Answer:
Standard hours allowed= 39,000
Explanation:
Giving the following information:
Standard direct labor hours per unit= 5 hours
Actual results:
Units produced 7,800 units
<u>To calculate the standard hours allowed, we need to multiply the number of units produced for the unitary standard direct labor hours:</u>
Standard hours allowed= 7,800*5
Standard hours allowed= 39,000
Answer:
An electronic storage file where firms keep customer information is known as a DATA STORAGE
Explanation:
Data storage keeps every electronic documents, it keeps data on it and it is safer to have such there as the memory determines the level of information to be stored.
Answer: Continuous improvement
Explanation: Continuous improvement can strive for accumulative development over a period of time or an instance of attaining achievement in a specific activity all at one time. It is usually an incremental never stopping modification that emphasizes on improving the productivity and efficiency of a company to achieve its adopted principle of action and goals.
Answer:
B) black
Explanation:
Dr. De Bono's decision making technique assigns a hat color to each participant, and the participant's role is determined by the color of the hat. Then participants exchange hats in order to be able to consider another and possible arguments in favor or against a proposal.
- White hat ⇒ just the facts please.
- Yellow hat ⇒ explore the positives and probe for value and benefit.
- Black hat ⇒ the devil's advocate or why things will not work.
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Red hat ⇒ express emotions and share feelings.
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Green hat ⇒ focuses on the possibilities, alternatives, and new ideas.
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Blue hat ⇒ manages and controls the process.
Answer:
Journal Entries on May 3:
a. Debit Prepaid Insurance $16,000
Credit Insurance Expense $16,000
To reverse the error.
Debit Insurance Expense $16,000
Credit Cash Account $16,000
To correct the error.
b. Debit Drawings $9,600
Credit Wages Expense $9,600
To correct the error.
Explanation:
a) Data:
1. Insurance expense credited to Prepaid Insurance, instead of Cash account = $16,000
2. Drawings by Brian Phillips, the owner of the business recorded as Wages Expense.
b) The journal can also be used to correct errors in posting transactions. The process can involve first reversing the error and then correcting it, as done with case (a). This will involve using two entries. It can also involve simply involve correcting the error without reversion, as done with case (b).