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1 year ago

if the cost of a direct material is a small portion of total production cost, it may be classified as part of

1 answer:

3 0

If the cost of a direct material is a small portion of total production cost, it may be classified as part of factory Overhead Cost.

What is factory Overhead Cost?

The expenses incurred in the manufacturing process, excluding the costs of direct labor and direct materials, are referred to as factory overhead. Typically, factory overhead is gathered into cost pools and distributed to units produced throughout the time period.

Therefore,

If the cost of a direct material is a small portion of total production cost, it may be classified as part of factory Overhead Cost.

To learn more about factory Overhead Cost from the given link:

brainly.com/question/24084689

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Discuss the rationale of organizing an industrial strike in resolving employee dispute with the state, focusing on the detriment

WINSTONCH [101]

Answe

Explanation:

Discuss the rationale of organizing an industrial strike in resolving employee dispute with the state, focusing on the detrimental effects strikes has on various stakeholders in an economy

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3 years ago

Ronald, Ross, and Carol opened a partnership firm. Ronald has a capital of $77,000; Ross has a capital of $119,000; and Carol

gtnhenbr [62]

Answer:

A. Carol, Capital is debited for $4,500

Explanation:

The question says to determine amount to be included in the journal entry to record Ronald's withdrawal from the partnership

Assumption: Equal Profit- loss sharing is the agreement between the existing partners.

First premise: Ronald's Capital in the Partnership = $77,000

However, Ronald received a payment of $86,000 meaning that there is an excess of $86,000-$77,000= $9,000

Since the agreement is equal profit and loss sharing, it means each of Ross and Carol will contribute 1/2 of the $9,000.

The journal entry to record this transaction is as follows:

Particulars Debit Credit

Carol Capital Account $4,500

Ross Capital Account $4,500

Ronald Capital Account $9,000

Being the equal contribution of excess amount paid to Ronald on exit from the partnership by Carol and Ross.

Based on the multiple choices, the correct answer is Carol, Capital is debited for $4,500

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3 years ago

The Jewel Golf Club Company, which recently began using a kanban system, has had problems with high inventory levels of one of t

AfilCa [17]

Answer:

d. six or seven

Explanation:

Given that:

Daily demand for the grip = 3000 units

average waiting time = 0.20 day

processing time = 0.10 day / container

a container holds = 150 grips

percentage of policy used = 10% = 0.10

The objective of this question is to determine the amount of Kanban containers would Jewel require.

the amount of Kanban containers = Demand ( wasting time + processing time)(1+percentage policy)/ amount of container holding

the amount of Kanban containers = 3000( 0.2 + 0.1) ( 1+ 0.10)/ 150

the amount of Kanban containers = 3000 ( 0.30) (1.10)/150

the amount of Kanban containers = 990/150

the amount of Kanban containers = 6.6

SO we can infer that the amount of Kanban containers would Jewel require if a 10% policy variable is used falls within the range of six or seven.

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3 years ago

Two main reasons a company will market its products are to _____. (Select all that apply)

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Answer:

3. consumers know what is available

Explanation:

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3 years ago

Rather than generating tax revenue as do tariffs, subsidies require tax revenue. Therefore, they are not an effective protective

KatRina [158]

Yes. Subsidies are benefits that the government can grant to institutions, households and businesses to promote economic efficiency and reduce market failures. They may be distributed through cash or by cutting tax rates. However, there is controversy about the effectiveness of using subsidies for the economy, often related to the inefficiency of promoting a free market, allocating resources that could be used for investment in productive resources and masking the results of economic efficiency. Another major concern with the use of subsidies is the formation of political alliances of those who receive them and those who provide them, creating political interests because of their use.

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3 years ago