Answer:
The amount of overhead debited to Work in Process Inventory should be: a. $182,00
Explanation:
The Overheads are Applied in the Manufacturing Costs as:
Budgeted Rate × Actual Activity for the Month
At the End of the Period we would need to determined whether this amount of overhead is Over or Under Applied by comparing it to the actual overheads incurred of $180,000 (given)
In our Case, the predetermined overhead rate is 70% of direct labor cost
<em>Thus we need to find the Direct Labor Cost first</em>:
Total Labor Costs $360,000
<em>Less </em>Indirect Labor Costs<em> </em>$100,000
Direct Labor Cost $260,000
<em>Therefore Overheads applied would be determined as:</em>
= $260,000 × 70%
= $182,000
Answer:
The correct answer is letter "E": cash flow from operations less cash used to purchase fixed assets to maintain productive capacity.
Explanation:
Free cash flow or FCF is the money available for investors and creditors after subtracting the operational expenditures and investments from the sales of a company. FCF is not the same as net income because FCF does not include non-cash expenses but FCF considers capital investments and expenses. FCF could reflect more changes compared to the net income.
Answer: buyer requirements
Explanation: Differing needs such as the need for information, convenience, variety, and/or pre- or postsale services that must be satisfied during an exchange are collectively known as buyer requirements which aid both buyers and sellers in the ordering process as they allow the seller to ask for any information needed to complete an order while allowing the buyer to communicate his/her needs to ensure that every order specification is met.
Answer: Continuum
Explanation:
The question is given a description of the service delivery system, a kind of system which is targeted at meeting customers needs while profit is being made by the organization.
Continuum is a word used to describe a process with stages that vary slightly and lies between two eventualities.
The continuum in the question is used to describe the stages in the service delivery system, from the level of low customer contact that gradually progresses to a level of high customer contact.
Answer:
Reserves
Explanation:
Risk is any uncertain event with positive or negative consequences on a project. Contingency costs are related to risks, and therefore cannot be disregarded in risk management within a project. It is essential that management plan and prevent for the project to occur in a predictable and effective manner.
