Answer:
debit Supplies Expense; credit Supplies
Explanation:
Create your journal entry to adjust the account balance. Debit the supplies expense account for the cost of the supplies used. Balance the entry by crediting your supplies account.
Answer:
$29.00
Explanation:
Direct labor time standard consists of basic time plus allowance for breaks, downtime and rejections.
The direct labor standard cost per hour will be a combination of all factors relating to labor:
Carpenters' wages are $20.00 per hour.
Payroll costs are .............$3.00 per hour,
and benefits are .............$6.00 per hour.
Standard labor cost IS..$29.00 per hour.
Answer:
Cost of land = $1,005,000
Cost of building = $4,275,000
Explanation:
The calculation of cost of the land and new building is shown below:-
Cost of land = Purchase cost + Demolition of old building + Legal fees for title investigation and purchase contract - Salvaged materials
= $960,000 + $ 60,000 + 15,000 - $30,000
= $1,005,000
Cost of building = Architects Fees + Construction costs
= $105,000 + $4,170,000
= $4,275,000
Answer:
the contribution margin per unit for part A is $1,479,000
Explanation:
The computation of the contribution margin for part A is shown below:
Contribution margin per unit is
= $950 - $600 - $95
= $255
Now for contribution margin per unit for part A is
= 5,800 units × $255
= $1,479,000
Hence, the contribution margin per unit for part A is $1,479,000
<span>Input is the object, the material, the information, land, equipment, money, knowledge we fed into a process.
Output is the created product (good or service) </span>that provide added value<span> to customers.</span><span> And the process that makes conversion from the input into the output is the o</span><span>perations management.
In our case the final product is operating a summer band camp. The input are materials, buildings (where the camp will be located), hiring staff, but also non-material things -advertising for example. The conversion is rebuilding, interviewing staff.. and the output is opened summer band camp, satisfied customers and hired staff . </span>
