Given that Terin's employees have set their objectives in the company, the next thing that Terin expects from these employees would be to develop action plans.
Option D is the correct answer to this question. The action plans are sets of strategies that the employees have laid out that would help them to achieve their goals and objectives.
In order to do this, they have to make up lists of the things that they want to achieve in the firm and also list the strategies that they would employee to achieve them.
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Answer: $1,017,000
Explanation:
In calculating product costs we take the following, Direct materials and direct labor, Other variable manufacturing costs, Depreciation of factory building and manufacturing equipment and Other fixed manufacturing costs.
We add all of those with the result being the Product cost.
Calculating therefore would give us,
= 770,000 + 135,000 + 87,000 + 25,000
= $1,017,000
$1,017,000 is the amount that should be considered product costs for external reporting purposes.
If you need any clarification do comment.
Answer:
Net Cash flow from Investing activities -$1,900
Explanation:
Investing activities: It records those activities which include purchase and sale of the long term assets. The purchase is an outflow of cash whereas sale is an inflow of cash
Cash flow from Investing activities
Purchase equipment - $5,400
Sale of land $3,500
Net Cash flow from Investing activities -$1,900
All other transactions are related to the operating and financing activities. Hence ignored it
Answer:
17,080 ounces.
Explanation:
Given that,
Budgeted production = 8,500
Raw material required per unit = 2 ounces
Opening inventory = 3,400
Direct material to be purchased:
= (Budgeted production × Raw material required per unit) + Closing inventory - Opening inventory
= (8,500 × 2 ounces) + (20% × 8,700 × 2) - 3,400
= 17,000 + 3,480 - 3,400
= 17,080 ounces.
Answer
A. MRP = Change in revenue / Change in Labor
For first worker = 60 + 59 + 58 + 57 + 56 = 290/1 = $290
Since he produces 5 units.
Second Worker = 55 + 54 + 53 + 52 = 216/1 = $174
Since he produces 4.
Similarly,
Third worker = 51 + 50 + 49 = $150
Fourth worker = 48 + 47 = $95
Fifth worker = $46
B. Now all units are charged at $50
First worker = 5*50 = $250
Second = 4*50 = $200
third = 3*50 = $150
and so on.
C. If the wage is $210 it will demand workers until the MRP decreases below 210 and that happens for worker 2 here.
Since he can produce only $200 for $210 wage, he should not be hired. Hence only one worker will be hired here
D. If the wage falls to $97 the demand for workers will increase, again for worker 4 MRP is $100 which is above $97 and worker 5 goes below.
