Answer:
Prime cost = $94,000
<em>Conversion cost</em> = $135,400.
Explanation:
<em>Prime cost is the addition of direct material cost , direct labor cost and direct expenses.</em>
<em>Conversion cost is the cost of converting raw materials into finished product. It s the sum of direct labour cost and production overheads.</em>
For Bento Engineering,
<em>Prime cost = direct labour cost (since no figure is given for direct material and direct expenses.)</em>
Prime cost = $94,000
Conversion cost = Direct labour cost + overheads
<em>Conversion cost</em> = $94,000 + 126,000
= $135,400.
Prime cost = $94,000
<em>Conversion cost</em> = $135,400.
Answer:
1. $9.07
2. $25.5
Explanation:
(a) Total Cost:
= 260,000 × 60% (Wages and Salaries) + 60,000 × 50% (Other Overhead)
= $186,000
Cost of Wages and Salaries and Other Overheads Charged to Each Bouquet:
= Total Cost ÷ Total Bouquets
= $186,000 ÷ 20,500
= $9.07
(b) Total Cost:
= 260,000 × 30% (Wages and Salaries) + 60,000 × 40% (Other Overhead)
= $102,000
Cost of Wages and Salaries and Other Overheads Charged to Each Delivery:
= Total Cost ÷ Total Delivery
= $102,000 ÷ 4,000
= $25.5
Contractionary fiscal policy. This occurs when government is spending less than the total tax revenue it receives. The policy is a result of raising taxes and/or reducing spending.
Answer:
<em><u>Decrease:</u></em>
a)advertising expense
c) Insurance expense
d) Salaries & Wages Expense
g) Utilities Expens
<em><u>Descrease:</u></em>
e) Dividends
<em><u>Increase:</u></em>
b)Service revenue
f) Rent revenue
Explanation:
The retained earnings accumulates the net income of every year.
As net income is determinate like:
revenues - expense = gross profit
expense will make this difference lower and therefore not beign able to help you These are the changes for:
adv expense
service revenue
insurance exepense salaries and wages
Dividends will also decrease RE as they represent a disribution of the accumualted earnings in favor of the stockholders
Finally revenues increase it as they make net income to increase as well.
Answer:
<em><u>short-termism
</u></em>
Is the acting upon short term vision of the needs and problems that must be addressed. It is a problem because the vision that is important is the Long path vision.
<em><u>What is “longpath” and why did Wallach develop the concept? </u></em>
Is a concept that combines long term vision and goal oriented. Wallach develop that concept as he did not find a term that frame what is intended in the long run that was goal oriented.
<em><u>Briefly discuss each of the three ways of thinking that Wallach describes. </u></em>
Transgenerational thinking: Thinking the impact of your actions in the future generations to come.
Futures thinking: The future is not related only with better technology but with how will human relationships, moral, art and feelings like compassion will evolve.
Telos thinking: This is an invitation to think having in mind what is the "ultimate aim" of our actions as little of they might be. It is important to raise the question: how this action that I am doing now will impact or change the future in 20,50 or 100 years to come.
<em><u>How does Wallach relate the future to a part of speech?
</u></em>
Wallach make a link between Thomas Khun quote: “People don’t shift unless they have a vision of what it is they’re shifting to.” an Martin Luther King Speech of "I Have a Dream" he says that that speech is successful as it shows what is the vision of what a dream must looks like