Good communication skills are important only for employees such as salespeople who directly with customers.

The following data pertain to the Oneida Restaurant Supply Company for the year just ended. Budgeted sales revenue $ 210,000 Act

trapecia [35]

Answer:

Explanation:

The journal entry is shown below:

1. Under Actual costing:

Work in progress inventory Ac Dr $364,000

To Manufacturing overhead A/c $364,000

(Being manufacturing overhead is added to the work in progress inventory)

2. Under Normal costing,

First we have to compute the predetermined overhead rate which is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated machine hours)

= $336,000 ÷ 20,000 hours

= $16.8

Now we have to find the actual overhead which equal to

= Actual machine hours × predetermined overhead rate

= 11,000 hours × $16.8

= $184,800

Work in progress inventory Ac Dr $184,800

To Manufacturing overhead A/c $184,800

(Being manufacturing overhead is added to the work in progress inventory)

5 0

3 years ago

The standard price and quantity of direct materials are separated because a.GAAP and IFRS reporting requires separation b.standa

geniusboy [140]

Answer:

The correct answer is letter "D": direct materials prices are controlled by the purchasing department and quantity used is controlled by the production department.

Explanation:

Standard price is the estimated price direct materials could have at the moment of ordering a purchase. Standard quantity refers to the forecasted number of units necessary for the production process of the firm. The two of them are separated to allocate each one to the department in charge of their providing accurate measures: standard prices are set by the purchasing department while the standard quantity is estimated by the production department.

The efficiency of standard price and quantity relies on the purchasing and production departments separately.

5 0

3 years ago

What is the economic term used for sustained increase in the price of goods and services? inflation depression recession deflati

MakcuM [25]

Well depression and deflation and recession are when prices go down. So it is not them. Inflation is when the price raises because of supply and demand. So the correct answer is Inflation.

6 0

4 years ago

Read 2 more answers

The given data represent the total compensation for 10 randomly selected CEOs and their company's stock performance in 2009. An

jok3333 [9.3K]

Missing Question Data:

As the Question is missing relevant data, I have searched for it online and found a question similar. The data is attached in a picture file. It might be a little different from your actual question but same approach can be used to solve the question.

Answer with Explanation:

For simplicity, we denote the compensations with variable x and the stock return with variable y. Let us first find the mean and standard deviation for both compensation (x) and return (y).

Mean of Compensation (x) will be,

$X\;=\;\frac{26.43\;+\;12.03\;+\;19.74\;+\;13.54\;+\;11.97\;+\;11.41\;+\;25.94\;+\;14.46\;+\;17.13\;+\;14.71}{10}$

$X\; = \;16.737$

Mean of Stock Return (y) will be,

$Y\;=\;\frac{5.43\;+\;30.89\;+\;31.89\;+\;80.06\;-\;8.22\;+\;2.89\;+\;4.39\;+\;10.95\;+\;4.18\;+\;11.94}{10}$

$Y\;=\;17.44$

Standard Deviation for Compensation (x) is given by,

$\sigma _{x}\;=\;\sqrt{\frac{\sum (x_{i}-X)^{2}}{N}}$

$\sigma _{x}\;=\;\sqrt{\frac{(26.43-16.73)^{2}+(12.03-16.73)^{2}+....+(14.71-16.73)^{2}}{10}}$

$\sigma _{x}\;=\;5.30$

Standard Deviation for Compensation (x) is given by,

$\sigma _{y}\;=\;\sqrt{\frac{\sum (y_{i}-Y)^{2}}{N}}$

$\sigma _{y}\;=\;\sqrt{\frac{(5.43-17.44)^{2}+(30.89-17.44)^{2}+....+(11.94-17.44)^{2}}{10}}$

$\sigma_{y}\;=\;23.97$

To find the predicted stock return, we have to use the equation for of line of regression,

$y_{required}\;-\;Y\;=\;z\;*\;\frac{\sigma _{x}}{\sigma _{y}}\;*\;(x_{required}-X)\;.........\;(1)$

where,

$z\; =\;Correlation\;coefficient\;=\;-0.2426\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;\;(given)$

$x_{required}\;=\;Compensation\;of\;\$15\;million\;=\;15$

$y_{required}\;=\;Stock\;return\;at\;x_{required}$

Equation (1) will become,

$y_{required}\;-\;17.44\;=\;-0.2426\;*\;\frac{5.30}{23.97}\;*\;(15\;-\;16.73)$

$y_{required}\;=\;-0.054*\;(-1.73)\;+\;17.44\;$

$y_{required}\;=\;17.533$ .

4 0

3 years ago

Historically, the best asset for the long-term investor wanting to fend off the threats of inflation and taxes while making his

OlgaM077 [116]

Answer:

Stocks

Explanation:

Stocks also referred or recognized as the equity or the shares, it is defined as the kind or form of the security which signifies the ownership that is proportionate while issuing to corporation or business.

The stock is entitles the stakeholders to the proportion of the assets and the earnings of the corporation, and these investments could be bought from online stock brokers.

So, the best assets for the long term investor in order to fend off the threats of taxes and inflation when making the money to grow is stocks.

5 0

3 years ago