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anyanavicka [17]
3 years ago
10

Miller Safety Equipment uses multiple production department rates to apply overhead to products. The company will allocate suppo

rt department costs to production departments based on the amount of support activity a.budgeted by the department b.used by the entire production facility c.used by the department d.used by the department in the prior month
Business
1 answer:
natita [175]3 years ago
5 0

Answer:

c.used by the department

Explanation:

Since in the question it is mentioned that Miller Safety Equipment uses multiple production department rates so that it applied the overhead to products.

And according to that the allocation of support department cost to production

Here, the multiple production department rates are used so the support activity should be only used by the department.

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The price of coffe beans use to make coffee has decreased. At the same time, the price of cream (a compliment good) has increase
Sonbull [250]

Answer:

The correct answer is:

Equilibrium price will decrease; the effect on quantity is ambiguous. (D)

Explanation:

First, note that if the price of coffee beans, used in the manufacture of coffee decreases, the price of coffee sold to consumers will decrease, because it takes a lesser amount in manufacturing than it used to, therefore this reduction in manufacturing costs is reflected in the selling price.

Next, it is hard to tell whether this reduction in equilibrium price will affect quantity demanded, because, at the same time, the price of cream ( a complementary good) increases, and since both goods are complementary, they are bought together, and the effect of the reduction in the price of coffee might not necessarily caused an increase in the quantity demanded because this effect is cancelled out by the increase in the price of cream, hence the effect on quantity is ambiguous.

7 0
3 years ago
A management perspective that emerged after World War II and applied mathematics, statistics, and other quantitative techniques
Firdavs [7]

A Management Science Perspective is a management perspective that originated after World War II and used mathematics, statistics, and other quantitative tools to managing challenges.

Management science, often known as mathematical or quantitative measurement, sees management as a logical entity whose actions may be described in terms of mathematical symbols, connections, and measurement data.

The mathematical model is the key emphasis of this technique. This device may represent management and other challenges in fundamental relationships, and if a specific goal is sought, the model can be expressed in terms that optimize that goal. This method borrows heavily from decision theory and, in fact, provides several ways for rational decision-making.

Therefore, the answer is management science perspective.

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5 0
2 years ago
Some of the ledger accounts for the Sanderson Hardware Company are listed below. For each of the October 2021 transactions numbe
77julia77 [94]

Answer:

1. Paid a cash dividend.

Account Debited:  Retained earnings

Account Credited: Cash

2. Paid rent for the next three months.

Account Debited:  Prepaid rent

Account Credited: Cash

3. Sold goods to customers on account.

Account Debited:  Account receivables

Account Credited:  Sales revenue

4. Purchased inventory on account.

Account Debited:  Inventory

Account Credited: Accounts payable

5. Purchased supplies for cash.

Account Debited:  Supplies

Account Credited: Cash

6. Paid employees wages for September.

Account Debited:  Wages payable

Account Credited: Cash

7. Issued common stock in exchange for cash.

Account Debited:  Cash

Account Credited: Common stock

8. Collected cash from customers for goods sold in 3.

Account Debited:  Cash

Account Credited: Account receivables

9. Borrowed cash from a bank and signed a note.

Account Debited:  Cash

Account Credited: Notes payables

10. At the end of October, recorded the amount of supplies that had been used during the month.

Account Debited:  Supplies expenses

Account Credited: Supplies

11. Received cash for advance payment from customer.

Account Debited:  Cash

Account Credited: Unearned revenue

12. Accrued employee wages for October.

Account Debited:  Wages expenses

Account Credited: Wages payable

4 0
3 years ago
Click to review the online content. Then answer the question(s) below, using complete sentences. Scroll down to view additional
Murrr4er [49]
<h2>Answer:</h2><h3>1)One employee may have more deductions than the other employee, such as a larger number of dependents, or may be choosing to pay more of her paycheck into Social Security. </h3><h3 /><h3>2)Hourly Gross Pay is calculated by multiplying the number of hours worked in the pay period times the hourly pay rate. Overtime pay is also included in the gross pay calculation. Gross pay for salaried employees is calculated by dividing the total annual pay for that employee by the number of pay periods in a year.</h3>

4 0
3 years ago
On October 15, 2020, the board of directors of Ensor Materials Corporation approved a stock option plan for key executives. On J
Nataly [62]

<em>1. When is Ensor’s stock option measurement date?</em>

<u>Answer:</u> The stock option measurement date is on January 1st, 2021

<u>Explanation:</u>

- The measurement date of the stock option is the day it is granted with information about:

+) number of share each individual staff receives

+) the price of the option

It was indicated in the question: "On January 1, 2021, 26 million stock options were granted"

=> <em>The measurement date is January 1, 2021 with the amount of 26 millions stock options were granted. </em>

<em>2. Determine the compensation expense for the stock option plan in 2021. (Ignore taxes.)</em>

<u>Answer:</u> Compensation expense is $52 million

<u>Explanation:</u>

The fair value per stock option is 6$ per option.

=> Total compensation expense for 26 million options would be: 6 x 26 million = $156 million

As the options are exercisable between 01/01/2024 and 31/12/2016

=> The vesting period is 3 years from 01/01/2021 to 31/12/2023

=> The compensation expense for the stock option plan in 2021 is calculated as following:

<em>Compensation expense year 2021 = Total compensation expense/  Vesting period =  156 million / 3 = $52 million</em>

<em>3. Prepare the journal entries to reflect the effect of forfeiture of the stock options on Ensor’s financial statements for 2022 and 2023.</em>

<u>Answer & Explanation:</u>

2.6 million (10%) of the options were forfeited

=> The remaining percentage represent the unforfeited = 100% - 10% = 90%

  • <em>In 2022</em>

As 2022 is the second year of the vesting period:

The compensation expense of 2022 = (Total compensation expense * 90% * The order of period/ Number of period) - Compensation expense Year 2021

= $156 million × 90% × 2/3 - $52 million = $41.6 million

2022                                                  Debit                                  Credit

Compensation expense               41.6 million

Paid-in-capital-stock options                                                   41.6 million

  • <em>In 2023</em>

As 2023 is the third year of the vesting period:

The compensation expense of 2023 = (Total compensation expense * 90% * The order of period/ Number of period) - Compensation expense Year 2021  - Compensation expense of 2022

= $156 million × 90% × 3/3 - $52 million - $41.6 million = $46.8 million

2023                                                  Debit                                  Credit

Compensation expense             46.8 million

Paid-in-capital-stock options                                                   46.8 million

<em>5. Prepare the journal entry to account for the exercise of the options in 2025.</em>

<u>Answer & explanation:</u>

The number of shares exercised = 26 million - 2.6 million = 23.4 million

It is given that the stock options are exercisable between January 1, 2024, and December 31, 2026 at 80% of the quoted market price on January 1, 2021, which was $20.

The exercise price of the stock = $20 × 80% = $16

Cash = Amount paid for shares = Exercise price × Number of options exercise = 16 × 23.4 million = 374.4 million

The paid-in-capital Stock option = 23.4 million x 6 = 140.4 million

Common stock (23.4 million at $1 par per share) = 23.4 million

=> Pain in capital - excess of par =  491.4 million

Journal entry:

General Journal                              Debit                    Credit

Cash                                           374.4 million

Paid-in-capital - Stock option    140.4 million

Common stock                                                           23.4 million

Paid in capital - excess of par                                  491.4 million

5 0
4 years ago
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