Answer:
a. $11,500
Explanation:
Since the total liabilities and owners equity is $44,750 instead of $11,750
And, we know that
Total assets = Total liabilities + owners equity
So, Total assets = $44,750
Now the equipment is
= Total assets - total current assets - land + accumulated depreciation of an equipment
= $44,750 - $19,800 - $15,000 + $1,550
= $11,500
Answer:
Item 1
Property taxes on the factory building = Manufacturing Overhead
Item 2
Production superintendents’ salaries = Manufacturing Overhead
Item 3
Memory boards and chips used in assembling computers = Direct Materials
Item 4
Depreciation on the factory equipment = Manufacturing Overhead
Item 5
Salaries for assembly-line quality control inspectors = Manufacturing Overhead
Item 6
Sales commissions paid to sell laptop computers = Period Costs
Item 7
Electrical components used in assembling computers = Direct Materials
Item 8
Wages of workers assembling laptop computers = Direct Labor
Item 9
Soldering materials used on factory assembly lines = Manufacturing Overhead
Item 10
Salaries for the night security guards for the factory building = Manufacturing Overhead
Explanation:
Direct Materials and Direct Labor are direct Product Costs. They can be easily traced on to the Product being manufactured - laptop computers. These include Memory boards and chips and Wages of workers assembling laptop computers.
Manufacturing Overhead can not be easily traced to the Product being manufactured. They do need to be allocated to the Products being manufactured through cost drivers. These include Soldering materials used on factory assembly lines and Production superintendents’ salaries.
Period Costs are Non - Manufacturing Costs. They are Expensed in the Income Statement in the period in which they are incurred and are not included in Product Cost. These include Sales commissions paid to sell laptop computers.
Answer:
Indirect expenses
Explanation:
Indirect expenses are those that are usually sent on more than one department, and it is not easily traced to one source.
They are usually costs that result from running the business as a whole.
Examples of indirect expenses includes rent, taxes, advertising, salaries, administrative expenses, distribution and selling expenses.
These expenses will eventually be shared between different departments in the organisation and cannot be traced to only one source, so it is called indirect expense.
Answer:
The correct answer is Controlling stage.
Explanation:
Performing a check on the marketing plan is essential in any organization, as it allows you to check to what extent the planned objectives are being met.
The control is conceived as the set of measures implemented in order to check the results of the business effort and analyze the causes of the successes and the errors to take the relevant measures.
Without control, and it is something that is not debatable in any type of organization, no effort made will be valid. You are welcome to direct, manage, organize, if this last stage is not applied correctly. The Marketing Plan must indicate which methods, which systems, which are the active and passive subjects of the control, the regulatory channels and the appropriate regulations, the levels to which it will be applied and the guarantees that the information arrives devoid of subjective opinions.
Knowing if everything is developing according to the agreed plans and the planned objectives is the primary purpose of the control function. In effect, the control allows to know and judge the results obtained by deepening and clarifying the reasons that have motivated the variations and serves as the first element for taking corrective actions of the deviations of the Marketing Plan. This does not mean that all deviations from the Plan are negative, but that the analysis of these modifications must be decisive on the sign of the deviation, ensuring it in the future in the case of being positive and taking a different approach in the opposite case.