The following is the cash collection model the company uses for its cash budget:

Tomatoes are an input in the production of ketchup, and ketchup and mustard are substitutes. an increase in the price of tomatoe

denpristay [2]

Tomatoes are an input in the production of ketchup, and ketchup and mustard are substitutes. An increase in the price of tomatoes will LOWER the total surplus in the market for mustard

3 0

4 years ago

A group of workers normally consists of 60 men, 30 women and 20 boys. They are paid at standard hourly rates as under:

dexar [7]

Labour cost variance = R.s 33,000 (F)
Labour rate variance = R.s 33000 (F)
Labour efficiency variance = 0

Given:

Standard Number of men = 60

Standard Number of women = 30

Standard Number of boys = 20

Standard hour rate for men = R.s 280

Standard hour rate for women = R.s 160

Standard hour rate for boys = R.s 140

Weekly working hour = 40 hours

Expected unit = 5,000 units

Number of men in march week = 70

Number of women in march week = 25

Number of boy in march week = 25

Actual wage for men = R.s 270

Actual wage for women = R.s 165

Actual wage for boys = R.s 130

Actual units = 4,500 units

Find:

Labour cost variance
Labour rate variance
Labour efficiency variance

Computation:

Labour cost variance = [SC for AO] - AC

Labour cost variance = [( 70 × 280) + (25 × 160) + (25 × 140)] - [(70 × 270) + (25 × 165) + (25 × 130)] × 40

Labour cost variance = (27,100 - 26,275 ) × 40

Labour cost variance = R.s 33,000 (F)

Labour rate variance = (SR - AR) × AH worked

Labour rate variance = [(280 - 270)70 + (160 - 165)25 + (140 - 130)25]40

Labour rate variance = [700 - 125 + 250]40

Labour rate variance = [825]40

Labour rate variance = R.s 33000 (F)

Labour efficiency variance = (SH allowed - AH worked)SR

Labour efficiency variance = (0 - 0)SR

Labour efficiency variance = 0

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5 0

3 years ago

Determining your personal vision, what do you need to do to make it a reality?

Effectus [21]

You need to write out your mission statement.

5 0

3 years ago

Based on the preceding information, your calculations, and your assumptions, which of the following statements can be included i

san4es73 [151]

Answer:

A decline in the debt-to-equity ratio implies a decline in the creditworthiness of the firm

and

A plausible reason why Blue Hamster Manufacturing Inc.’s price to free cash flow ratio has decreased is that investors expect lower cash flow per share in the future

Explanation:

Please refer the calculated ratios below

Ratios Calculated

Year 1 Year 2 Year 3

Price to cash flow 6.80 4.76 3.81

Inventory turnover 13.60 10.88 8.70

Debt to equity 0.60 0.48 0.38

7 0

4 years ago

The Polaris Company uses a job-order costing system. The following transactions occurred in October: Raw materials purchased on

Naddika [18.5K]

Answer:

The question is incomplete. Missing Portion is written as bold in explanation.

Explanation:

Required:

1. Prepare journal entries to record the transactions given above.

2. Prepare T-accounts for Manufacturing Overhead and Work in Process. Post the relevant transactions from above to each account. Compute the ending balance in each account, assuming that Work in Process has a beginning balance of $37,000.

Account Dr Cr

1.Raw materials 209000

Account payable-Liability 209000

The Materials are purchased in credit.

2. Work In Process 152000

Manufacturing Overhead 38000

Raw materials 190000

Entry for Materials used in Production.

3. Work In Process 48000

Manufacturing Overhead 22000

Salaries payable 70000

4.Manufacturing Overhead 104000

Depreciation 104000

5. Manufacturing Overhead 131000

Account payable 131000

6.Work In Process 686700 ( 9 x 76300= 686700)

Manufacturing Overhead 686700

7.Finished Goods 512000

Work In Process 512000

8.Cost of goods sold 449000

Finished Goods 449000

Accounts Receivable 547780

Sales Revenue 547780

**Sales - Cost of job * 1.22 (22 % above cost)

2. T-accounts for Manufacturing Overhead and Work in Process.

Manufacturing overhead

Dr Cr

22000 686700

38000

104000

Ending balance 391700 - Favorable

Work In process

Dr Cr

beginning bal. 37000

152000

48000 512000

Ending balance 411700

6 0

4 years ago