Answer:
a. Total number of budgeted direct labor hours for the year = Direct labor hours for night lights + Direct labor hours for desk lamps
= 30,000*1/2 + 40,000*2
= 15,000 + 80,000
= 95,000 hours
b. Single plant-wide factory overhead rate using direct labor hours = Budgeted factory overhead / Budgeted factory hours
= $403,750 / 95,000 hours
= $4.25 per hour
c. Per unit factory overhead = Number of hours required to complete one unit * Factory overhead rate per hour
<u />
<u>Night light</u>
Per unit factory overhead = 0.5 * 4.25
Per unit factory overhead = $2.125 per unit
<u>Desk lamp</u>
Per unit factory overhead = 2 * 4.25
Per unit factory overhead = $8.50 per unit
Answer:
Kate is most likely to Provide a fast response to the customer using customer care software.
Explanation:
Customer Service Executives job is to handle phone, internet etc, interactions with customers. They manage client claims, complaints and process customer orders.
She received a complaint from Mike(who is a customer) about an unnecessary deduction of $10 from his phone credit. If Kate is going to follow her job protocol, she need to provide fast, accurate and precise response to Mike(the customer) using the company customer care software.
Using the software and her knowledge of customer service she should be able to offer a professional approach in answering mike and provide information about the deduction.
Answer: True. Indirect Denial method should be considered before direct method.
Explanation: The indirect denial method of dealing with a customer is a method in which the customer is first agreed with when expressing a wrong objection. In this method, the customer's argument is first held to be valid, and this is done in order to create a level of trust or confidence with the customer.
After rapport has been established, evidence can then be brought to dispute the customer's claims.
By using the method, the customer doesn't feel threatened or alarmed from the onset and a heated argument will be avoided.
Direct denial method is the opposite of indirect denial method, in this case, strong arguments are used to oppose a customer's claims to show that they have made a mistake.
Answer:
<u>price of the average transaction multiplied by the number of transactions must double</u>
Explanation:
This follows the principle of the Quantity theory of money. Thus according to this theory when the rate of change of the transactions of money in an economy has remain constant or unchanged, while the supply of increases twice as before it will result in a situation where;
the price of the average transaction multiplied by the number of transactions must double because of increase supply of money.
This simply implies that the more money in circulation, the more the price of goods and services in an economy.
Complete Question:
The O'Hara, Parness, and Lincoln partnership balance sheet reports capital of $50,000 for O'Hara, $125,000, for Parness, and $25,000 for Lincoln. O'Hara is withdrawing from the firm. The partners have shared profits and losses in the ratio of 1/2 to O'Hara, 1/4 to Parness, and 1/4 to Lincoln. The partnership agreement states that a withdrawing partner will receive cash equal to the book value of his partners' equity. Journalize the withdrawal of O'Hara.
Answer:
The O'Hara, Parness, and Lincoln Partnership
Journal Entry:
Date Description Debit Credit
O'Hara Capital A/c $50,000
Cash Account $50,000
To record the withdrawal of O'Hara and his capital interest.
Explanation:
The Partnership of O'Hara, Parness, and Lincoln can use the journal entry as above to record the withdrawal of a partner. The O'Hara's Capital account previously had a credit balance and cash will be involved in settling O'Hara, the journal entries to complete the withdrawal of O'Hara are a debit to the O'Hara's Capital account and a credit to the Cash account. This arrangement is in accordance with the partnership agreement. This is the most important governing law for the partnership and everything or transaction affecting the partnership must be done accordingly. It is only in the absence of an agreement that the laws or general practise concerning partnership can be applied.
