The permanent files included as part of audit documentation do not normally include

Valutech Manufacturing uses job order costing for its production of MP3 players. The cost incurred for the current year for the

lyudmila [28]

Answer:

$65 per unit

Explanation:

For computing the cost per unit first we have to determine the cost of goods manufactured which is shown below:

Cost of goods manufactured = Opening work in process + direct material cost + direct labor cost + manufacturing overhead cost - ending work in process

= $10,000 + $12,000 + $6,000 + $4,000 - $6,000

= $26,000

And, there is a production of 400 MP3 players

So, the cost per unit is

= $26,000 ÷ 400 MP3 players

= $65 per unit

8 0

2 years ago

The following standards for variable manufacturing overhead have been established for a company that makes only one product: Sta

Xelga [282]

Answer:

$13,640 Unfavorable

Explanation:

Data provided

Actual hours = 2,600

Standard hours = 6.0

Standard variable overhead rate = $12.40

The computation of variable overhead efficiency variance is shown below:-

Variable overhead efficiency variance = (Actual hours - Standard hours) × Standard rate

= (2,600 - (250 × 6.0)) × $12.40

= (2,600 - 1,500) × $12.40

= 1,100 × $12.40

= $13,640 Unfavorable

Therefore for computing variable overhead efficiency variance we simply applied the above formula.

7 0

3 years ago

A company purchased land for $70,000 cash. Real estate brokers' commission was $5,000 and $7,000 was spent for demolishing an ol

xxMikexx [17]

Answer:

UNDER THE HISTORICAL COST OF PRINCIPLE THE COST OF LAND WOULD BE $82,000

Explanation:

Historical cost principle is one of many principle that is used in the accounting , where it states that the value of the asset which will be recorded in the asset side of the balance sheet will be based on the original amount of price which was incurred to acquire the asset at the time of purchase. In this we will include the broker's commission and amount spent for demolishing old building

COST OF LAND = purchase price + broker commission + cost on demolishing

= $70,000 + $5000 + $7000

= $82,000

3 0

3 years ago

The Bureau of Labor calculates statistics "quit" levels by industry. The Accommodation and Food Services industry had the highes

Aleksandr-060686 [28]

Answer:

ill-treatment of Stuff

Poor Staff Compensation

Pressure that the stuff subdue to due to the growing industry and lot of work.

Some workers are required to work away from home and are not able to cope being away from families for a longer time.

Explanation:

Consider the factors that may <em>lead the workers to quit their jobs</em> in the <em>Accommodation and Food Services industry</em>.

Some of them include the following :

ill-treatment of Stuff
Poor Staff Compensation
Pressure that the stuff subdue to due to the growing industry and lot of work.
Some workers are required to work away from home and are not able to cope being away from families for a longer time

6 0

2 years ago

In which part of a business plan would you find a description of the production technology, inventory procedures, quality issues

kaheart [24]

Answer:

BUSINESS OPERATIONS AND ORGANIZATION

Explanation:

Business plan - a plan for the implementation of business operations, company actions, containing information about the company, product, its production, markets, marketing, organization of operations and their effectiveness. Business planning is the definition of goals and ways to achieve them, through any planned and developed action programs, which in the implementation process can be adjusted in accordance with the changed circumstances. According to the definition of the Modern Economic Dictionary and the Big Economic Dictionary, a business plan is a plan, a program for carrying out business operations, enterprise actions, containing information about the enterprise, product, its production, sales markets, marketing, organization of operations and their effectiveness. A business plan is drawn up to describe the stages and ways of conducting an entrepreneurial operation, its profitability and is used to convince partners (creditors) of the advisability of the upcoming transaction, operation. In the “Economic Dictionary”, a business plan is a document developed by an enterprise in which the main aspects of a planned commercial event are systematized. That is, a business plan is the result of a consolidated systematic planning of the enterprise; This is a document of a strategic plan for the creation / development of an enterprise’s business, reflecting the current state, goals and strategy of achieving the expected needs and development of the enterprise. A business plan may also be the result of one-time project planning to solve a specific strategic task; This is the main document of the investment project, which sets out the essence, main characteristics, financial results and economic efficiency of the project. Business planning is the development of a business plan, that is, a procedure for collecting, processing information, making a system of interconnected management decisions in order to obtain the expected result.

Usually, Business Plan contains in 8 parts:

1.Executive summary

2. Background

3. Products and services

4. Markets and clients

5. Business operations and organization (the true answer to the question)

We can include there: location and premises, marketing and selling methodology, manufacturing, distribution, order processing/inventory control, company structure/organization, project management and management information systems/reporting.

6. Human resources

7. Legal framework, and environmental and social factors

8. Financial planning

5 0

2 years ago