Increased
It’s a positive number
Answer:
Cross- functional team
Explanation:
Cross- functional team, is the team which is defined as the group of people who came together with the different functional expertise of working against the common goal.
This team may involve the people from human resources, finance, operations and marketing department.
It occurs when the specialist from different areas are put on the same team. So, in this case, XYZ bring together the specialist, which implies that the firm is creating the team of cross- function.
Answer:
Prime cost = $94,000
<em>Conversion cost</em> = $135,400.
Explanation:
<em>Prime cost is the addition of direct material cost , direct labor cost and direct expenses.</em>
<em>Conversion cost is the cost of converting raw materials into finished product. It s the sum of direct labour cost and production overheads.</em>
For Bento Engineering,
<em>Prime cost = direct labour cost (since no figure is given for direct material and direct expenses.)</em>
Prime cost = $94,000
Conversion cost = Direct labour cost + overheads
<em>Conversion cost</em> = $94,000 + 126,000
= $135,400.
Prime cost = $94,000
<em>Conversion cost</em> = $135,400.
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Answer and Explanation:
The computation is shown below:
a. Amount of adjusting entry for uncollectible accounts
= Estimated balance of Allowance for Doubtful Accounts + debit balance
= $16,400 + $4,000
= $20,400
b. Adjusted balances
For account receivable
= account receivable
= $420,000
For allowance for doubtful debts
= Estimated amount
= $16,400
For bad debts
= AMount of adjusting entry
= $20,400
c. Net realizable value
= Account receivable balance - estimated balance of Allowance for Doubtful Accounts
= $420,000 - $16,400
= $403,600
