From the production plan, the budget for January is $12800, February, $16250, March $17175, April $20875, May $16900, and June $16900.
Production planning simply means the act of designing a guide for the production of a particular good or service.
It should be noted that production planning is important to ensure that all necessary preparation is completed before the start of a production cycle.
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A. The Occupational Outlook Handbook
Answer:
242.65
Explanation:
Data provided in the question:
year 2011 2012 2013
Salary $65,000 $72,000 $76,000
Consumer Price Index 226 230 235
Real Interest Rate 2.5% 2.7% 1.8%
Nominal interest rate for 2013 = 7.3%
Now,
Rate of inflation for 2013 = Nominal rate - Real rate
= 7.3% - 1.8%
= 5.5%
Therefore,
CPI in 2013 = Consumer Price Index in 2012 × (1 + inflation )
= 230 × ( 1 + 0.055 )
= 242.65
Answer:
E) None of these answer choices is correct.
Explanation:
<u>Overhead bases on labor hours:</u>
250 units / 25 per batch: 10 batch
total overhead cost: $ 2,000 setup per batch x 10 batch= $ 20,000
20,000 overhead cost / 1,000 labor hours = 20 dollars per hour
1,000 labor hours / 250 units of output: 4 labor hours per unit
4 labor hours x $ 20 = $ 80
<u>Overhead based on activity:</u>
Setup cost: 2,000
units per batch: 25
$ 2,000 / 25 units = $ 80
A short-term liability is a payment that is due in 12 months or less. Hence notes payable due in six months is reported as a short-term liability.
<h3>
What is a liability?</h3>
In the parlance of Accounting and Finance, a Liability is a financial obligation that the company owes to individuals, or organizations with which it has transactional or legal relationship.
Hence, it is correct to indicate that notes payable due in six months is reported as a short-term liability.
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