To solve: add up all in the labor costs and then divide by the number of units produced to get the per unit cost of the labor.
<span>Direct materials = $4,400
Direct labor = $5,600
Factory overhead = $2,400
Units produced = 1,000
Per unit cost = ($4,400 + $5,600 + $2,400)/1,000
Per unit cost = $12,400/1,000
Per unit cost = $12.40</span>
Answer:
A. Conflict of interest
Explanation:
Conflict of interest for an organization or company is a situation whereby the organization has competing interest or loyalties become of their duties to provide more than one service for an individual or organization. This is why the act prohibited accounting firms from doing both consulting services and auditing services for the same clients as there'd be a lot of conflict of interest in doing both.
The company may not be able to make a fair decision if they would be affected by it.
Answer:
The solution to the given problem is provided below.
Explanation:
Cash (1 million shares x 29) 29 mil
Paid- in capital – share repurchase (difference ) 7 mil
Treasury stock (1 million shares x 22 ) 22 mil
Answer:
1. increase securities , increase owners equity
2. Leverage ratio is 5.2
3. A. The return on each asset
Explanation:
1. If the bank owner decide to imcrease assets by buying new securities through additional funds from them, then securities assets increases by $200 and owners equity increases by $ 200 to balance the balance sheet
2. Leverage ratio= total assets divided by owners equity
= 1950/375= 5.2 ( owners equity increases by $200 to make $375)
3. Banks consider return on assets to allocate asset resources because they weigh risk and return and allocate to resources on the basis of greatest optimal risk return combination
Answer:
Just in time (JIT) inventory management system
Explanation:
The JIT inventory management system was developed by Toyota in Japan. JIT tries to decrease production costs by lowering inventory costs and increasing efficiency by reducing wastes.
Some of the main advantages of JIT are:
- Productivity increase
- Waste elimination
- Higher product quality
