<span>Pay the service center with his VISA credit card....</span>
Answer:
Internal failure costs
Explanation:
Internal failure costs are those costs that occur because of product failure when quality of goods is reviewed.
This occurs before goods are released from the factory for use by the consumer.
Discovery of these failures is done by the internal inspection team of the company.
We have 4 costs of quality: preventive cost, appraisal cost, external failure cost, and internal failure cost.
In this scenario a few machines in the assembly section were faulty and had to be shut down till they were repaired, resulting in reduced the output of automobiles for the quarter.
The incurred cost is internal failure cost
Debit Salaries Expense $960 and credit Salaries Payable $960.
<h3>
What is salary expense?</h3>
- Salaries expense is the fixed pay earned by employees.
- The expense represents the cost of non-hourly labor for a business.
- It is frequently subdivided into a salaries expense account for individual departments, such as: Salaries expense - accounting department. Salaries expense - engineering department.
Salary expense per employee = $240 per day
Number of employees = 2
Salary expense for 2 days = Salary expense per employee * Number of employees * 2 = $240 * 2 * 2 = $960
Now, calculate salary -
Date Account title Debit Credit
Salaries expense $960
Salaries payable $960
(To record salaries expense for 2 days)
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Answer:
0.1935; 9
Explanation:
(a) Total return of your stock investment:
= (Trading value of stock at the year end + Dividend paid - Cost of purchasing the stock) ÷ Cost of purchasing the stock
= (52.75 + 2.75 - 46.5) ÷ 46.5
= 0.1935
(b) Total dollar return on your investment:
= Trading value of stock at the year end + Dividend paid - Cost of purchasing the stock
= 52.75 + 2.75 - 46.50
= 9
Answer: See explanation
Explanation:
a. The optimal order quantity can be calculated as:
= √2DS/H
where
D = 3 × 12 × 3487 × 0. 75
= 94149
Total cost incurred during purchase
= $1.55 + $0.70
= $2.25
Setup cost (S) = $186
Holding cost
= 32% × $2.25
= 0.32 × $2.25
= $0.72
Optimal order quantity
= √(2 × 94149 × 186)/0.72
= 6974.50
b. This will be calculated as:
Annual demand / EOQ
= 94149/6974.50
= 13.50
The company should order cotton 13.5 times per year.
c. Since the first order is needed on 1-July and lead time is 2 weeks, SYM should place the order before 17th June.
d. This will be:
= Annual demand / EOQ
= 94149/6974.50
= 13.5 orders
e. The resulting annual holding cost will be:
= 0.72 × (6974.50/2)
= 0.72 × 3487.25
= $2510.82
f. The resulting annual ordering will be:
= 94149/6974.50 × $186
= 13.5 × $186
= $2511