Answer:
Explanation:
This is a question about allocation based on how much the street frontage will be valued in future. That value will then be allocated to the joint cost to see how much to apportion to Street Frontage now.
The total value of the Street Frontage after development is,
= 125 lots * $70,000
= $8,750,000
The total value of Golf lots are,
= 100 lots * $100,000
= $10,000,000
Adding them up,
= 10,000,000 + 8,750,000
= $18,750,000
This is the total amount of the company could make and therefore the lot's value.
Company incurred the following costs.
= 1,850,000 * 1,450,000
= $3,300,000
The amount of joint costs to be allocated to Street Frontage will be,
= 8,750,000/ 18,750,000 * 3,300,000
= $1,540,000
The amount to allocate to Street Frontage based on the total value of the lot is $1,540,000.
Answer:
WIP 5,040
Factory Overhead 5,040
Explanation:
280,000/25,000 = 11.2 per labour hor
Job labour hors x rate = overhead applied
450 x 11.2 = 5,040
We will increase the work in process, because there is no information about the job being complete.
And we will use the factory overhead account to post the applied overhead
The correct answer to this open question is the following.
Although there are no options attached, we can say the following.
The approach of the evolution of management thought attempted to explain the real issues facing managers and provide managers with tools to solve future problems is the quantitative approach to management.
This is correct because this management approach uses techniques that have quantitative advantages in the tools it uses. For instance, it includes numbers, statistics, mathematics models, and even some simulations for computer software that have helped managers and companies to make better decisions based on facts, numbers, probabilities, and forecasts, not only qualitative approaches.
In the corporate world, numbers can be trusted. That is why managers have to be constantly monitoring numbers in different ways to make forecasts and make the best decisions possible in an uncertain business world that faces many variants.
I think it should be C) Caps on damages