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julsineya [31]
3 years ago
6

A company with a completely fixed cost structure will have operating leverage of 1.a. Trueb. False

Business
1 answer:
olganol [36]3 years ago
5 0

Answer:

False. This is because 1 is an odd number and that it is too low in value.

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Marcelino Co.'s March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $530,000, and factory payro
shtirl [24]

Answer:

Marcelino Co.

a. Total materials purchases = $530,000

b. Direct materials used in production:

Beginning balance of direct materials = $73,000

Current direct materials used =              442,000

Total materials used in production =    $515,000

c. Direct labor paid and assigned to Work in Process Inventory:

                                        Job 307      Job 308           Total

Beginning Direct labor   $17,000                            $17,000

Current Direct labor       153,000     $102,000     255,000

Total Direct labor         $170,000     $102,000   $272,000

d. Indirect labor paid and assigned to Factory Overhead:

Indirect labor   $28,000

Applied =          $27,720 (99% ($193,000/$195,000))

e. Overhead costs applied to Work in Process Inventory

=

Job 307      Job 308           Total

76,500          51,000     $127,500

f. Actual overhead costs incurred and paid in cash:

Indirect materials                            $51,000

Indirect labor,                                 $28,000

Factory rent,                                  $40,000

Factory utilities,                             $25,000

Total overhead costs =                $144,000

g. Transfer of Jobs 306 and 307 to Finished Goods Inventory:

                                              Job 307      Job 308           Total

Balances on March 31

Direct materials                   $42,000                            $42,000

Direct labor                             17,000                               17,000

Applied overhead                   8,500                                 8,500

Costs during April

Direct materials                  210,000      $100,000     $310,000

Direct labor                         153,000        102,000      255,000

Applied overhead                76,500          51,000        127,500

Total cost                        $507,000     $253,000    $760,000

h. Cost of goods sold for Job 306 = $349,000

i. Revenue from the sale of Job 306 = $700,000

j. Assignment of underapplied overhead to the Cost of Goods Sold account:

Total overhead applied = $179,000

Total overhead incurred = 195,000

Underapplied overhead = $16,000

Explanation:

a) Data and Calculations:

Raw materials Inventory (March 31) $88,000

Purchases of raw materials during April = $530,000

Factory Payroll cost = $386,000

Overhead costs =

Indirect materials                            $51,000

Indirect labor,                                 $28,000

Factory rent,                                  $40,000

Factory utilities,                             $25,000

Factory equipment depreciation, $51,000

Total overhead costs =               $195,000

                                 Job 306      Job 307      Job 308           Total

Balances on March 31

Direct materials        $31,000     $42,000                            $73,000

Direct labor                 21,000        17,000                               38,000

Applied overhead      10,500         8,500                                19,000

Balances                 $62,500     $67,500                           $130,000

Costs during April

Direct materials      132,000      210,000      $100,000    $442,000

Direct labor             103,000      153,000        102,000      358,000

Applied overhead    51,500        76,500          51,000       179,000

Total cost            $349,000   $507,000     $253,000  $1,109,000

7 0
2 years ago
The artisans at Jewelry Junction in Phoenix are preparing to make gold jewelry during a 2-month period for the Christmas season.
SVEN [57.7K]

Answer:

The max revenue is "$32,300". The further explanation is described below.

Explanation:

(a)

The composition as well as response of models within 6 rows seems to be as described in the following:  

Maximum 1650B + 850N + 790P (B bracelets, N necklaces and P pins produce overall revenue)  

Yes of course,

The total gold ounces will be:

⇒  6.3B+3.9N+3.1P < = 125

The total labor hours will be:

⇒  17B+10N+7P < = 320

Integers B, N, P will become  

The response for LINDO is:

B=10.0.

N=0  

P=20  

Final Value of Maximization will be:

= 32,300

(b)

  • 10 bracelets, hardly any necklaces as well as 20 pins should always be made by the shop.  
  • These goods utilizing 125 ounces of gold simultaneously,  
  • It would use 310 hours of labor although 10 hours would then stay unused.  

The maximum salary will become:

= $32,300.

8 0
3 years ago
Senator Brown wants to increase taxes on people with high incomes and use the money to help the poor. Senator Johnson argues tha
Sergeeva-Olga [200]

Answer:

a good decision requires that we recognize both viewpoints

Explanation:

Based on this information it can be said that an economist would most likely state that a good decision requires that we recognize both viewpoints. That is because every decision will affect everyone, but some individuals will be affected positively while others will be affected negatively. Therefore trying to recognize the viewpoint of both sides will allow for decisions that are as fair as possible to both sides.

6 0
2 years ago
Assume that you are the project manager for the construction of a 15-mile road. Further, assume that the work is uniformly distr
AfilCa [17]

Answer:

$200,000

Explanation:

This involves revenue recognition based on percentage of work completed (cost to completion technique). Revenue to be recognized per time is assessed based on the level of cost incurred compared with the total cost to be incurred.

Given that the total approved budget for the project is $600,000, If at the end of the first three weeks of work, $160,000 has been spent, and five miles of road have been completed for a  a 15-mile road, the earned value of the project at the end of the first three weeks

= 5/15 * $600,000

= $200,000

3 0
3 years ago
Please select the GDP calculation method that best fits each of the given definitions. This method takes into account payments r
gulaghasi [49]

Answer:

income approach

Explanation:

The income approach method for calculating the GDP adds the factor incomes to the factors of production. It uses an approach similar to general accounting procedures since the total amount of the expenditures = total income. It divides the economy into four major factors of production or sources: wages, rents, interest and profits.

5 0
2 years ago
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