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3 years ago

Who is generally responsible for the materials price variance? the materials quantity variance? the labor efficiency variance?

1 answer:

8 0

THE PURCHASING MANAGER is the one who is responsible for the material price variance because he is the one in charge of buying materials that are needed for production at competitive prices. THE PRODUCTION MANAGER AND THE SUPERVISORS are the one who is responsible for the material quantity variance and the labor efficiency variance.

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what is a highly coordinated activity that delivers goods and/or services when they are needed? multiple choice just-in-time pro

Julli [10]

Just-in-time production is a highly coordinated activity that delivers goods or services when they are needed.

Just-in-time management is a philosophy, not a method. If the "customer" is the eventual consumer of the product or a process further along the production line, the term originally referred to the manufacturing of goods to precisely fulfill customer demand in time, quality, and quantity.

By minimising the time and resources needed for production operations, JIT increases productivity. More rapid product production is possible thanks to manufacturers.

This simplified strategy can save costs and boost productivity while things are going as usual, but it is vulnerable to changes in supply and demand. JIT production can make manufacturers unable to meet demand when global supply networks are interrupted for a variety of reasons, deepening an economic downturn.

To know more about just-in-time production refer to the given link:

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1 year ago

Warner Company’s year-end unadjusted trial balance shows accounts receivable of $112,000, allowance for doubtful accounts of $73

Sonbull [250]

Answer:

Debit bad debt expenses with $1,680, and credit Accounts receivable also with $1,680.

Explanation:

Uncollectibles = Accounts receivable × 1.50% = $112,000 × 1.50% = $1,680

The December 31 year-end adjusting entry for uncollectibles will be as follows:

Details Dr ($) Cr ($)

Bad debt expenses 1,680

Accounts receivable 1,680

Being the amount Accounts receivable estimated to be uncollectible

7 0

3 years ago

A leading global vendor of computer software; hardware for computer, mobile and gaming systems; and cloud services. Its corporat

xeze [42]

Answer:

Microsoft

Explanation:

4 0

2 years ago

Match each of the protectionist policies below with an example of government action that fits the definition.

Anna [14]

a. tariff-----------------the government puts a high tax on sugar made in other countries.

A tariff is a tax forced on imported products and ventures. Tariffs are utilized to limit imports by expanding the cost of products and ventures bought from abroad and making them less alluring to buyers.

Tariffs can have unintended symptoms, be that as it may. They can make household ventures less proficient by decreasing rivalry. They can hurt local purchasers, since an absence of rivalry tends to push up costs.

b. quota-----------------the government limits the import of sugar from other countries

A quota is a legislature forced exchange limitation that restricts the number or fiscal estimation of merchandise that a nation can import or fare amid a specific period. Nations utilize quota in universal exchange to help control the volume of exchange amongst them and different nations. Nations here and there force them on particular merchandise to decrease imports and increment residential creation. In principle, amounts support local generation by limiting remote rivalry.

c. subsidy------------the government pays sugar farmers to keep sugar prices low.

A subsidy is an advantage given to an individual, business or foundation, for the most part by the administration. It is as a rule as a money installment or an expense decrease. The subsidy is regularly given to evacuate some kind of weight, and usually thought to be in the general enthusiasm of the general population, given to advance a social decent or a financial arrangement.

5 0

3 years ago

Read 2 more answers

Tony and Suzie see the need for a rugged all-terrain vehicle to transport participants and supplies. They decide to purchase a u

aliina [53]

Answer:

Great Adventures

Journal Entries on July 1, 2022:

Debit Equipment Account with $12,000

Credit Cash Account with $12,000

To record the purchase of a used Suburban.

Debit Vehicle Insurance with $1,800

Credit Cash Account with $1,800

To record payment of one year vehicle insurance.

Debit Equipment Account with $3,000

Credit Cash Account with $3,000

To record the payment for repainting and placing logo.

Debit Equipment Account with $2,000

Credit Cash Account with $2,000

To record deluxe roof rack and trailer hitch on the vehicle.

Maintenance on October 22:

No Journal Entry Required in July.

Explanation:

a) The initial amount spent to purchase the vehicle is capitalized, i.e. recognized in the asset's account (Equipment Account).

b) Vehicle insurance is not capitalized. It is a period cost that should be recognized in the income statement.

c) Repainting and putting logo on the vehicle is capitalized because it adds to the value and brings the vehicle to its use. All expenditure that helps to bring an asset to its use and increases the future value is capitalized.

d) The deluxe roof rack and trailer hitch is also capitalized since they increase the future benefits of the vehicle.

7 0

3 years ago