Answer:
a) $1,470 Debit –Wage Expense; $1,470 Credit –Wage Payable.
b) $4,410 Debit –Wage Expense; $1,470 Debit –Wage Payable
Explanation:
Remember, we are told each of the worker earns $210 per day. Therefore
a.To record accrued and current wages.Wages expense = 7 workers × 3 days × $210 = $4,410.
b. To record accrued wages four days Cash = 7 workers × 4 days × $210 = $5,880. For one day (7 workers × $210) = $1,470.
Answer:
Option D Ernie should hire temporary employees because he can let them go once the holiday season is over.
Explanation:
Option D. The reason is that this option possesses the least risk that the company will loose money and with higher return opportunity associated with it that it make money during the holiday season.
Option A. If company hires permanent workers then the company will have to pay them irrespective of the production so their is a higher risk with a greater return opportunity to meet demands.
Option B. Remember that the money doesn't keeps the employee motivated for a long duration. It objects the employee to leave the company because the employee is a key resource to the organization. So productivity cannot increase significantly to meet demand by increasing pay and the company will have to pay the remaining months the same pay which is meaningless to loose money instead of making money.
Option C is totally incorrect because if the company keeps its store closed it is making fewer sales and giving an edge to build relation with its existing customers . So again its risky proposal.
Option E is also incorrect because setting high prices without any differentiation in the product will result in fewer sales target achievements. So it is again riskier proposal.
Answer:
$364,980
Explanation:
Computation for the amount of under- or overapplied overhead for the year.
First step is to calculate the
Predetermined Overhead using this formula
Predetermined Overhead rate = Estimated overhead/direct labor estimated
Let plug in the formula
Predetermined Overhead rate= 358,900/227,000
Predetermined Overhead rate= 158% of direct labor cost
Now let determine the Overhead applied
Overhead applied = $231,000*158%
Overhead applied= $364,980
Therefore the amount of under- or overapplied overhead for the year is $364,980
Answer: Option C
Explanation: Manufacturing overhead refers to the that portion of the cost which cannot be allocated to the units produced in a reasonable manner. These costs are indirectly related to the product manufactured. For example = depreciation, rent etc.
Thus, the cost of glue cannot be allocated to each individual unit produced. As the worker might put a more in one unit and a little less in the other.
Thus, from the above we can conclude that the correct option is C.
Answer:
The correct answer is brand community.
Explanation:
A brand community can be defined as a community formed on the basis of attachment to a product or a brand. The consumers that belong in a brand community generally share the same tastes, cultures, and values.
The main characteristics of a brand community are
- Shared consciousness
- Sense of moral responsibility
- Rituals and traditions
A number of companies show brand communities, for instance, Jeep, Harley Davidson motorcycles, Barbie, Lego, Royal Enfield motorcycles, etc.
