We are need skills to be able to do work. The above means that the leader’s management or organizing skills are particularly important.
<h3>The act of Organizing</h3>
- Organizing is simply known as when one is involve in assigning tasks, giving tasks into departments, sharing authority, and allocating resources etc. in all aspect of the organization.
During the organizing process, managers coordinate employees, resources, policies, and procedures to facilitate the goals identified in the plan.
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Based on the number of bikes produced and the costs incurred, the cost per bike would be<u> $85 per bike. </u>
First find the total cost of producing all the bikes.
<h3>Total cost of production </h3>
= Direct materials + Direct labor + Factory overhead
= 6,000 + 2,000 + 9,000
= $17,000
<h3>What is the cost per Bike?</h3>
= Total cost of production / Number of bikes
= 17,000 / 200
= 85 bikes
In conclusion, it was $85 per bike.
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I believe this question has the following figure to go with
(see attached pic).
Producer surplus is the difference in the amount the
producers are receiving for a product and the baseline that they would really
accept to keep or maintain a certain supply level. At a level of $400, the
surplus is $200 as we can see at point 2.
Answer:
$200
Answer:
$5,220
Explanation:
The computation of the bad debt expense for the period end adjustment is shown below:
= Allowance of bad debts + credit balance of Allowance for Doubtful Accounts
where,
Allowance of bad debts = 2% × $249,000 = $4,980
And, the credit balance of Allowance for Doubtful Accounts is $240
Now put these values to the above formula
So, the value would equal to
= $4,980 + $240
= $5,220
The journal entry is shown below:
Bad debt expense A/c Dr $5,220
To Allowance for Doubtful Accounts $5,220
(Being bad debt is recorded)