Answer:
Allocated MOH= $100,800
Explanation:
<u>First, we need to calculate the predetermined allocation rate for ordering and receiving:</u>
<u></u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Ordering and receiving= 504,000 / (700 + 1,080 + 1,720)
Ordering and receiving= $144 per order
<u>Now, we allocate to product AKM:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 144*700
Allocated MOH= $100,800
Dollar General Corporation operates general merchandise stores that feature quality merchandise at low prices. All stores are located in the United States, predominantly in small towns in 24 midwestern and south eastern states. In the current year, the company reported average inventories of $ 1,668 million and an inventory turnover ratio of 8.0.
Fixed assets turnover ratio = 9.04 Net sales / Avera.
This ratio divides net sales by net fixed assets, calculated over an annual period. The net fixed assets include the amount of property,
Using Fixed Assets turnover ratio, we can find the net sale
Fixed Assets turnover = Net sale/Average fixed assets
$ 2,098 Net sale/1218674000
Net sale is=$ 2,098 × 1218674000
Net Sales is=$ 9.140.055000
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Answer:
Compute the accounts receivable turnover for 2018.
4.29 times
Compute the inventory turnover for 2018
3.6 times
Compute the net margin for 2017.
24.58%
Explanation:
Compute the accounts receivable turnover for 2018.
accounts receivable turnover = Sales / Accounts receivable
= $ 2,400,000 / $ 560,000
= 4.29 times
Compute the inventory turnover for 2018
Inventory turnover = cost of Sales / inventory
= $1,800,000 / $ 500,000
= 3.6 times
Compute the net margin for 2017.
net margin = Net Profit / Sales × 100
= (2,400,000-1,810,000) / 2,400,000 × 100
= 24.58%
Answer:
Lease Plan
1) The trend in gender diversity that appears to be most supported by the outcomes of Lease Plan's program changes is:
Increases in seats on boards of directors—in Fortune 550 firms up to 16.6 percent in 2013 from only 9.6 percent in 1995.
2. Thomas's generic action options for managing diversity that is most illustrated in the case is:
include/exclude
3. Based on the information in the case, the barriers and challenges to managing diversity that were identified in the text that appear to have been present at Lease Plan were:
a. an unsupportive or hostile work environment
b. inaccurate stereotypes
Explanation:
Thomas's include and exclude generic action option emphasizes that more diverse employees should be employed in addition to minority-owned companies being used as vendors. This option makes it possible for embracing and practicing workplace diversity. It creates an open-minded and supportive workplace, encouraging the sharing of information and the integration of behavior to accept and value human differences, thereby overcoming stereotypes.
Answer:
The insurance expense on the annual income statement for the year ended December 31, 2019 will be D. $337.50
Explanation:
The company paid the $1,350 premium on a three-year insurance policy.
The insurance expense per year = $1,350/3 = $450
From April 1, 2019 to December 31, 2019, the company had bought the insurance for 9 months.
The insurance expense on the annual income statement for the year ended December 31, 2019 = $450/12x9 = $337.5
