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Readme [11.4K]
3 years ago
5

While planning a new product launch, Cassandra knew that the art department was ready to work on the promotional pieces right aw

ay. But they are not able to start until the strategy group established the price point and the purchasing group obtained the paper needed to make the promotional piece. Establishing price points would take about a week and was dependent on manufacturing getting the costs to the strategy group. This was expected a week from today. The purchasing group indicated the paper could be obtained locally the same day it was requested. Based on this information and assuming things go according to plan, when will the art department be able to begin work on the promotional pieces?
Business
1 answer:
Wewaii [24]3 years ago
7 0

Answer:

After 2 weeks.

Explanation:

In this situation, the art department is fully dependent on Promotional Pieces because they have to work on it.

  • To buy Promotional pieces they need one week To maintain their cost and strategies to buy Promotional pieces.
  • After that, the Art Department needs to know about The selling price of the commodity to mention on Promotional paper but here strategy group department needs one week to Find manufacturing cost.

Therefore, the art department will begin after two weeks.

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At Jacobson Company, indirect labor is a variable cost that varies with direct labor-hours. Last month’s performance report show
mezya [45]

Answer:

Flexible budget cost formula for indirect labor is  $0.25 per DL hours

Explanation:

Flexible budget cost for indirect labor = Actual indirect labor cost + Associated spending variance

= $5,780 + $245

= $6,025

Flexible budget cost formula for indirect labor= Flexible budget cost for indirect labor / Direct labor-hours

= $6,025 / 24,100 DL hours

= $0.25 per DL hours

6 0
4 years ago
Factory Overhead Cost Variances Blumen Textiles Corporation began April with a budget for 43,000 hours of production in the Weav
stich3 [128]

Answer:

a. Controllable Variance  = 3,800  <u>(</u>Favorable)

b. Volume Variance = 21,600 (Unfavorable)

Explanation:

a. Controllable Variance

Actual variable factory Overhead( 251,800 - 102,600)           149,200

<u>Standard Variable factory Overhead at actual Production</u>

Standard Hours at actual Production (A)                     45,000

Variable Factory overhead Rate (B)                           <u>   3.4    </u>

(146,200/ 43,000)

Standard variable factory Overhead (A*B)                                 <u>153,000</u>

Controllable Variance                                                                <u> 3,800 </u>F

b. Fixed factory Overhead volume variance

Volume variance:

Volume at 100% of normal capacity                   57,000

Less: Standard hours                                           <u>45,000</u>

                                                                              12,000

Fixed Overhead rate (B) (102,600/ 57,000)      <u>    1.8  </u>

Volume Variance (A*B)                                       <u>21,600 </u>(Unfavorable)

5 0
3 years ago
12-month bank loan in the amount of $45,000 had been obtained by the country club on November 1. Interest is computed at an annu
Thepotemich [5.8K]

Answer:

Debit: $300

Credit: $300

Explanation:

See attached picture for explanation.

7 0
3 years ago
When capital is plotted on the vertical axis and labor is plotted along the horizontal​ axis, the marginal rate of technical sub
vazorg [7]

Answer: D. All of the above are correct.

Explanation:

The marginal rate of technical substitution (MRTS) refers to the economic theory which explains the rate at which a particular factor of production must reduce in order for the same level of productivity to be maintained when there's another production factor which is increased.

When the capital is plotted on the vertical axis and labor is plotted along the horizontal​ axis, then the marginal rate of technical substitution​ of labor for capital along a convex isoquant will reduce as more and more labor is used. Also, the MRTS equals the negative of the slope of the isoquant and equals the marginal product of labor divided by the marginal product of capital that's MRTSL,K=-MPL/MPK

Therefore, the correct option is All of the above.

7 0
3 years ago
Timothy was driving his friend Nick to football practice. While driving, he was hit by a driver who had coverage of 100/300/50.
Art [367]

Answer:

A) The policy would provide a maximum of $100,000 for each person who was injured, and no more than $300,000 for total injuries of all parties in the accident.

Explanation:

The auto liability insurance policy held by the driver is an example of a split limit liability insurance. The split limit insurance of 100/300/50 is explained thus:

$100,000 - bodily injury liability insurance per person

$300,000 - Total bodily injury liability insurance per accident

$50,000 - Property damage liability per accident.

6 0
4 years ago
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