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3 years ago

What is a good way to guard against disorderly cash records or cash loss?

1 answer:

6 0

<span>What is a good way to guard against disorderly cash records or cash loss? Prompt reconciliation of the bank statements. By reconciliation the bank statements quickly, it allows for quick correction of incorrect money dispersement to make sure the statements balance each other out. Making sure the accounting records are accurate is vital to a company and their cash on hand amount. </span>

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Howorth Dental Products is a London-based producer of a patented anti-microbial dental floss. All raw material is introduced at

11Alexandr11 [23.1K]

Answer:

Choice A is the correct answer

Explanation:

Howorth Dental Products

Cost of Production Report

Equivalent Units Materials Conversion Costs

Finished Goods 383000 383000

Ending WIP 19000 6650 ( 19000* 35%)

Total Equivalent Units 402,000 389650

Costs Material D.LAbor FOH

Preceding Department 46,100 25,000 25000

Added 85,800 98,300 98,700

Total Costs 131,900 123,300 123,700

Material Costs Per Equivalent Unit = 131,900/ 402,000= 0.328

Direct LAbor Costs Per Equivalent Unit = 123,300/ 389,650=0.316

FOH Costs Per Equivalent Unit = 123,700/ 389,650=0.317

Total Cost per Equivalent unit = 0.328 + 0.316+0.317= 0.961≅ 0.962 (rounding would give a difference)

Costs Transferred to Finished Goods = 0.962* 383,000= $368,446

Costs OF Ending work in Process = 0.328 * 19,000 + 0.316* 6650 + 0.317 * 6650

Costs of Ending WIP= 6232 +2108.5+ 2101.4= 10,441.9

Total Cost Allocation= 368,446 + 10,441.9= 378,887.9

Equivalent units of direct material 402,000

Equivalent units of direct labor 389,650

Equivalent units of overhead 389,650

Costs per equivalent unit $0.962

Transferred to Finished Goods $368,446

Total Ending Work in Process $10,449

Total Cost Allocation $378,895

There's a minute difference in the WIP ending Inventory Costs ( 10449 - 10441.9 = 7.1)and Total Costs ($378,895-378,887.9= 7.1) which is only due to rounding off. If you round off you will get the exact figures as given in the option.

6 0

3 years ago

Roberta Whitman has recently been hired by Jackson Pharmaceuticals as the senior vicepresident of human resources. Jackson Pharm

butalik [34]

Answer:

Outside vendors specializing in all aspects of benefits administration would provide improved support to the firm's employees.

Explanation:

Shared services HR teams provide specialized support of day-to-day transactional HR activities to the company's employees by focusing on using centralized call centers and outsourcing arrangements with vendors (like benefits providers). By utilizing HR shared services, Whitman and the other managers can now devote more time to other HR matters while improving benefits enrollment and coverage by deferring those questions to benefits specialists.

3 0

3 years ago

What does an organization use to manage its operations across several industries and several markets simultaneously? a. Tactical

Papessa [141]

The strategy an organization employs to manage its operations across several industries and several markets simultaneously is called Corporate-level strategy.

<h3>What is the Corporate-level strategy?</h3>

A corporate-level strategy is a decision made to achieve a competitive and strategic advantage by selecting and managing a diverse set of firms that compete in a variety of sectors or product marketplaces.

A business organization is a business environment where business activities take place.

The three levels of strategy utilized in a business organization are:

Business level strategy
Functional level strategy
Corporate level strategy

Therefore, we can conclude that the Corporate-level strategy is the strategy that an organization employs to manage its operations across several industries.

Learn more about the Corporate-level strategy here:

brainly.com/question/24845876

5 0

3 years ago

A manufacturer of brand A jeans has daily production costs of Upper C equals 0.3 x squared minus 120 x plus 12 comma 585, where

makvit [3.9K]

Answer:

a. 200 jeans should be produced each day in order to minimize costs.

b. The minimum daily cost is $108,585

Explanation:

a. How many jeans should be produced each day in order to minimize costs?

Given C = 0.3x^2 - 120x + 120,585 ........................... (1)

Cost is minimized when MC = C' = 0

To obtain MC, equation (1) is differentiate with respect to x as follows:

dC/dx = MC = C' = 0.6x - 120 = 0 ............................... (2)

From equation (2), we can now solve for x follows:

0.6x - 120 = 0

0.6x = 120

x = 120 ÷ 0.6

x = 200

Therefore, 200 jeans should be produced each day in order to minimize costs.

b. What is the minimum daily cost?

Substitute 200 for x in equation (1) to have:

C = 0.3(200^2) - 120(200) + 120,585

= 12,000 - 24,000 + 120,585

C = $108,585

Therefore, the minimum daily cost is $108,585.

8 0

3 years ago

Read 2 more answers

Suppose one economist believes the target rate of unemployment is 4.5 percent while another believes it is 5.5 percent. Using Ok

Arlecino [84]

Answer:

$200 billion

Explanation:

Okun's law (or rule of thumb) states that for every 1% point drop in unemployment, the total output of the economy will increase by two percent.

In this case, since unemployment varies by 1% (= 5.5% - 4.5%), that would mean that the potential GDP differs in $200 billion (= $10 trillion x 2%) depending on which economist's unemployment estimation we use.

6 0

3 years ago