1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
FinnZ [79.3K]
3 years ago
9

he following accounts are from last year's books of Sharp Manufacturing: Raw Materials Bal 0 (b) 156,000 (a) 169,000 13,000 Work

In Process Bal 0 (f) 518,000 (b) 133,000 (c) 170,000 (e) 215,000 0 Finished Goods Bal 0 (g) 470,000 (f) 518,000 48,000 Manufacturing Overhead (b) 23,000 (e) 215,000 (c) 27,000 (d) 158,000 7,000 Cost of Goods Sold (g) 470,000 Sharp uses job-order costing and applies manufacturing overhead to jobs based on direct labor costs. What is the amount of direct materials used for the year
Business
1 answer:
arlik [135]3 years ago
3 0

Answer:

$133,000

Explanation:

The amount of direct material used for the year is $133,000 plus the direct material used is also debited to work in process. And the $133,000 is come from work in process account in (B)

All other information i.e to be given is not relevant. Hence, ignored it

And, the direct material used is come from

= Opening inventory + purchase of raw material - ending inventory

You might be interested in
Identify the internal control weakness in the following situations. State how the person can hurt the company.
Degger [83]

Answer:

Identification of the Internal Control Weaknesses:

A.  There is no segregation of duties and there is lack of access control.  Jerry Miller as a security guard is not expected to have a master key to the cash box.  With this he can pilfer the cash.  If he prepares the report that shows the number of cars that parked on the lot, he is not supposed to also prepare the day's cash receipts.  Otherwise, he can state any number of cars as parked that he likes, and which corresponds to the cash he might leave in the Cash box since he also has a master key.

B.  There is no segregation of duties and there is lack of supervision,  proper reconciliations, and assets audit.  Sharon Fisher handles purchase transactions from the beginning to the close all alone with a third party.  This exposes the company to procurement frauds and collusion with suppliers.  She can purchase assets for the company at prices that would enrich her personally.

C. Forming an audit opinion on the basis of ratio analysis of last year's comparative financial statements exposes the company to audit risks.  While ratio analysis is part of the basis for forming audit opinions, it is surely not the first audit procedure to obtain audit evidence to support his audit opinion on the financial statements.  An auditor is expected to obtain sufficient audit evidence and perform audit substantive tests of financial statement assertions.  He or she is also expected to review the internal control system to ensure that it is operating effectively after establishing its existence and reviewing changes in internal controls.

Explanation:

Internal Controls are controls established by management in order to help it achieve business goals.  There are many internal controls, including Separation of Duties, Access Controls , Authorization and Approvals, Asset Audits, Reconciliations, and Data Backups.  The purposes of internal controls are to establish the reliability of financial reporting, ensure timely feedback on the achievement of operational or strategic goals, and achieve compliance with financial management laws, and accounting regulations.

4 0
3 years ago
How can a sales user relate an opportunity to a campaign?
jekas [21]

Answer:

Using the campaign influence related list on the opportunity.

Explanation:

By using the campaign influence related list on the opportunity a sales user can relate an opportunity to the campaign. With the help of campaign influence, the person will be allowed to other person campaigns listed on an opportunity. A person must hire a person for a role in the opportunity. A hired person will be an expert in doing so therefore the productivity will also be rise by hiring the expert.

4 0
3 years ago
Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product.
Y_Kistochka [10]
Hi! I don’t know what any of this means but I hope you have an amazing day and I hope god/allah/etc. blesses you :)
sorry I couldn’t answer
4 0
3 years ago
A tax exempt municipality is considering the construction of a new municipal waste water treatment facility. Two different sites
In-s [12.5K]

Answer:

The incremental benefit/cost ratio for Alt A is 2.15 and The incremental benefit/cost ratio for Alt B is 1.35

Explanation:

In order to calculate the incremental benefit/cost ratio for both of the two alternatives we would have to make the following calculations:

For ALT A

PV of benefits = $2,111,404 * [1-(1.06)^-75]/0.06 = $34,744,943.5

Therefore, incremental benefit cost ratio = $34,744,943.5/$16,161,644 = 2.15

The incremental benefit/cost ratio for Alt A is 2.15

For ALT B

incremental benefits = ($3,019,639 -$2,111,404) * [1-(1.06)^-75]/0.06 = $14,945,777.2

incremental benefits = $27,211,376 - $16,161,644 = $11,049,732

Therefore, incremental benefit cost ratio = $14,945,777.2/$11,049,732 = 1.35

The incremental benefit/cost ratio for Alt B is 1.35

5 0
3 years ago
1.List the three steps of the planning phase of the strategic marketing process. Briefly describe the core elements and the purp
anygoal [31]

Answer:

1.List the three steps of the planning phase of the strategic marketing process.

The three sepecifc steps are:

  • Defining target audience - in this step, a segment of the market is chosen as the target for the good or service. (for example, young people, old people, wealthy people, poor people, etc).
  • Setting measurable goals - in this step, a specific sales volume goal is determined.
  • Developing budget - in this step, a detailed budget is developed in order to carry out the strategy that should help the company reach its marketing goal (previous step).

2.Which demographic cohorts are also known as the Millennial and Z Generations?

Millenials: those born between 1981 and 1996. They tend to be progressive, and be interested in social media, internet culture, and technology.

Generation Z: those born between 1996 and and the early 2010s. They are much like millenials but even more so: more progressive, more interested in technology, and in social justice causes.

This information is crucial for marketers because they help complete the first step in the marketing planning process: targeting an audience. The demographic cohorts are in fact, market segments, albeit very broad ones.

3.Explain the actions and considerations that relate to the five stages of the consumer purchase decision process.

Problem or need recognition: in this stage, the customer becomes aware of a need that has not been met.

Information search: the customer looks for a product or service that can meet his needs.

Evaluation of alternatives: the customer chooses among the goods or services that could meet his needs.

Purchase: the customer completes the market transaction: the purchase of the good or service.

Post-purchase behaviour: the customer makes use of the product, or service, and decides whether his need was satisfied or not. ALso decides whether to buy the same good or service in the future or not.

3 0
3 years ago
Other questions:
  • Lionel joined the International Council on Hotel, Restaurant and Institutional Education for career guidance. Which profession i
    5·1 answer
  • If the stock market is semistrong-form efficient, which of the following statements would be CORRECT? a. Even if a market is sem
    8·1 answer
  • Mercantilists wanted a favorable balance of trade, by which they meant a. exports = imports. b. exports > imports. c. exports
    14·1 answer
  • Safefen, a safety assurance and standards association in the country of Eilenst, made it mandatory for all the toy manufacturers
    15·1 answer
  • During 2015, LeBron Corporation accepts the following notes receivable.a. On April 1, LeBron provides services to a customer on
    5·1 answer
  • Harold owns a chain of coffee shops. He hires accountants to summarize the information from his company's business transactions
    7·1 answer
  • The Maybe Pay Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $25,000 per year fo
    12·1 answer
  • The balance in Discount on Bonds PayableGroup of answer choicesshould be reported on the balance sheet as an asset because it ha
    5·1 answer
  • The trial balance of Blues Traveler Corporation does not balance.
    6·1 answer
  • Starbucks just released study Starbucks coffee increases your life span what is the change in demand or quantity demand
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!