Answer:
a. 6.72 minutes
Explanation:
There is total weekly demand for 1000 boxes. The production is assumed to be same as the weekly demand. The factory workers have two shifts for 5 days. The total hours which factory workers work every week is :
5 days * 7.5 hours * 2 shifts = 75 hours per week
1000 / 75 hours = 13.33
13.33 / 2 = 6.72 minutes
Answer:
A is the correct option
Explanation:
Revenue or income is recognized based on accrual concept of accounting where revenue or income is recognized when earned and expenses when incurred not when received or paid in cash.
As a result,on the 31st December Clarion Corp. has earned two months' interest on the 6-month certificate of deposit as it has invested for two months.
The correct option is A,Clarion recognizes interest revenue on 31st December ,2015 only.
It is also important to note that the since 2015 came to end the fraction of interest revenue relating to year 2015 needs to be recognized by debiting accrued income account and crediting investment on the face of the income statement
Answer:
a. $6,763.40
Explanation:
The computation of the selling price is shown below:
But before that the predetermined overhead rate is
For machining
= ($102000 ÷ 17,000) + $1.70
= $7.7 per machine hour
For fabrication
= ($61200 ÷ 6000) + $4.10
= $14.30 per labour hour
Now the selling price is
Direct material ($720 + $380) $1,100
Direct labor ($900 + $1,500) $2,400
Machining department overhead (7.7 × 80) $616
Fabrication department overhead (50 × 14.3) $715
Total manufacturing cost $4,831
Markup 40% $1,932.40
Selling price $6,763.40
To identify and define marketing opportunities and problems
Answer: Federal reserve system is basically an independent agency.
Explanation: The Federal reserve system is the bank that functions as the central bank of the USA. It is an organization that oversees most of the economic activities of the nation, supervises the banks in the country, and help to reduce effects of financial crisis.
The federal reserve system is mainly an independent body, with it's own president and other leadership positions but it is answerable to the Congress of the USA.
