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3 years ago

What do you think would be the greatest challenge in maintaining a Job-Order Costing system for a manufacturing company?

Business

1 answer:

MA_775_DIABLO [31]3 years ago

3 0

Answer:

To calculate the predetermine overhead rate

Explanation:

As we know that

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours or estimated machine hours)

Plus if we talk about the manufacturing overhead, it is an indirect cost which could not be easy to trace the cost to a specific job or task

And the fixed cost would remain unchanged although the number of production units changes and the average cost per unit also changes due to changes in the production level

These reasons could be the greatest challenge.

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It costs Glenwood, Inc. $82 per unit to manufacture 1,000 units per month of a product that it can sell for $122 each. Alternati

mixas84 [53]

<h2>Answer:</h2><h2>The profit would increase by $ 4000 if complex product was produced.</h2>

Explanation:

Total number of units to be manufactured = 1000

(i) The cost price of 1 unit = $ 82

The cost price of 1000 units = 82 * 1000 = $ 82000

Selling price of 1 unit = $ 122

The selling price of 1000 units = 122 * 1000 = $ 122000

Profit earned = 122000 - 82000 = $ 40000

(ii)To produce a complex product,

The cost price of 1 unit = $ 82 + $ 36 = $ 118

The cost price of 1000 units = 118 * 1000 = $ 118000

Selling price of 1 unit = $ 162

The selling price of 1000 units = 162 * 1000 = $ 162000

Profiy earned = 162000 - 118000 = $ 44000

Therefore, the profit would increase by $ 4000 if complex product was produced.

5 0

4 years ago

An employer instituted a wellness program for all employees. The wellness program includes an exercise facility and several pay

Airida [17]

Answer:

Option "B" is the correct answer to the following statement.

Enlightened Self-interest School.

Explanation:

Enlightened self-interest is an ethical principle which states that individuals who act to promote the interests of everyone else, or the interests of the group or groups to something that they belong, inherently act in their interests.

Employee wellness programs are plans, about health insurance, a form of medical benefit that many workers provide – in one sort or the other.

Defining a wellness program is a system to help employees remain healthy, or helps them improve their quality of life in some cases.

8 0

3 years ago

If there's upward pressure on price how does this affect the supply side of the market?

taurus [48]

If there's upward pressure on price, there would be an increase in the quantity supplied.

<h3>What the relationship between price and the quantity supplied?</h3>

There is a positive relationship between price and the quantity supplied. When there is an increase in price, the quantity supplied increases all things being equal.

The positive relationship between price and the quantity supplied is a result of the desires to earn more profit. So when price increases, in order to earn higher income, producers would increase the quantity supplied. This postulation is in line with the law of supply.

To learn more about the law of supply, please check: brainly.com/question/26374465

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6 0

2 years ago

It is necessary for all economic systems to provide people with goods and services and also restrict them from getting as much o

solong [7]

Answer:

The correct answer is: reduce; not as highly valued as others.

Explanation:

All the economic systems must provide people with the goods and services that they want and need. But it is also necessary to limit them from getting as much as they wish.

This is because providing as many goods and services as they want may lead to a reduction in efficiency. Economic efficiency is achieved when resources are allocated in such a way that there is no wastage and resources are allocated to most valued use.

If the economic systems do not restrict the production of goods and services as much as they want it may lead to the production of those goods and services that are not as highly valued as others. This will cause wastage of resources, thus reducing the economic efficiency of the system.

8 0

3 years ago

a buyer's willingness to pay for a good plus the price of the good. the amount by which the quantity supplied of a good exceeds

White raven [17]

Answer:

A buyer's willingness to pay for a good plus the price of the good means the buyer is indifferent between buying the good and not buying it.

Surplus is the amount by which the quantity supplied of a good exceeds the quantity demanded of the good.

Producer surplus is the amount a buyer is willing to pay for a good minus the cost of producing the good.

Consumer surplus is the amount a buyer is willing to pay for a good minus the amount the buyer actually pays for it.

6 0

3 years ago