You are using $410 + $510 = $920 out of a possible $1000 + $1000 = $2000
Therefore your credit utilization is
That is, 46%
Answer:
The Raw Materials Inventory would have B : debits equaling $19,000
Explanation:
Raw materials are used in a multitude of products. Raw Materials Inventory is the total costs of all components currently in stock that have not yet been used in finished goods production or work-in-process.
Hawkins Manufacturing purchased $13,000 in metal, $6,000 in cloth, and $2,000 in cleaning supplies, the Raw Materials Inventory includes metal and cloth and increases: $13,000 + $6,000 = $19,000
The Raw Materials Inventory would have debits equaling $19,000
The two vital ongoing activities necessary for creating boundaryless organisations are TYPE OF STRUCTURE, MECHANISMS, PROCESSES AND TECHNIQUES FOR ENHANCING PERMEABILITY.
A bourndaryless organisation is a concept in organization design. A boundaryless organisation refers to an organisation which is not define by or limited to the vertical, horizontal and the external boundaries which are imposed by pre defined structures.<span />
Answer:
Total cost assigned to Job XY5:
Direct material cost 4,000
Direct labour cost (50 hrs x $15 x 50 units) 37,500
Overhead applied (50 hrs x $4 x 50 units) 10,000
Total cost of the job 51,500
Overhead absorption rate
= <u>Budgeted overhead</u>
Budgeted direct labour hours
=<u> $80,000</u>
20,000 hrs
= $4 per direct labour hour
Explanation:
The total cost of the job is the aggregate of direct material cost, direct labour cost and overhead. Overhead is absorbed based on direct labour hours. We need to calculate overhead absorption rate by dividing the budgeted overhead by budgeted direct labour hours. The overhead absorption rate is used to multiply the direct labour hours of the job in order to obtain the overhead applied to the job.
Answer:
(A) The standard price per pound of this material is $87.11
(B) The standard pounds of this material per unit of product A is 1.01 pounds
Explanation:
According to the given data, in order to calculate the standard price per pound of this material, we would have to use the following formula:
Standard Price per pound of this material=Purchase Price Per Pound + Shipping Cost per pound
+Receiving Cost
=$80.00+$6.66+$0.45
=$87.11
In order to calculate the standard pounds of this material per unit of product A, we would have to use the following formula:
Standard pounds of this material per unit of Product A=Pounds of material required by Product A
+Allowance for waste and spoilage
=0.96+0.05
=1.01 pounds
