Answer:Please see answers in explanation column
Explanation:
a) Journal to record factory labor cost
Account titles and explanation Debit Credit
Factory Labor $480,000
Factory wages payable $400,000
Employer payroll taxes payable $80,000
Factory Labor=Factory wages payable+Employer payroll taxes payable
= $400,000 + $80,000 =$480,000
b) Journal to transfer factory labour to production
Account titles and explanation Debit Credit
Work in process inventory(480,000 x 75%) $360,000
Manufacturing Overhead(480,000 x 25%) $120,000
Factory Labor $480,000
Answer:
D
Explanation:
Price discrimination is when the same product is sold at different prices to customers in different markets
types of price discrimination
1. first degree price discrimination : here sellers charge each consumer at their willingness to pay in order to eliminate consumer surplus.
2. second degree price discrimination : here firms offer different prices depending on the quantity purchased. e.g. giving discounts for bulk purchases.
3, third degree price discrimination : firms charge different prices to different groups of customers. e.g. having a certain price for senior citizens, students
Answer:
SWOT ANALYSIS
Explanation:
A SWOT analysis looks at internal and external factors that can affect a business.
In SWOT analysis Internal factors are strengths and weaknesses. External factors are the threats and opportunities. An example of an external factor is changes in technology or a new government policy.
The Strategic planning process implored by Raney Pharmaceuticals Corp should help them:
1. respond to new trends
Since more people are becoming interested in natural alternatives to traditional chemical pharmaceuticals and the trend is expected to continue over the next decade Raney Pharmaceuticals Corp could take advantage of this opportunity by diversifying to produce natural alternative medication.
2. Discover threats (external factor)
Since New regulations have been passed limiting their ability to sell certain formulations over the counter, it would likely reduce their sales.
3. Overcome Weakness
The company has inadequate financial resources to invest in their operations and thus would need to get new investors.
Also, since they have fallen behind in research and development in the last few years adequate measures should be taken to improve their research and development.
Answer:
The answer is letter B.
Explanation:
Planned investment will exceed saving
Answer:
<em>Product X and Z should be processed further because the additional sales revenue is greater that further processing cost which leads to a profit. </em>
<em>Product Y should not be processed further because doing so would lead to a loss</em>
Explanation:
WP Corporation should process further a product if the additional revenue from the split-off point is greater than than the further processing cost.
Also note that all cost incurred up to the split-off point (i.e $92,000) are irrelevant to the decision to process further .
X Y Z
Sales value at split of point 23 24 25
Sales value after split off point <u> 27</u> <u> 27 </u> <u>32</u>
Additional sales value 4 3 7
Further processing cost <u>( 2)</u> <u>( 4 ) </u> <u>( 4)</u>
Net income?(loss) 2 (1 ) 3
Product X and Z should be processed further because the additional sales revenue is greater that further processing cost, which leads to a profit.
Product Y should not be processed further because doing so would lead to a loss
