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1 year ago

Which control standard is stated most effectively?

1 answer:

3 0

The control standard that is stated most effectively is: Increase sales of our top-end product from 2000 in the first quarter to 3000 during the same period by 2024.

<h3>What is meant by the term control standard?</h3>

This is the term that is used to refer to all of the set standards in an organization that has the ability of taking care of several measures as well as their control and all forms of corrective measures.

It helps in the comparison of the subsequent performance with the performance that used to exist.

Hence we would say that the answer is Increase sales of our top-end product from 2000 in the first quarter to 3000 during the same period by 2024.

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You must prepare a return on investment analysis for the regional manager of Fast & Great Burgers. This growing chain is try

Ivahew [28]

Answer:

14% and 22%

Explanation:

The formula to compute the return on investment is shown below:

Return on investment = Net income ÷ Investment

The preparation of the return on investment analysis is shown below:

Fast & Great Burgers

Return on investment analysis

Numerator ÷ Denominator = Return on investment

Location A $70,000 ÷ $500,000 = 14%

Location B $44,000 ÷ $200,000 = 22%

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3 years ago

During the current month, a company that uses job order costing incurred a monthly factory payroll of $180,000. Of this amount,

shutvik [7]

Answer:

Work in Process (Dr.) $140,000

Manufacturing overhead (Dr.) 40,000

Payroll / Salaries Payable $180,000

Explanation:

Job order costing is a costing method used by the managerial accountants when the company produces different products and these products are not identical in-nature. An alternative to this method is Process costing which is used when a company produces homogenous products. In this case, the company has adopted job order costing because its products can be hetrogenous in-nature. Moreover, the company has incurred a Payroll cost of $180,000. $40,000 out of this amount is classified as indirect labor because the company is not able to trace it to a particular job and it will be treated as manufacturing overhead. This amount could have been paid to supervisors of factory or maintenance workers. The remaining amount of $140,000 is classified as direct labor because the management is in a better position to trace it to a particular job. This amount directly goes to Work-in-Process account.

You might have noticed that the indirect cost is kept in Manufacturing overhead account, whereas the direct labor cost is charged to Work-in-process account. This is because that at the start of a period, the management estimates the amount of manufacturing overhead (Indirect costs) and charge it to the work-in-process account. As the period goes on, the indirect costs are recorded in manufacturing overhead account when incurred, and at the end of period we compare the Actual manufacturing overhead with the expected (charged to Work-in-process) and make adjustments.

Thanks!

5 0

3 years ago

Read 2 more answers

All of the following should be considered in a make or buy decision except:_______.a. cost savingsb. quality issues with the sup

Cerrena [4.2K]

Answer:

D. the supplier will make a profit that would no longer belong to the business

Explanation:

A make or buy decision can be defined as a strategic approach pertaining to making the choice to either produce (manufacture) a product in-house (internally) or purchasing the product from an external supplier. Thus, the make component typically deals with producing the product internally while the buy component strictly has to do with outsourcing or purchasing from an external supplier.

Some of the factors to be considered in a make or buy decision are;

I. Cost savings.

II. Quality issues with the supplier.

III. Future growth in the plant and other production opportunities.

Hence, all of the aforementioned should be considered in a make or buy decision except whether the supplier will make a profit that would no longer belong to the business.

3 0

3 years ago

Porter Incorporated issued $210,000 of 6 percent, 10-year, callable bonds on January 1, Year 1. The bonds were issued at their f

pshichka [43]

Answer:

Jan. 1

Dr Cash $210,000

Cr Bonds Payable $210,000

Dec. 31

Dr Loss on Bond Redemption $4,200

Bonds Payable $210,000

Cr Cash $214,200

Explanation:

Porter Incorporated Journal entries

Jan. 1

Dr Cash $210,000

Cr Bonds Payable $210,000

Dec. 31

Dr Loss on Bond Redemption $4,200

Bonds Payable $210,000

Cr Cash $214,200

(102%×$210,000=$214,200)

7 0

4 years ago

Tom and Lynda also inform you that the monthly individual membership fee is $100and that the monthly family membership fee is $1

shepuryov [24]

Answer:

Net Cash $2,170

Explanation:

Cash Budget for September:

Beginning Balance $6,000

Individual membership fee revenue $1,350

Family membership fee revenue $720

Less:Variable Cost Individual ($25 * 15) $375

Less:Variable Cost Family ($25 * 5) $125

Less:Purchase of Machine $20,000

Less:Fixed cost $41,000

Net Cash $2,170

Individual membership fee revenue

$100 * 90% * 180 = 16,200 per year

16,200 / 12 = 1,350 per month.

Memberships per month = 180/12 = 15

Family membership fee revenue

$160 * 90% * 60 = 8,640 per year

8,640 / 12 = 720 per month.

Memberships per month = 60/12 = 5

5 0

3 years ago