Given:
Total cash = $160,000
Notes payable = $86,000
Common stock = $52,800
Find:
Retained earnings as on December 31, 2018
Computation for retained earning:
According to Accounting Equation:
Assets = Liabilities + Stock holder equity
Total Cash = Notes payable + Common stock + Retained earning
$160,000 = $86,000 + $52,800 + Retained earning
$160,000 = $138,800 + Retained earning
Retained earning = $160,000 - $138,800
Retained earning = $21,200
the Toyota production system identified product defects types of waste to be eliminated.
The manufacturing process used by Toyota Motor Corporation to produce its vehicles is frequently referred to as a "lean manufacturing system" or a "Just-in-Time (JIT) system," and it is now well known and extensively researched.
The Toyota Production System (TPS) was developed based on two ideas: "jidoka" (loosely translated as "automation with a human touch"), whereby when a problem arises, the machinery immediately stops, preventing the production of defective goods; and the "Just-in-Time" idea, whereby each process only produces what is required for the subsequent process in a continuous flow.
For Toyota, jidoka signifies that anytime an irregularity happens, a machine must stop in a safe manner.
Learn more about Toyota Production System, here
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Answer:
$245,000
Explanation:
Total manufacturing costs are comprised by three components: manufacturing overhead, direct materials cost and direct labor cost.
If we are given the amount for each cost mentioned above except the labor cost, direct labor cost can be simply obtained by:
The direct labor cost is $245,000.
Answer:
Promotion.
Explanation:
The aim of promotion is to increase awareness, create interest, generate sales or create brand loyalty. Promotion is also one of the elements in the promotional mix or promotional plan.
Answer:
The weighted-average unit contribution margin is $7.40
Explanation:
The weighted average unit contribution margin is given by the below formula:
weighted-average unit contribution margin=Wa*Margin of A+Wb*Margin of B
Wa is the weight of product A=70% or 0.70
Margin of product A is $8.04
Wb is the weight of product B =30% or 0.30
Margin of product B is $5.92
weighted-average unit contribution margin=(0.70*$8.04)+(0.30*$5.92)
weighted-average unit contribution margin=$ 7.40
