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alexdok [17]
3 years ago
9

Craigmont Company's direct materials costs are $4,200,000, its direct labor costs total $8,080,000, and its factory overhead cos

ts total $6,080,000. Its prime costs total: Multiple Choice $12,280,000. $10,280,000. $14,160,000.
Business
1 answer:
USPshnik [31]3 years ago
4 0

Answer:

$12,280,000.

Explanation:

All the direct costs involved in the manufacturing of a product except fixed cost is called prime cost e.g direct material, direct labor etc.

Direct Material = $4,200,000

Direct labor = $8,080,000

Total Prime cost = Direct material + Direct labor = $4,200,000 + $8,080,000 = $12,280,000

Overhead costs are not classified as the prime cost because these are indirect costs.

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Which of the following statements is correct about the connection between cost centers and revenue?
Mazyrski [523]

Answer:

B) Cost centers do not directly generate revenue from customers, but they may have an impact on revenue through customer satisfaction and overall quality.

Explanation:

Cost Centers are functions where costs are accumulated.

Cost centers do not generate revenue, but they do have impact on revenue since price determination lies on the cost if the company is to make profit.

Costs also determine the quality of the final product to customer and the satisfaction there-off - which are vital for driving revenue.

8 0
3 years ago
During which of the following stages of socialization do people first learn about the organization and job?a. Role managementb.
Tems11 [23]

Answer:

Letter b is correct. <u>Encounter.</u>

Explanation:

It is through this stage of socialization that new employees begin to learn about the work tasks they will perform and receive appropriate training.

In this phase, employees' expectations are also related to the whole work environment in general, such as employment, their new teammates and supervisors, in order to confront an expectation generated with the reality of the work.

Therefore socialization is relevant for the new employee to replace their expectations generated by the standards expected by the organization.

7 0
3 years ago
A bank of 10 machines requires regular periodic service. Machine running time and service time are both exponential. what is the
marishachu [46]

Answer:

hello your question lacks some details below is the complete question

A bank of 10 machines requires regular periodic service. Machine running time and service time are both exponential. Machines run for an average of 44 minutes between service requirements, and service time averages six minutes per machine

If operators cost $15 per hour in wages and fringe benefits and machine downtime costs $75 per hour in lost production, what is the optimal number of operators for this bank of machines?

A 1

B 2

C 3

D 4

E 5

Answer : 3 operators ( c )

Explanation:

number of machines = 10

machine run time for each = 44 minutes

service time = 6 minutes

cost of each operator = $15 per hour

loss during machine down time = $75 per hour

hence the optimal number of operators  

The total minutes the machine would work in a hour

= (60 - 6) * 10 = 540 minutes  

assuming we assign 180 minutes to each operator then each operator would cost = 15 * 3 = $45

for three operators that would be = 45 * 3 = $135

lost inquired during down time

= 6 minutes * 10 = 60 minutes  i.e the total cost inquired per hour = $75

hence 3 operators would be an optimal number of operators because the operators would work lesser hours and more efficiently as well

5 0
3 years ago
For each of the following transactions of Spotlighter, Inc., for the month of January, indicate the accounts, amounts, and direc
frez [133]

Answer:

Accounting equation is as follows:

        Assets               =               Liabilities                +       Stockholder's equity

(a) Cash  $3,940                Notes payable  $3940

(b) Cash  $4,630                                                             Common stock  $4,630

(c) Equipment $1,000

     Cash (-$200)               Notes payable(ST) $800

(d) Supplies $300

      Cash (-$300)

(e) Supplies $700             Accounts payable $700

7 0
3 years ago
Read 2 more answers
DAE Parts Shop began business on January 1, 2019. The corporate charter authorized issuance of 20,000 shares of $5 par value com
andrew-mc [135]

Answer:

c. increase of $300,000

Explanation:

The autorized shares do not increase the equity of the firm. The firm generaes equity when the shares are issued. Therefore, we should consider January 2nd issuance:

12,000 common shares x $25 =   300,000 total proceeds

face value: 12,000 common x $5 = 60,000 face value

additional paid-in                           240, 000

5 0
2 years ago
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