The department responsible for buying raw materials for a manufacturing would probably be categorized as a cost center.
<h3>What is the production of raw materials?</h3>
- Manufacturing is the process of converting raw materials or component components into completed products using tools, labor, machinery, and chemical processing.
- Manufacturing enables companies to sell completed goods for more money than they paid for the raw materials.
- Raw materials are used by manufacturers to create finished goods, which are then sent either directly to the merchant or, less frequently, to the consumer.
- A manufacturer is defined as a company or person that creates items.
- An example of a manufacturer of sneakers is the business that creates a certain brand of shoes.
Therefore the correct answer is A. cost center.
The complete question is :
A manufacturer's raw-material purchasing department would likely be classified as a:
A. cost center.
B. revenue center.
C. profit center.
D. investment center.
To learn more raw-material, refer to:
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Answer:
A decrease in the price of tennis balls will result in an increase in the demand for tennis rackets.
Explanation:
From the question, we are informed about how Tennis balls and tennis rackets are commonly used together. In this case, a decrease in the price of tennis rackets will result in an increase in the demand for tennis rackets. This is because both Tennis balls and tennis rackets are reffered to as "substitute goods" in economics. Substitute goods are goods/product that can serve the same purpose to the consumer,
Whenever, there is an increase in the price of one substitute good, then there will be an increase in demand for the other substitute goods.
Answer:
Estimated manufacturing overhead rate= $1.2 per direct labor dollar
Explanation:
<u>First, we need to determine the allocated overhead:</u>
Allocated overhead= 3,000 - 800 - 1,000
Allocated overhead= $1,200
<u>Now, by using the following formula we can calculate the predetermined overhead rate:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
1,200 = Estimated manufacturing overhead rate*1,000
1,200 / 1,000= Estimated manufacturing overhead rate
Estimated manufacturing overhead rate= $1.2 per direct labor dollar
Answer:
New Bond Price = $875.6574005 rounded off to $875.66
Explanation:
To calculate the price of the bond today, we will use the formula for the price of the bond. We assume that the interest rate provided is stated in annual terms. As the bond is an annual bond, the coupon payment, number of periods and annual YTM or interest rate will be,
<u>For 3 year bond:</u>
Coupon Payment (C) = 1000 * 0.05 = $50
Total periods (n) = 3
r or YTM = 0.10 or 10%
The formula to calculate the price of the bonds today is attached.
Bond Price = 50 * [( 1 - (1+0.1)^-3) / 0.1] + 1000 / (1+0.10)^3
Bond Price = $875.6574005 rounded off to $875.66
Hey there,
Your question is stating: Each of the following items is accurately defined under FICA as taxable wages except: <span>value of meals furnished employees for the employer's convenience.
Hope this helps.
~Jurgen</span>