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Crank
4 years ago
14

H.J. Heinz Company uses standards to control its materials costs. Assume that a batch of ketchup (7,650 pounds) has the followin

g standards:
Standard Quantity Standard Price
Whole tomatoes 5,000 lbs. $0.75 per lb.
Vinegar 350 gal. 0.90 per gal.
Corn syrup 40 gal. 7.50 per gal.
Salt 125 lbs. 1.80 per lb.

The actual materials in a batch may vary from the standard due to tomato characteristics. Assume that the actual quantities of materials for batch 08-99 were as follows:

4,900 lbs. of tomatoes
375 gal. of vinegar
36 gal. of corn syrup
140 lbs. of salt

Determine the standard unit materials cost per pound for a standard batch.
Business
1 answer:
zysi [14]4 years ago
8 0

Answer:

$0.6 per pounds

Explanation:

The computation of the standard unit materials cost per pound is shown below:-

Whole Tomatoes = 5,000 × $0.75

= $3,750

Vinegar = 350 × 0.90

= $315

Corn syrup = 40 × 7.50

= $300

Salt  = 125 × 1.80

= $225

Total cost = Whole Tomatoes + Vinegar + Corn syrup + Salt

= $3750 + $315 + $300 + $225

= $4,590

Standard Unit Materials cost per pound = Total cost ÷ ketchup pounds

= $4,590 ÷ 7,650 pounds

= $0.6 per pounds

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kolbaska11 [484]

Answer:

In the context of managerial roles, Glenn illustrates the role of;

B) The resource allocator role

Explanation:

Managerial roles are specific traits that are required to complete a managerial effectively. Managers have to adopt some of these roles depending on the task at hand. The managerial task can involve; strategizing, planning, organizing, controlling and leading. In every role, there is also the aspect of decision making. Mangers have to make decisions at one point or the other. Decision making is the act of choosing from set of alternatives which involves the identification of a problem and the formulation of alternative solutions. The manager then needs to make a decision by taking the best solution among the alternatives. There are various managerial roles that managers use, however we will consider the resource allocator role as shown below;

Resource allocator role

This roles comprises the decision on designation of company resources like financial, human and organizational resources. In the case of Glenn he utilizes the resource allocator role to designate the number of human resources needed on each floor. For example he determines the number of employees on the floor among the men's, women's, and kids' sections of the store.

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4 years ago
What are five groups of people to whom business communication might write letters of appreciation?
34kurt

Answer:

expressing thanks for a gift, sending thanks for a favor, extending thanks for hospitality, and recognizing employees for their contribution, to answer a congratulatory note.

7 0
4 years ago
None of the following will increase basis for depreciation EXCEPT: Assessments for local improvements, such as sewers and sidewa
a_sh-v [17]

Explanation:

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4 0
2 years ago
Describe the five factors that may limit how fast a project can be completed. Give an example of each.
crimeas [40]

Answer:

Logical order, activity duration, resource availability, imposed dates, and cash flow are the five factors that may slow down the completion of a project.

Explanation:

  1. The order in which activities should be completed is known as logical order. You wouldn't put down new carpet before removing the old one. As a result, the logical order is for the predecessor activity to come first, followed by the successor activity.
  2. The total number of work periods required to complete a scheduled activity (excluding holidays and other nonwork periods) is known as activity duration. By identifying the right people for the job and discussing the time frame of each activity with them, you can figure out how long each activity should take.
  3. The availability of resources, such as workers, to complete a project is referred to as resource availability. Obtaining commitments for equipment and workers in a project prevents days of no work from occurring. It is necessary to stick to a strict schedule.
  4. Imposed dates are deadlines for completing specific parts of a project. Perhaps your permit is only valid for 30 days. If this is the case, you must complete your project within the specified time frame. This date was not chosen; it was imposed by the permit.
  5. The term "cash flow" refers to the money that comes in from the financial backer as well as the money that goes out to the employees and subcontractors. If there is a cash flow problem on either end of the transaction, it can affect the entire project. Workers will not continue to work if they are not paid on time, and a project may be abandoned.

Source:

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8 0
3 years ago
Kenton and Denton Universities offer executive training courses to corporate clients. Kenton pays its instructors $6,100 per cou
yarga [219]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Kenton:

Instructors= $6,100

Denton:

Instructors= $305 per student

A) Sellin price= $347

Kenton:

Sales= 347*20= 6,940

Fixed costs= (6,100)

Net operating income= 840

Denton:

Sales= 6,940

Variable costs= 20*305= (6,100)

Net operating income= 840

B) Sellin price= $227

Kenton:

Sales= 227*40= 9,080

Fixed costs= (6,100)

Net operating income= 2,980

C) Sellin price= $227

Denton:

Sales= 9,080

Variable costs= 40*305= (12,200)

Net operating income= (3,120)

D) Sellin price= $347

Kenton:

Sales= 347*13= 4,511

Fixed costs= (6,100)

Net operating income= (1,589)

Denton:

Sales= 4,511

Variable costs= 13*305= (3,965)

Net operating income= 546

7 0
3 years ago
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