Answer:
COGS 3807 debit
FG 7896 debit
WIP 2397 debit
Factory Overhead 14,100 credit
--to record the underapplication of overhead--
Explanation:
overhead rate:
$515,000 overhead / 515,000 labor cost = $1
each labor cost generates a dollar of overhead.
221,400 x 1 = 221,400 overhead in COGS
459,200 x 1 = 459,200 overhead in Finished Goods
139,400 x 1 = 139,400 overhead in WIP inventory
Total applied 820,000
Actual 805,900
Underapplied 14,100
Now we weight each concept and determiante the portion underapplocated in each concept
Collusion is legal in most countries as it form part of the oligopoly but in South Africa it is not legal for companies to collude on prices. As evidence, the Competition Commission has fined several SA companies for price collusion.
Answer:
Concentrated Targeting Strategy.
Explanation:
As Magnira is a cosmetics brand and has launched a face cleansing cream. The television advertisements for the product promote that it is a medically proven cure for acne. Given the information, Magnira most likely uses concentrated targeting strategy for its new product. In concentrated targeting strategy, firm selects and focus their all efforts on one very clearly defined and specified market segment in which they have the expertise and resources as well. This is being done with the only one marketing mix. For example, Rolex Watches only make watches for the luxury and high end customers. This strategy helps organizations and brands in developing and serving a particular niche.