Answer:
Journal 1
Direct Materials $49750 (Debit), Indirect Materials $3700,(Debit) Direct labor $ 51000 (Debit), Indirect labor $ 2500 ( Debit), Manufacturing Overhead Account $106960 (Credit)
Journal 2
Manufacturing Overhead Account $106960 (Debit), Accounts Payable $106960
Explanation:
Journal 1
Materials and Labor (both direct and indirect) resource acquired shows an accumulation of resources needed for manufacturing process.
Therefore these resources are being recorded in their respective accounts and transferred to manufacturing overhead account.
Journal 2
Both materials and Labor acquired for manufacturing process are still owing.The journal represent a present obligations in settlement of the Manufacturing overhead (Both for Materials and Labor)
Answer:
The manufacturer will have a c. Loss
Explanation:
The break-even point is the level of production at which the costs of production equal the revenues for a product and calculated by using following formula:
Break-even point in units = Fixed cost/(Selling price per unit-Variable cost per unit) = $50,000/($16-$7) = $50,000/$9 = 5.556 units (rounding)
The manufacturer produces and sells 3,000 units per month < Break-even point in units. Therefore, the manufacturer will have a loss
The type of supply-chain strategy uses by Hope Spring to fills orders as they come in from inventory is called the pull supply-chain strategy.
The pull supply strategy is a manufacturing strategy that is influenced by consumer's demand because the demand are used to decide the level of procurement, production and distribution of product.
This strategy is very effective to prevent against wastage or over-production since the level of demand for the product determine the level of producing such product.
Therefore, in conclusion, the example of this is known as Pull supply-chain strategy.
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Answer:
option (c) $500
Explanation:
Data provided in the question:
Demand, D = 500 vats of fertilizers
Cost, C = $1
Ordering costs for a new order, F = $250
Now,
Economic Order Quantity = 
on substituting the respective values, we get
Economic Order Quantity = 
or
Economic Order Quantity = √250,000
or
Economic Order Quantity = 500
Cost of Economic Order Quantity = 500 × $1 = $500
Hence,
the answer is option (c) $500
Answer: entrepreneur; self disciplined
Explanation:
1. Given Pepe's willingness to accept the risks of opening and running Pepe's Pizzazzeria, he is clearly an example of an entrepreneur.
An entrepreneur is one who goes into a business despite knowing that there'll be risk along the way and uses the resources available to achieve his aim.
2. Pepe remains confident and enthusiastic even though his colleagues have poked fun at his ideas. This shows that Pepe is self disciplined. He knows what he wants and won't let any negative comments from anyone affect him.
