Answer:the correct answer is A. For the 11th worker, the marginal profit is $600.
Explanation:
10 men 20 vanities per week
11 men 22 vanities per week
1 man more 2 vanities more
If the company uses 1 man more produces 2 vanities more, so the company spends $1000 on the extra man and makes 2*$800= $1,600 (for two extra vanities). For the 11th worker, the marginal profit is = $1600-$1000= $600
Answer:
Product 1 - $36
Product 2 - $ 96
Product 3 - $66
Explanation:
The accounting standard for Inventory under IFRS IAS 2 requires that inventory be recognized at cost which includes all the cost incurred to bring the item of inventory to a state or place where the item of inventory becomes available for sale.
These costs includes cost of purchase, freight, Insurance cost during transit etc.
Subsequently, inventory is to be carried at the lower of cost or net realizable value.
The NRV is the Selling price less the cost to sell.
Given
Product 1 Product 2 Product 3
Cost $36 $ 106 $ 66
Selling price $ 88 $ 168 $ 118
Costs to sell $ 9 $ 72 $ 26
NRV $ 79 $ 96 $ 92
Answer:
0.34
Explanation:
Calculation to determine what The manufacturing cycle efficiency (MCE) was closest to:
First step is to calculate the Throughput time using this formula
Throughput time = Process time + inspection time + move time + queue time
Let plug in the formula
Throughput time=6.1+1.5+4.1+6.2
Throughput time=17.9
Now let calculate the MEC using this formula
MEC = process time / throughput time
Let plug in the formula
MEC=6.1/17.9
MEC =0.34
Therefore The manufacturing cycle efficiency (MCE) was closest to:0.34
Explanation:
The journal entries are as follows
1. Raw material inventory $5,100
To Account payable $5,100
(Being the raw material is purchased on account)
2. Factory labor $5,100
To Factory wages payable $1,700
To Payroll tax payable $2,900
(Being the factory overhead cost is recorded)
3. Manufacturing overhead $2,900
To Utilities payable $2,900
(Being the overhead cost is recorded)
The process to identify potential events that may affect the entity, and manage risk to be within its risk appetite, to provide reasonable assurance regarding the achievement of entity objectives is called risk assessment.
An entity refers to someone or enterprise owning separate and wonderful prison rights, inclusive of an individual, partnership, or organization. An entity can, amongst different things, personal assets, engage in enterprise, enter into contracts, pay taxes, sue, and be sued.
The entity name is the call used by an enterprise to enter into contracts and make other criminal or administrative commitments. alternatively, the business name is the name your commercial enterprise operates under and shares with its clients, customers, and employees.
That which has a wonderful life as an individual unit. often used for businesses that have no physical shape. An existent something that has the houses of being actual, and having an actual lifestyle.
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