Answer:
metropolitan .....................................
Answer:
Harold will include the entire amount of each annuity payment in gross income after he recovers the cost of the annuity.
Answer:
1.Product cost= 778100
2.Period cost = 393700
3. Product cost= 828300
4. Period cost= 368300
Explanation:
1. Total manufacturing cost per unit =
Direct material cost per unit + Direct labor cost per unit + Variable manufacturing overhead per unit + Fixed manufacturing overhead per unit.
= 8.90 + 5.90 + 3.40 + 6.90
= 25.1 per unit.
Product cost = units produced * cost per unit = 31000 * 25.1 = 778100
2. Period cost= units sold * ( Fixed and variable selling and administrative expense per unit+sales commission per unit)
= 31000 * ( 5.40+ 4.40 +2.90)
= 31000 * 12.7
= 393700.
3. Product cost = units produced * product cost per unit = 33000* 25.1=
828300.
4.Period cost = units sold * ( Fixed & variable selling and administrative cost per unit.
= 29000 * 12.7
= 368300
Answer: Impairment loss of $145,100
Explanation:
First find the Net book value:
= Cost - Accumulated Depreciation
Depreciation = (791,000 - 75,000) / 20
= $35,800
Net Book value = 791,000 - (35,800 * 10.5 years)
= $415,100
Find Net Realizable Value which is the lower amount between the future net cash flows and fair value.
= $270,000
Impairment loss = Net realizable value - Book value
= 270,000 - 415,100
= ($145,100)
Answer:
Process-oriented.
Explanation:
A functional (departmental) organizational structure is a type of structure used to organize staffs by dividing them into various departments based on their skill set, roles or functions and knowledge.
These departments which are vertically structured may include, finance, IT, sales and marketing, research and development, customer service etc. Also, the various departments are headed by a functional manager who are saddled with the responsibility of overseeing, managing and reporting to the executive management.
Similarly, a type of layout in the manufacturing process that features departments or other functional groupings in which similar activities are performed is generally referred to as being process-oriented.
One of the main advantages of a process-oriented layout is that it mitigates or reduces difficulties associated with material flow variability for a product.