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Nezavi [6.7K]
3 years ago
13

The set of business activities that add value to the end product is referred to as __________, in which information flows throug

h functional areas that facilitate an organization's business processes
Business
1 answer:
morpeh [17]3 years ago
5 0

Answer:

<u>Value Chain .</u>

Explanation:

The set of the business activities that add value to the end product is referred as Value Chain.

Value Chains is the a way through which a company can increase its efficiency. Creation of value is the main aim of any business entity.The last aim of value chain is to create a competitive advantage for the company.  

Value is created for the customers , for the shareholders etc. There are two main categories in a value chain analysis they are Primary value activities and support value activities.

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Crawford Corporation incurred the following transactions.
-BARSIC- [3]

Answer:

Crawford Corporation

Journal Entries:

1. Debit Raw materials inventory $53,800

Credit Accounts payable $53,800

To record the purchase of raw materials on account.

2. Debit Work-in-Process $28,000

Debit Manufacturing overhead $8,500

Credit Raw materials inventory $36,500

To record the requisition of materials.

3. Debit Factory Wages $61,900

Credit Factory Wages Payable $50,000

Credit Employer Payroll Taxes Payable $11,900

To record the factory labor costs.

4. Debit Work-in-Process $54,900

Debit Manufacturing overhead $7,000

Credit Factory Wages $61,900

To record the direct and indirect labor costs.

5. Debit Manufacturing overheads $82,300

Credit Accounts payable $82,300

To record overheads incurred on account.

6. Debit Depreciation expense $9,000

Credit Accumulated depreciation -office building $9,000

To record depreciation expense.

7. Debit Work-in-Process $87,840

Credit Manufacturing overheads $87,840

To record overhead applied at the rate of 160% of direct labor cost.

8. Debit Finished Goods Inventory $96,600

Credit Work-in-Process $96,600

To record the transfer of goods to finished goods.

9. Debit Cost of Goods Sold $79,400

Credit Finished Goods Inventory $79,400

To record the cost of goods sold.

9. Debit Accounts Receivable $106,800

Credit Sales Revenue $106,800

To record the sale of goods on account.

Explanation:

Journal entries are used by Crawford Corporation to record its business transactions as they occur daily.  They are the first records of business transactions in the accounting books.  They show the accounts to be debited and the others to be credited.

6 0
3 years ago
The difference between the basic EOQ model and the production order quantity model is that
Svetradugi [14.3K]

Answer:

C. the production order quantity model does not require the assumption of instantaneous delivery.

Explanation:

EOQ refers to Economic Order Quantity method, this method particularly aims at 0 extra inventory in hand and keeping the total inventory in hand which is needed and then there is n assumption that the goods shall be delivered instantly.

Under the production order quantity model the model is made to calculate the quantity to be ordered for meeting the demand of production units.

This aims at the minimum order quantity to be delivered to meet the production needs.

7 0
3 years ago
A check list should be based on past____?
Jet001 [13]
Is there any choices?
6 0
3 years ago
Read 2 more answers
When comparing absorption costing and variable costing, if units produced are units sold, what is the effect on net operating in
11111nata11111 [884]

Answer:

The Net Operating income will be the same for both methods.

Explanation:

Net Operating income under absorption costing and variable costing methods usually differ because of existence of inventory.

Fixed overheads are deferred in Inventory when using absorption costing. Meaning that a higher income is obtained under absorption costing than variable costing when there is inventory and a lower income under absorption costing than variable costing.

When units produced are units sold, there is no inventory. Therefore, the Net Operating income will be the same for both methods.

8 0
3 years ago
Production comprises stage management, production management, show control, house management, and company management.
nexus9112 [7]
The right answer for the question that is being asked and shown above is that: "TRUE." Production comprises stage management, production management, show control, house management, and company management.
5 0
3 years ago
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