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2 years ago

Exercise Answer the following questions 1. What is teaching? Write.

Business

1 answer:

MaRussiya [10]2 years ago

6 0

Answer:

Teaching can be defined as engagement with learners to enable their understanding and application of knowledge, concepts and processes. It includes design, content selection, delivery, assessment and reflection

Explanation:

mark me as a brilliant

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The master budget of Swifty Corporation shows that the planned activity level for next year is expected to be 50000 machine hour

anygoal [31]

Answer:

$1,068,000

Explanation:

The computation of the total manufacturing overhead cost should be

Total variable manufacturing overhead for 50,000 machine hours is

= Indirect labor + Machine supplies +Indirect materials

= 630,000+90,000+120,000

= $840,000

Now

Variable manufacturing overhead per machine hour is

= Total variable manufacturing overhead cost ÷ Number of machine hours

= $840,000 ÷ 50,000

= $16.80

And,

Total variable manufacturing overhead for 60,000 machine hours

= Variable manufacturing overhead per machine hour × 60,000

= $16.80 × 60,000

= $1,008,000

Now the total manufacturing overhead cost should be

= 1,008,000 + 60,000

= $1,068,000

4 0

3 years ago

As of December 31, Plush has not recorded any insurance expense for the year. The only insurance policy it owns is the one purch

konstantin123 [22]

Answer:

Debit Insurance expense $10,000

Credit Prepaid Insurance $10,000

Being entries to recognize insurance expense for the period (August to December).

Explanation:

Given;

Insurance policy was purchased on July 10 to run for 3 years.

Cost of policy = $72,000

Start date is August 1st. As at 31 December, the policy should have been amortized for 5 months (August to December)

Monthly depreciation = $72,000/(3 × 12)

= $2,000

Total amortization between August and December = 5 × $2,000

= $10,000

Journal entries

Debit Insurance expense $10,000

Credit Prepaid Insurance $10,000

Being entries to recognize insurance expense for the period (August to December).

7 0

3 years ago

Three grams of musk oil are required for each bottle of Mink Caress, a very popular perfume made by a small company in western S

Harrizon [31]

Answer:

1. Direct Materials Budget Units( bottles) 66,000 102,000 140,000 94,000 Total 452,000

2. Costs Raw Materials $ 297,000 $ 459,000 $ 630,000 $ 423,000

Total 2034,000

Explanation:

Direct Materials Budget in Bottles & Grams

Year 2 Year 3

First Second Third Fourth First

Budgeted production, 60,000 90,000 150,000 100,000 70,000

Desired Ending Inventory

20 % 0f the Production 18,000 30,000 20,000 14,000

Less Beginning Inventory

36,000/ 3 12,000 18,000 30,000 20,000 14,000

D. Materials Budget 66,000 102,000 140,000 94,000

Grams in a Bottle 3 3 3 3

Raw Materials gms 198,000 306,000 420,000 282,000

Costs $1.50 $1.50 $1.50 $1.50

Costs Raw Materials $ 297,000 $ 459,000 $ 630,000 $ 423,000 

We add the desired ending inventory to the budgeted production and subtract the beginning inventory to get the direct materials budget in bottles. This is again multiplied with 3 gms and the cost per gram to get the total costs of the total grams. Each bottle contains 3 grams.

Direct Materials Budget in Bottles & Grams

Year 2

First Second Third Fourth Total

Budgeted production, 60,000 90,000 150,000 100,000 450,000

Add Desired Ending Inventory

20 % 0f the Production 18,000 30,000 20,000 14,000 82,000

Less Beginning Inventory

36,000/ 3 12,000 18,000 30,000 20,000 80,000

D. Materials 66,000 102,000 140,000 94,000 452,000

Grams in a Bottle 3 3 3 3 3

Raw Materials 198,000 306,000 420,000 282,000 1356,000

Costs $1.50 $1.50 $1.50 $1.50 1.50

Costs Raw Materials $ 297,000 $ 459,000 $ 630,000 $ 423,000 

Total $ 2034,000

3 0

4 years ago

Which of the following is not a strength of sensitivity analysis?

Alona [7]

D is the correct answer

8 0

3 years ago

On December 28, I. M. Greasy, Catering completed $600 of catering services. As of December 31, the customer had not been billed

harina [27]

Answer:

The question is incomplete. The multiple choice options are missing. In any case, the answer for the adjusting entry is as follows:

Debit Accounts Receivable $600

Credit Sales Revenue $600

Explanation:

Financial transactions must be reported in the period they occur, this is encapsulated by the matching principle in accounting. It is done so as to reflect accurate information in the year end financial statements. The sales occurred during the current financial period and should be recorded as such by crediting the sales revenue account. This adjustment to the financial records is allowed to reflect accurate information regarding the transactions that occurred IN the period these transactions occurred. The accounts receivable/debtors' account is debited as the customer who received the catering services is a debtor to I.M. Greasy. The bill should be sent to the debtor to notify them of their payment obligation to I.M. Greasy at year end. Since the amount has not been received at year end from the customer, it cannot be recorded as a cash asset, rather, it is acknowledged as a debt asset.

8 0

3 years ago

Exercise Answer the following questions 1. What is teaching? Write.​

Exercise Answer the following questions 1. What is teaching? Write.