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Alinara [238K]
3 years ago
9

Scoop Masters Inc. has been charged by Fab Flavors Corp. with stealing Fab Flavors' patented process for making ice cream. After

the papers are filed, Scoop Masters begins shredding all documents pertaining to its ice cream-making process. Since no motion has been made requesting production of documents, Scoop Masters has done nothing wrong. Is Scoop Masters correct?
Business
1 answer:
amm18123 years ago
8 0

Answer:

No - FALSE

Explanation:

Scoop Masters Inc. has been charged by Fab Flavors Corp. with stealing Fab Flavors' patented process for making ice cream. After the papers are filed, Scoop Masters begins shredding all documents pertaining to its ice cream-making process. Since no motion has been made requesting production of documents, Scoop Masters has done nothing wrong is a false statement. Scoop Masters Inc. has done really wrong. They have stolen someone else's idea of making a product even without their consent and then without mentioning their name and rights and trademarks. Moreover, they shredded all the proof in order not to be caught by the court in law. They have some serious crime which is totally wrong and unacceptable in all cases at all grounds.

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Delmar Inc. uses a standard cost system. Labor standards are 2.0 hours per widget at $8.80 per hour. During August, Delmar Inc.
zhuklara [117]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Labor standards are 2.0 hours per widget at $8.80 per hour.

During August, Delmar Inc. paid its workers $147,250 for 16,500 hours.

Delmar Inc. produced 8,600 widgets during August

<u>To calculate the direct labor rate and efficiency variance, we need to use the following formulas:</u>

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor time (efficiency) variance= (8,600*2 - 16,500)*8.8

Direct labor time (efficiency) variance= (17,200 - 16,500)*8.8

Direct labor time (efficiency) variance= $6,160 favorable

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Actual rate= 147,250/16,500= $8.92

Direct labor rate variance= (8.8 - 8.92)16,500

Direct labor rate variance= $1,980 unfavorable

6 0
3 years ago
Crestfield leases office space. On January 3, the company incurs $22,000 to improve the leased office space. These improvements
BabaBlast [244]

Answer:

Journal 1

Office Improvements $22,000 (debit)

Cash $22,000 (credit)

<em>Being recognition of the Capital expenditure </em>

Journal 2

Depreciation expense $ 2,200 (debit)

Accumulated Depreciation - Office Improvements $ 2,200 (credit)

<em>Being Using the 10 years remaining on its lease to depreciate the lease</em>

Explanation:

The improvements to leased offices are of a Capital Nature. Thus thus is a capital expenditure not a revenue expenditure.

Any improvements made on the leased property belongs to the lessor and thus the lessee will still be bound by the lease period.

<u>In the year of improvements the journals are as follows</u>

Office Improvements $22,000 (debit)

Cash $22,000 (credit)

<em>Being recognition of the Capital expenditure </em>

A journal to record the depreciation also need to be effected

Depreciation expense $ 2,200 (debit)

Accumulated Depreciation - Office Improvements $ 2,200 (credit)

<em>Being Using the 10 years remaining on its lease to depreciate the lease</em>

5 0
3 years ago
Firms that sell luxury products, custom-made products, and services often take the time to significantly modify their products i
ololo11 [35]

Answer:

one-to-one marketing

Explanation:

one-to-one marketing includes

-know your customers

-differentiate your customers

-improve customer interactions

-customize the product to the customer.

8 0
3 years ago
What is revision?hey
igomit [66]

Answer:

The action of revising

Explanation:

3 0
3 years ago
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You are opening up a brand new retail strip mall. You presently have more potential retail outlets wanting to locate in your mal
ExtremeBDS [4]

Answer:

A) Profitability index.

Explanation:

Based on the scenario being it can be said that the most appropriate tool to use in this specific situation would be a Profitability index. This is a ratio that weighs the payoff to the investment of a specific project. It is allows individuals to rank projects on the amount of value that they will be getting from them. Thus allowing you to choose the most optimal projects in situations such as this one.

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3 years ago
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