Answer:
You could make it a game, having them go to school with you as well. Maybe while studying, you can have them help you setting up and have little prizes who finishes their homework fastest. Hope this helps!
Answer:
Explanation:
a. Raw material needed to make one unit
Alpha = 25/5 = 5 Pound
beta = 10/5 = 2 Pound
b. Contribution margin per pound
Alpha Beta
Selling price 130 90
Direct material 25 10
Direct labor 22 21
Variable manufacturing overhead 17 7
Variable selling expenses 14 10
Contribution margin per unit 52 42
pound per unit 5 2
Contribution pound per pound 10.4 21
c. product mix
Pound Unit
Beta 62000*2 = 124000 62000
Alpha 38000 38000/5 = 7600
Total 162000
d. Maximum contribution margin = (62000*42+7600*52) = $2999200
e. Highest price = 10.4+5 = 15.40 per pound
Answer:
E. Make sure only presidents of divisions report to the CEO.
Explanation:
Every other option is a guideline for developing an organizational chart. There isn't a guideline that stipulates that only presidents of divisions have the leverage of reporting directly to the CEO. Chief Operations Officer and Chief Finance Officer reports directly to the CEO
Answer:
Weighted Average Cost method provides same ending inventory value and same COGS under both periodic and perpetual inventory valuation.
Explanation:
Weighted average method records all the inventory on average cost. It does not matter how and when inventory is counted, purchased or sold. It averages cost of every unit which comes in the inventory or goes out of inventory. Other valuation method LIFO and FIFO changes the value with change in time or frequency.
Answer:
c. Purchase cost of existing machine
Explanation:
Relevant costs are the incremental costs that can be avoided by avoiding the functional activity with which the costs are associated.
Maintenance costs are relevant as they are directly linked to the use of machinery and as such are incremental with the use. The same is the case with the maintenance costs of the existing machine as they are avoidable if the new machine is purchased.
Expected cost savings would be incremental with the improved new machine. These cost savings thus are relevant.
Resale value of existing machine are also relevant as these would contribute towards the purchase of new machine.
The purchase price of existing machine is irrelevant as the machine cost has already been paid and regardless of purchasing the new machine or not, this cost is not a part of any calculations.
Hope that helps.