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MAXImum [283]
3 years ago
11

Ruben Delgado was making wooden pens and pencils, which had unique engravings, as a hobby until Simon Yoder recognized Ruben's t

alent. Simon immediately ordered 250 pens and pencils of various styles to be displayed in his shop's showcase. Within three months, the wooden pencils were a hit with all students! Ruben Delgado had never thought of marketing his talent, but Simon's enthusiasm and the recent sales were enough to change his mind. With limited resources, Ruben contacted three additional specialty shops within 100 miles that were situated near schools. He explained his manufacturing processes and engraving options to each. All three shop owners placed a trial order. Within two months, just prior to the holiday season, each shop owner placed an additional order. Ruben was ecstatic! "I figured business would slow down after that," Ruben stated, "but in February I was contacted by Elmore Distributors. At that point, I had to make a huge decision about how far I wanted to go with this business." Elmore Distributors provides products for school fundraisers in a seven-state area. Ruben was offered a two-year contract and immediate inclusion in Elmore’s promotional flyer. Ruben Delgado accepted the offer and, along with it, the responsibility to produce thousands of wooden pens and pencils. "I had to get a grip on the magnitude of this project," Ruben added. He decided to place his major focus on the large contract with Elmore. However, to avoid placing his total emphasis with one customer, Ruben continued nurturing his four previously established accounts without targeting any additional customers. "At this point, I had set up an assembly line in a rented building," Ruben explained. "I had to hire three full-time employees to work the line while I managed the customer orders and purchased materials." Ruben paused, "But I can’t take the Elmore project for granted. It might not always be there. I’ll have to have a good alternate plan if that day comes." In the scenario, Ruben has segmented his market based on ________. A) geography B) benefits sought C) occasion D) degree of loyalty E) demographics
Business
2 answers:
DedPeter [7]3 years ago
8 0

Answer: the answer is E) Demographics

Explanation:

shusha [124]3 years ago
5 0

Answer:

E demographics

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A ground-dwelling plant grows along a chain-link fence
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Answer: Very instresting?

Explanation:

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Safety representatives in each of the six plants of a manufacturing company need to regularly communicate the number and type of
Helga [31]

Answer:

a. an effective use of lean media.

Explanation:

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3 0
3 years ago
How do entrepreneurs contribute to nation economically
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3 0
4 years ago
Bentley Enterprises uses process costing to control costs in the manufacture of Dust Sensors for the mining industry. The follow
Komok [63]

Answer:

$146,443.80

Explanation:

Step 1 : Equivalent Units of Production

<em>FIFO method is interested with Units worked on during the Production Period. Therefore make sure you begin by finishing Opening Work in Process Units</em>.

1. Materials

To Finish Work in Process Inventory (16,300 x 40%)      6,520

Started and Completed (100,600 - 16,300) x 100 %      84,300

Ending Inventory (24,600 x 90%)                                    22,140

Equivalent units of Production                                        112,960

2. Conversion Cost

To Finish Work in Process Inventory (16,300 x 80%)     13,040

Started and Completed (100,600 - 16,300) x 100 %      84,300

Ending Inventory (24,600 x 40%)                                      9,840

Equivalent units of Production                                        107,180

Step 2 : Cost per equivalent unit

<em>FIFO method is only interested in Costs incurred during the Production Period, therefore Cost in Beginning Inventory must be ignored as these were accounted for in previous year.</em>

Cost per equivalent unit = Total Cost ÷ Total Equivalent Units

Materials = $470,970 ÷ 112,960 = $4.17

Conversion Costs = ($190,740 + $399,080) ÷ 107,180 = $5.50

Step 3 :  Cost in the ending Work-in-Process Inventory

Work-in-Process Inventory = Material Cost + Conversion Cost

                                             = 22,140 x $4.17 + 9,840 x $5.50

                                             = $146,443.80

Conclusion :

The total costs in the ending Work-in-Process Inventory assuming Bentley uses first-in, first-out (FIFO) process costing is $146,443.80

6 0
3 years ago
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