Answer:
The correct answer is D.
Explanation:
Giving the following information:
Chef City projects sales of 625 10-inch skillets per month. The production costs are $5 per skillet for direct materials, $2 per skillet for direct labor, and $3 per skillet for manufacturing overhead. Chef City has 60 10-inch skillets in inventory at the beginning of July but wants to have an ending inventory equal to 25% of the next month's sales. Selling and administrative expenses for this product line are $1,000 per month. Chef City is budgeted to produce 721 skillets in July with a $10 production cost per skillet.
COGS= units sold* manufacturing cost
COGS= 625*10= 6,250
Answer:
decision rights, rewards, and evaluation systems.
Explanation:
The aspects the decision firm looked into looked are decision rights, rewards, and evaluation systems.
1. Decision rights:
The person who makes all the relevant decisions should have all informations available. People with relevant information should be made to take key decisions. This would increase the possibility of the organization being in the right
direction.
2. Rewarding: this is rewarding those individuals who make the right decisions. Employees who have decision making rights should be rewarded with incentives when they make the right decisions.
3. Evaluation systems: These should be put in place to check the performance of individuals and business units.
His net pay is $328.16.
The first step is to calculate Jerome’s salary.
Regular time - 40 x $7.80 = $312
Overtime - 5 x $7.80 x 1.5 = $58.50
Total Salary = $312 + 58.50 = $370.50
The next step is to calculate the deductions:
Social security = 370.50 x .062 = $22.97
Medicare = 370.50 x .0145 = $5.37
Federal Income Tax = $14
Total Deductions = 22.97 + 5.37 + 14 = $42.34
$370.50 - $42.34 = $328.16
The correct answer would have to be true :)
Answer: Accounts Payable
Explanation:
The General Ledger has a record of all the financial transactions that take place in the company. It therefore has an Accounts Payable account that records payables that the company has incurred.
The firm will also have an Accounts Payable Ledger that will also record the payables that the firm has incurred. When the entries have been made in this ledger and also in the General Ledger, the balances should be equal to reflect proper record keeping.
If the balances are not equal then an accounting error has been made that needs to be found and rectified.
