Answer:
Characteristics of level production include:
a. All of these answers are correct.
Explanation:
Production leveling was originated in Japan, and it is called production smoothing too, its strategic plan modifies inventory stock to keep a balanced production level for an specific period, to leveling by volume, or by product. This approach requires careful management of the orders so they can be predicted reasonably and accurately in terms of facility restraints, or to reduce the valueless added section of the production time, and to remove the waste of items in a row, to adapt getting throughput rates.
Answer:
Option A The impact of a change in the local currency on inflow and outflow variables can sometimes be indirect and therefore different from what is expected.
Explanation:
The reason is that the changes in the currency exchange rate in which the company receives the payment and is also not a home currency, such risk exposure is known as economic exposure. So the only option that correct here is option A.
Option B is incorrect because depreciation is non cash item and it is not exposed to currency fluctuations.
Option C and D are also incorrect because domestic firms don't face any economic exposure.
Answer:
Schedule of cost of goods manufactured & Sold
Particulars Amount
Direct materials used $15
Direct labor $20
Factory overhead Applied <u>$30</u>
(150% of DL Cost)
Total manufacturing costs $65
Add: Beginning WIP <u>$25</u>
Total cost of work in process $90
Less: Ending WIP <u>$10</u>
Cost of goods manufactured <u>$80</u>
Particulars Amount
Cost of goods manufactured $80
Add: Beginning finished goods inventory <u>$5</u>
Cost of goods available for sale $85
Less: Ending finished goods inventory <u>$15</u>
Cost of goods sold <u>$70</u>
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Answer/Explanation:
Susan's veterinary expenses are deductible for adjusted gross income
because she is self-employed and at the same time her vet practice constitutes a business.
Therefore, all of her veterinary expenses are deductible for adjusted gross income.
Alexandra is said to be in a trade or business as an employee and
the unreimbursed expenses of an employee are deducted as miscellaneous itemized deductions.
Therefore, Alexandra only benefits if she itemizes her deductions while Susan will always get the full benefit of the deduction.
Answer:
Using Traditional allocation method
Allocation rate per unit
=<u> Budgeted overhead</u>
Budgeted direct labour hours
Brass
Overhead allocation rate
= <u>$47,500</u>
700 hours
= $67.86 per direct labour hour
Gold
= <u>$47,500</u>
1,200 hours
= $39.58 per direct labour hour
Using activity-based costing
Brass
Allocation rate for material cost pool
= <u>$12,500</u>
400
= $31.25 per material moved
Gold
Allocation rate for material cost pool
= <u>$12,500</u>
100
= $125 per material moved
Brass
Allocation rate for machine set-up pool
= <u>$35,000</u>
400
= $87.50
Gold
Allocation rate for machine set-up pool
= <u>$35,000</u>
600
= $58.33
Explanation:
Using traditional allocation method, the overheads for material cost pool and machine set-up pool will be added. The overhead allocation rate per unit is the division of total overhead by the direct labour hours for each product.
Using activity-based costing, the material cost pool overhead will be divided by the material moved for each product in order to obtain allocation rate for each product.
The allocation rate for machine set-up pool is obtained by dividing the machine set-up overhead by the number of machine set-up for each product.
