Answer:
A, B.
Explanation:
A is relevant as the 400-pound remaining can be sold at market price after the special order
B is relevant as the whole 5,500 can be sold at market price instead of the special order
C is irrelevant as the cost has already been uncured
D is irrelevant
Answer:
Be tailored to the specific needs of an individual decision maker.
Explanation:
A managerial account report is more likely to be tailored to the specific needs of an individual decision maker. This is usually In comparison with a financial statement prepared in conformity with generally accepted accounting principles,
The managerial account lays its focus on specific needs which the decision maker needs.
It doesn't do any of theses;
Focus upon the operating results of the most recently completed accounting period neither does it View the entire organization as the reporting entity.
Answer:
Cost of good manufactured= $50000
Explanation:
Total manufacturing cost is the aggregate amount of cost incurred by a business to produce goods in a reporting period.
Generally accepted accounting principles require that the cost of goods sold shall consist of:
the cost of direct materials
the cost of direct labor
the cost of manufacturing overhead
<u>Expenses that are outside of the manufacturing facilities, such as selling, general and administrative expenses, are not product costs. </u>They are reported as expenses on the income statement in the accounting period in which they occur.
In this exercise:
<u>Cost of goods manufactured:</u>
Direct materials= $15000
Direct Labor=$30000
Factory overhead=$5000
Total= $50000
Answer:
Business plan necessary because:
•It make you aware of your strength or weakness.
•It also creates an effective strategy for growth.
•It helps to determine your future financial needs.
•It also helps to gain a deep understanding of your market.
Answer:
a) X1=5.64
X2=4.57
X3= 8.59
Optimal solution=104.77
b) Additional hour on machine 3 = 105.42 – 104.77 = 0.64
c) Additional 15 hours on machine 2 = 105.37-104.77 = 0.6
Explanation:
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications. SOLVED WITH EXCEL SOLVER.
