Explanation:
A purely competitive market is a situation where multiplier sellers have homogeneous products. The availability of the information is very important in a purely competitive market in order to decide how many sellers are selling the same product and from where an individual can buy products at low prices. Availability of information means, no seller can earn abnormal profits.
