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3 years ago

How did rogo improve his factory's performance on each of these dimensions?

1 answer:

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He took the advice from Jonah. The way he improved included many steps. First he increased throughput by getting cash while staying in the plant. He managed to deliver all the overdue orders which also helped him getting rid of the excess inventory which was a natural result of more sales. Secondly he reduced the inventory by changing the production process. The plant produced more of those parts which were in demand or which were overdue instead of those excess parts which were occupying the inventory and slowing down the progress.

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Based upon the following data, what is the cost of the land? Land purchase price $196,981 Broker's commission 18,718 Payment for

dexar [7]

Answer:

$219,084

Explanation:

The cost of the land to be recorded includes the purchase price of the land as well as other cost incurred in the process of making the land available for use.

Any amount received as a result of this purchase in form of rebates and discounts will be deducted from the cost.

Hence the cost of the land

= $196,981 + $18,718 + $3,885 - $500

= $219,084

8 0

3 years ago

A company uses cash to pay all of the following excepta. All of these choices are correct.b. interest to creditorsc. dividends t

never [62]

Answer:

d. depreciation expense

Explanation:

The expenses which are paid by cash reduced the cash balance displayed in the balance sheet . Like interest to creditors, stockholders dividend, wages expenses, miscellaneous expenses, admin expenses, etc. These expenses can be paid either by cash or by bank account .

But the depreciation expense is a non - cash expense which reduces the fixed asset balance over the fixed asset useful life. Plus this is shown in the income statement on the debit side. Like this other examples would be goodwill impairment, amortization expenses, etc.

3 0

3 years ago

Ashton Construction assembles residential houses. It uses a job-costing system with two direct-cost categories (direct materi

Dimas [21]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

In December 2016, Ashton budgeted 2017 assembly-support costs to be $8,300,000 and 2017 direct labor-hours to be 166,000.

With this information, we can calculate the budgeted indirect cost rate. However, we can't calculate the actual indirect cost rate. I will provide the formula for both and a small example of the actual indirect cost rate.

To calculate the budgeted indirect cost rate, we need to use the following formula:

Budgeted indirect cost rate= total estimated indirect costs for the period/ total amount of allocation base

Budgeted indirect cost rate= 8,300,000/166,000= $50 per direct labor hour.

Let's suppose that actual indirect cost was of 8,000,000 and actual direct labor hours of 175,000:

Actual indirect cost rate= total actual indirect costs for the period/ total amount of allocation base

Actual indirect cost rate= 8,000,000/175,000= $45.71 per direct labor hour

7 0

3 years ago

The following account appears in the ledger prior to recognizing the jobs completed in January: Work in ProcessBalance, January

exis [7]

Answer:

Year-end WIP 62,200

jounral entry for completed jobs:

-------------------------------------

Finished Good Inventory 1,149,800 DEBIT

WIP inventory 1,149,800 CREDIT

-------------------------------------

Explanation:

WIP

Beginning $ 72,000

Materials $ 390,000

Labor $ 500,000

Overhead $ 250,000

Total WIP $ 1,212,000

Finished Jobs:

Job 210 $ 200,000

Job 224 $ 225,000

Job 216 $ 288,000

Job 230 $ 436,800

Total $ 1,149,800

the jobs complete will move to finished good and credit WIP inventory

WIP year-end:

1,212,000 - 1,149,800 = 62,200

7 0

3 years ago

MaltHanks Inc., a leading American firm, starts its operations in China. It incurs a lot of additional costs in comparison to th

asambeis [7]

Answer: Liability of foreignness

Explanation: In simple words, the extra cost incurred by a company operating in a foreign country as compared to the local companies over there is called the liability of foreignness.

In the given case, the American company incurred extra cost in china due to their lack of local knowledge and discrimination from the locals.

Thus, from the above we can conclude that Malt hanks faced liability of foreignness.

5 0

3 years ago