Sadly, I can relate to this one. It's called cognitive dissonance.
Answer:
The overhead cost allocated to Totes is $11556 and option c is the correct answer
Explanation:
To allocate the overheads between products using a plant wide rate, we need to calculate the plant wide Overhead absorption rate (OAR). The OAR allocates overheads to each product based on the activity level consumed by each product.
OAR = Budgeted Overheads / Budgeted Absorption base
As the overhead absorption base is the direct labor cost, we first need to determine the total direct labor cost for both the products.
Direct labor cost = 64 * 350 + 51 * 530 = $49430
OAR = 25500 / 49430 = $0.5159 per direct labor cost of $1
Direct labor cost used by Totes = 64 * 350 = $22400
Overheads to be allocated to Totes = 22400 * 0.5159 = $11556.16 rounded off to $11556
Answer:
Number of times for production = 10 times
Explanation:
<em>Economic batch quantity (EBQ) i</em><em>s also known as economic production run, It is the optimum production run that a manufacturer should operate to minize set up cost and carrying cost. </em>
Carrying cost is the cost of keeping inventory while set up cost is cost of getting machines ready for production
The number of times the company should produce =
Annual demand / the economic production run(EBQ)
It is calculated as follows:
Economic batch quantity =√2× Co× D / Ch
Where ,
D - annual demand -320,000,
Ch -holding cost per unit per annum - $10
Co- set up cost - $160 ,
= √ (2 × 160× 320000/10)
= 3200
Number of times for production
= 320,000/3,200
= 10 times
Answer:
Explanation:
Bank reconciliation
Bank cash balance 7,338
Add: Deposit in transit 2,810
Less: Outstanding check 690
Adjusted cash balance 9,458
Cash balance per books 7,374
Add: Electronic bank transfer received by bank 2,126
Less: Bank service charges 42
Adjusted cash balance 9,458
Dr Cash 2,126
Cr Accounts receivable 2,126
Dr Bank service charges expense
Cr Cash 42
Option D
If a startup pioneers an industry or a new concept within an industry, the name recognition the startup establishes may create a formidable nontraditional barrier to entry referred to as a(n): first-mover advantage
<u>Explanation:</u>
The first-mover advantage commits to a benefit obtained by a company that prime proposes a commodity or service to the business. The first-mover advantage enables a company to build powerful brand recognition and product/service reliability ere other competitors.
First movers in an industry are nearly constantly supplanted by opponents that strive to gain on the first mover's success and grow market share. The limitations of first movers cover the chance of products being duplicated or enhanced upon by the opposition.
