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3 years ago

According to lawrence and lorsch, the stability of an organization's environment determine(s) the degree of ____.

1 answer:

8 0

According to Lawrence and Lorsch, the stability of an organization's environment determine(s) the degree of differentiation or integration that is necessary.

Lawrence and Lorsch developed the contingency theory which involves organizations and changes in the environment. They watch how organizations change and perform based on what is changing around them and then how they adapt to the change.
For them, differentiation is defined as organization systems breaking into smaller subsystems. Integration is defined as how well the subsystems work together to complete the overall task of the organization.

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Adjusting Entries Journalize the adjusting entry needed at December 31 for each situation. Record debits first, then credits. Ch

vladimir2022 [97]

Answer:

Date Accounts Titles Debit Credit

Dec-31 Salaries expense $2,300

Salaries payable $2,300

Dec-31 Depreciation expense $200

(Furniture )

Accumulated depreciation $200

(Furniture)

Dec-31 Insurance expense $450

Prepaid Insurance $450

Dec-31 Supplies expense $80

Supplies $80

7 0

3 years ago

You are offered a chance to buy an asset for $4,500 that is expected to produce cash flows of $750 at the end of Year 1, $1,000

zzz [600]

Answer:

a. 22.64%

Explanation:

At first we are going to need to compute the Internal rate of return(IRR) (in which the current value of inflows = the current value of outflows)

Let's let the IRR be x percent

Therefore $4,500 = $750 / (1.0x)

+ $1,000 / (1.0x) power 2 + $850 / (1.0x) power 3 

+ $6,250 / (1.0x) power 4

Thus, x = approximate return rate = 22.64 percent

6 0

3 years ago

Number of Employees 20 Average Salary per employee $ 30,000 Weeks per year 52 Minutes available per week 2,400 Practical capacit

stich3 [128]

Answer:

1,996,800 minutes

Explanation:

Calculation for what is the practical capacity of resources supplied in minutes

Practical capacity of resources supplied =52 weeks × 2,400 minutes per week× 80% × 20 employees

Practical capacity of resources supplied= 1,996,800 minutes

Therefore the practical capacity of resources supplied in minutes is 1,996,800 minutes

7 0

3 years ago

"The Marlene Doll Co. uses a process costing system. Consider the following data for Dept. A. UNITS: W-1-P Nov. 1: 8,000 units,

Law Incorporation [45]

Answer:

The Marlene Doll Co.

Weighted-AVerage Method

Cost of production:

COSTS: W-1-P Nov. 1: $9,600 $4,800

Costs added in November: 15,600 14,400

Total costs for the month $25,500 $19,200

Equivalent units of production:

Units Materials Conversion

Transferred to Dept B: 12,000 12,000 12,000

W-1-P Nov. 30: 6,000 6,000 3,000

Equivalent units 18,000 15,000

Cost per equivalent units:

Materials Conversion

Total costs for the month $25,500 $19,200

Equivalent units 18,000 15,000

Cost per equivalent unit $1.42 $1.28

Costs assigned to:

Units Transferred to Dept B: $17,040 $15,360 $32,400

(12,000 *$1.42) (12,000 * $1.28)

W-1-P Nov. 30: 8,520 3,840 12,360

(6,000 *$1.42) (3,000 * $1.28)

Total costs assigned $25,560 $19,200 $44,760

FIFO Method

Equivalent units of production:

Units Materials Conversion

W-1-P Nov. 1: 8,000 0 (0%) 2,000 (25%)

Units started & completed: 10,000 10,000 10,000

W-1-P Nov. 30: 6,000 6,000 3,000

Equivalent units 16,000 15,000

Cost per equivalent units:

Materials Conversion

Total costs for the month $15,600 14,400

Equivalent units 16,000 15,000

Cost per equivalent unit $0.975 $0.96

Costs assigned this month to:

Work-in-Process $0 $1,920 $1,920

(0 *$0.975) (2,000 * $0.96)

Units completed $9,750 $9,600 $19,350

(10,000 *$0.975) (10,000 * $0.96)

W-1-P Nov. 30: 5,850 2,880 8,730

(6,000 *$0.975) (3,000 * $0.96)

Total costs assigned $15,600 $14,400 $30,000

Total costs of:

Units transferred out $19,350 $16,320 $35,670

W-1-P Nov. 30: 5,850 2,880 8,730

Total costs $25,200 $19,200 $44,400

Explanation:

a) Data and Calculations:

Dept. A. UNITS:

Units Materials Conversion

W-1-P Nov. 1: 8,000 100% 75%

Started in November: 10,000

Transferred to Dept B: 12,000 100% 100%

W-1-P Nov. 30: 6,000 100% 50%

6 0

3 years ago

Consider the following account balances (in thousands) for the Peterson Company.

Leya [2.2K]

Answer:

Peterson Company

1. A schedule for the cost of goods manufactured for 2017:

A. Peterson Company

Schedule of Cost of Goods Manufactured

For the Year Ended December 31, 2017 (in thousands)

Beginning direct materials inventory 21,000

less ending direct materials inventory (23,000)

Beginning Work-in-process inventory 26,000

less ending work in process inventory (25,000 )

Purchases of direct materials 74,000

Direct manufacturing labor 22,000

Indirect manufacturing labor 17,000

Plant insurance 7,000

Depreciation - plant, building, & equipment 11,000

Repairs and maintenance - plant 3,000

Total cost of manufactured goods $133,000

B. Peterson Company

Schedule of Cost of Goods Manufactured

For the Year Ended December 31, 2017 (in thousands)

Direct materials

Beginning direct materials inventory 21,000

Purchases of direct materials 74,000

Cost direct materials available 95,000

less ending direct materials inventory 23,000

Direct materials used 72,000

Direct manufacturing labor 22,000

Indirect manufacturing costs:

Labor 17,000

Depreciation 11,000

Plant Insurance 7,000

Repairs and maintenance 3,000

Total Indirect manufacturing costs 38,000

Manufacturing costs incurred during 2017 $132,000

Beginning work in process inventory 26,000

Total costs to account for $158,000

less ending work in process inventory 25,000

Cost of goods manufactured $133,000

2. Peterson Company

Income Statement

For the Year Ended December 31, 2017 (in thousands)

Sales Revenue $310,000

Cost of goods sold:

Beginning Finished goods inventory 13,100

Cost of goods manufactured 133,000

Cost of goods available for sale $146,100

less ending Finished goods inventory 20,000

Cost of goods sold $126,100 126,100

Gross profit $183,900

Operating costs :

Selling & Distribution costs 91,000

General & Admin. costs 24,000

Total operating costs $115,000

Operating income (loss) $68,900

Explanation:

The cost of manufactured goods is the sum of the costs of direct materials, direct labor, manufacturing overhead, and work in process inventory.

The cost of goods for sale is the sum of the beginning finished goods inventory plus the cost of manufactured goods less the ending finished goods inventory.

The income statement is a statement of revenue and costs in order to show the financial performance of an entity during a period of time. It shows the gross profit and net operating profit or loss.

The Gross profit is the difference between Sales Revenue and the Cost of goods sold.

The Operating Profit (Loss) is the difference between the Gross profit and the Operating costs.

8 0

3 years ago