Given that <span>Java Jane's first coffeehouse was very successful due to the unique flavors,
on-site baked goods, and inviting ambiance. the owner, jane phillips,
decided to franchise her operation when she was approached by several
interested investors.
The type of marketing system Java Jane's has
most likely adopted is </span><span>a contractual marketing system.</span>
Answer:
deciding not to buy a car
Answer: See explanation
Explanation:
a. Calculate the predetermined overhead rate Overhead Rate per hour
Predetermined Overhead rate will be the estimated total manufacturing overhead divided by the estimated total direct labor hours. This will be:
= $ 921,600/51,200
= $ 18
(b) Calculate how much manufacturing overhead will be applied to production
Manufacturing overhead that'll be applied to production will be the predetermined overhead rate multiplied by the actual total direct labor hours. This will be:
= $ 18 × 48,900 direct labor hours
= $ 880,200
(c) Is overhead over- or underapplied? By how much?
The Actual Overhead Incurred = $902,900 while the manufacturing overhead applied = $880,200. This shows that overhead is underapplied due to the fact that manufacturing overhead applied is less than the actual overhead that is incurred.
Therefore, the amount of overhead that was underapplied will be:
= $ 902,900 - $ 880,200
= $ 22,700
(d) What account should be adjusted for over-or underapplied overhead? Should the balance be increased or decreased?
Based on the scenario in the question and the answers calculated, the cost of goods sold should be increased.
Answer:
The correct answer is B,C,D,E
Explanation:
The basic activities of marketing consists of the following;
Marketing research and target market analysis, cost/benefit analysis, benchmarking - a process of measuring a business's performance and standard against competitors and rivals and thus conducive to winning in the marketplace, and Pricing, distribution, and human resource management (HRM).
Customer analysis, selling products and services, and product and service planning are also basic activities of marketing.
Answer:
a. Value of Ending inventory $ 22025
b. Profit= $ 10429
c. Amount Remitted to the Consignor $32454
Explanation:
Windsor Company
Goods Sent on Consignment 90 * $ 480= $ 43,200
Shipping Charges $ 850
Total $44050
Cost of One Freezer = $ 44050/ 90= $ 489.44
Cost of 45 Freezers= $22025
The ending inventory value is calculated by multiplying the unit costs with the units at hand.
a. Value of Ending inventory at the Hands of the Consignee = Units* Cost Price = 45 * $ 489.44= $ 22025
Sales by the Consignee 45* $ 780= $ 35100
b. Profit= Sales - (Cost + Expenses) = $ 35100- ($22025 + $2646)
= $ 10429
Profit is calculated by subtracting all the expenses and the cost from the sales
Installation Charges $330
Advertisement Costs $ 210
Commission (6% of 35100)= $2106
Total Expenses $2646
c. Amount Remitted to the Consignor = Sales - Expenses= ( $ 35100- $2646 )= $32454
