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3 years ago

14

___________ is the idea that a large production-related task can be completed more efficiently by breaking it into smaller tasks

and having each task completed by a specialist.

1 answer:

Murljashka [212]3 years ago

4 0

Division of labor is the correct answer

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Duve Corporation has provided the following contribution format income statement. Assume that the following information is withi

boyakko [2]

Answer:

(C) $10,400

Explanation:

We know that,

The net income = Sales - variable cost - fixed expense

Since, the sales units are decreased by 200 units, so new sales units is 1,800 units

And, the sales per unit is increased by 4 So, the sale per unit equals to

= Total sales ÷ number of units

= $40,000 ÷ 2,000 units

= $20

So, new sales per unit is $24

So, the new sales

= Sales units × selling price per unit

= $1,800 × $24 = $43,200

The variable cost = Sales units × variable cost per unit

where,

Variable cost per unit = Total variable cost ÷ number of units

= $24,000 ÷ 2,000 units

= $12

So, the new variable cost equals to

= 1,800 units × $12

= $21,600

And the fixed expense would remain the same

So, the net income would be equal to

= $43,200 - $21,600 - $11,200

= $10,400

4 0

4 years ago

On October 1, Lawrence Company borrowed $60,000 from Fourth National Bank on a 1-year, 7% note. If the company's fiscal year end

Olegator [25]

Answer:

Lawrence should make an entry to increase c. interest payable, $1,050

Explanation:

The interest amount Lawrence Company had to pay for the note:

$60,000 x 7% = $4,200

In Lawrence's fiscal year ends on December 31, following 3 months of borrowing the $60,000. Following the Accrual basis, the company should make an adjustment entry to record interest expense with amount:

$4,200/12 x 3 = $1,050

The entry:

Debit Interest expense $1,050

Credit Interest payable $1,050

7 0

4 years ago

The short-run effects of an increase in the expected price level include a. a lower level of output and a lower price level. b.

maria [59]

Answer: Option (b) is correct.

Explanation:

Correct option: A lower level of output and a higher price level.

If there is an increase in the expected price level, as a result short run aggregate supply curve shifts leftward. Therefore, this shift in aggregate supply curve will increase the price level and reduces the level of output in an economy. The long run supply curve will be unaffected by any change in the expected price level.

3 0

3 years ago

Prior to the adjusting process, accrued revenue has___________.

Sladkaya [172]

Answer:

a.been earned and not recorded as revenue

Explanation:

An accrued revenue is one that has been earned by giving a good or service and for which no revenue has been received and is recorded as receivables and balances and reflects the amount of the money that customers owe.

4 0

3 years ago

Pallen Company estimated sales of 11,000 units at $40 each, unit cost of goods sold of $22, marketing expense of $65,000 and a 1

kirza4 [7]

Answer:

D. $109,000

Explanation:

The total selling expense which is an element of the income statement is the sum of the marketing expense and the sales commission.

The sales commission as given is a percentage of the number of units sold.

Total selling expense

= $65,000 + (10% * $40 * 11,000)

= $65,000 + $44,000

= $109,000

5 0

4 years ago