Answer:
Product costs= $259,700
Explanation:
Giving the following information:
Direct materials $ 168,800
Direct labor $ 90,900
<u>The product costs are all expenses directly involved in the production. It generally involves the prime costs (direct material and direct labor).</u>
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Product costs= direct material + direct labor
Product costs= 168,800 + 90,900
Product costs= $259,700
Answer:
Outsourcing
Explanation:
Outsourcing is the process by which business hires another company to perform tasks on its behalf. It is usually undertaken to reduce costs and focus on the strategic parts/functions of the organisations.
Many companies have outsourced their functions to developing countries. Like call centers are outsourced. Apple has outsourced its manufacturing to China.
I would say that the work that Benji conducted on the books of the Sanborn Corporation would be classified as a financial audit because she checked their figures, examined their accounting procedures and prepared a report so this would qualify as an audit.
Answer: Sales for the period is $6,100
Explanation:
1. The purchases for the period was posted into a wrong account which is supply expenses.
We have to adjust that entry by:
DR: Purchases. $4,800
CR: Supplies Exp. $4,800
Being wrong posting of purchases for the period.
2. Sales for the period:
Opening inventory $3,500
Purchases. $4,800
Closing Inventory. ($2,200)
Sales. $6,100
DR: Bank $6,100
CR: Sales. $6,100
Being sales for the month of july
Answer:
The dimension that will minimize the cost is 55 and 110(55 × 110)
Explanation:
The garden area is 6050 ft². Along the driveway the costs is $6 per foot while the other 3 area sides cost only $2 per foot.
The garden has four sides so it a rectangle .
a = length along the driveway
b = length perpendicular to the driveway
The area = a × b
ab = 6050
b = 6050/a
minimize cost = 6a + 2a + 2b + 2b
minimize cost = 8a + 4b
cost = 8a + 4b
y = 8a + 4(6050/a)
y = 8a + 24200/a
y = 8a + 24200/a
differentiate the rate of change of the cost with respect to length.
y'(a) = 8 - 24200/a²
(8a² - 24200)/a² = 0
cross multiply
8a² = 24200
a² = 24200/8
a² = 3025
a = √3025
a = 55
inserting the value of a in the area formula
ab = 6050
b = 6050/55
b = 110