The __________ is a passive, yet independent critical thinker.

Which career advancement tool serves as a collection of various aspects related to your professional life?

Digiron [165]

Answer:

Career portfolio

Explanation:

8 0

3 years ago

Hayes Inc. provided the following information for the year 2015:

zysi [14]

Answer: The unit Product cost is $32.09

Explanation:

$

Add : Direct Material. 35

Add: Direct Labour 16

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

Prime Cost. 51

Add: variable manufacturing overhead. 15

Add: Fixed manufacturing overhead. 24,000

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

Production cost. 24,066

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

To determine the unit Product cost for the year we will divide the production cost by the unit produced

Production cost ÷ unit produced

Since the the production cost is $24,066 and unit produced is 750unit

24,066÷ 750

= 32.088

= 32.09

Therefore the unit Product cost is $32.09

7 0

3 years ago

Northstar Company uses ABC to account for its chrome wheel manufacturing process.

Gwar [14]

Answer:

Instructions are below.

Explanation:

First, we need to calculate the predetermined overhead rate for each activity:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Materials handling= 12,000/3,000= $4 per part

Machine setup= 3,400/10= $340 per setup

Insertion of parts= 48,000/3,000= $16 per part

Finishing= 80,000/2,000= $40 per finishing direct labor hour

Job 420 used 150 parts, required 2 setups and consumed 100 finishing hours.

Job 510 used 500 parts, required 4 setups and consumed 310 finishing hours.

To allocate costs, we need to use the following formula:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Job 420:

Materials handling= 4*150= $600

Machine setup= 340*2= $680

Insertion of parts= 16*150= $2,400

Finishing= 40*100= $4,000

Total allocated cost= $7,680

Job 510:

Materials handling= 4*500= $2,000

Machine setup= 340*4= $1,360

Insertion of parts= 16*500= $8,000

Finishing= 40*310= $12,400

Total allocated cost= $23,760

6 0

3 years ago

If investors receive shares of stock in companies that they fund on crowdfunding websites like Kickstarter, would their investme

garik1379 [7]

Answer:

Yes, because it is an investment of money in a common enterprise and the investors expect profit from the efforts of others.

Explanation:

In the case when the investor would received the shares of the companies and that should be funded on the website of crown funding so this would be considered as securities as this a money investment that to be made in a common enterprise also the investor expected the profit. In addition to this, the SEC permits the equity crowdfunding with effective from May 2016

Therefore the first option is correct

3 0

4 years ago

At each calendar year-end, Mazie Supply Co. uses the percent of accounts receivable method to estimate bad debts. On December 31

polet [3.4K]

Answer:

Explanation:

The journal entries are shown below:

(a) a $415 credit balance before the adjustment.

Bad debt expense A/c Dr $685

To Allowance for Doubtful Accounts $685

(Being bad debt expense recorded)

Since the allowance for doubtful debts have a credit balance so this amount will be deducted. The computation is shown below?:

= (Outstanding accounts receivable × uncollectible rate) - credit balance

= ($55,000 × 2%) - $415

= $1,100 - $415

= $685

(b) a $291 debit balance before the adjustment.

Bad debt expense A/c Dr $1,391

To Allowance for Doubtful Accounts $1,391

(Being bad debt expense recorded)

Since the allowance for doubtful debts have a debit balance so this amount will be added. The computation is shown below?:

= (Outstanding accounts receivable × uncollectible rate) + debit balance

= ($55,000 × 2%) + $291

= $1,100 -+$291

= $1,391

6 0

3 years ago