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2 years ago

List the steps in the PACED decision-making process.

Business

2 answers:

olga nikolaevna [1]2 years ago

4 0

Answer:

Identify the Problem.

List the Alternatives.

List the Criteria.

Evaluate the alternatives.

Make a Decision.

Problem - Alternatives - Criteria - Evaluate - Decision

Rudiy272 years ago

3 0

Decision Making Steps:

1. Identification of Problems

2. Identifying Information

3. Make predictions that are likely to occur

4. Make a decision from the alternatives

5. Evaluate the results against the predections made

Explanation:

1. Decision Making is an action that determines the results in solving problems by choosing a course of action among several alternatives that exist through a mental process and logical thinking and also considers all alternative choices that have a negative or positive influence.

Learn More:

1. Decision making steps brainly.com/question/13983891

2. Understanding Decision Making brainly.com/question/1031435

Details:

Grade: Middle School

Subject: Business

Keyword: Making Process

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Plant-wide, department, and activity-cost rates. Acclaim Inc. makes two styles of trophies, basic and deluxe, and operates at ca

Elena L [17]

Answer:

Acclaim Inc.

Basic Trophies Deluxe Trophies

Budgeted unit cost:

a. using single-plant o/h rate $17.60 $28.80

b. using departmental rates $17.42 $29.16

c. using ABC $18.26 $27.48

d. They show different costs because the overhead rates are based on different parameters.

I recommend ABC system. It is more fair because the overhead rates are based on product line's activity usage instead of an arbitrary figure.

Explanation:

a) Data and Calculations:

Basic Trophies Deluxe Trophies Total

Budgeted production 10,000 5,000 15,000

Batches 200 50 250

Basic Trophies Deluxe Trophies Total

Forming Department $60,000 $35,000 $95,000

Direct manufacturing labor $30,000 $20,000 $50,000

Assembly

Direct materials $5,000 $10,000 $15,000

Direct manufacturing labor 15,000 25,000 40,000

Total direct costs $110,000 $90,000 $200,000

Overhead costs 66,000 54,000 120,000

Total production costs $176,000 $144,000 $320,000

Budgeted production 10,000 5,000

Budget unit costs $17.60 $28.80

Overhead rate

Total overhead/total direct costs = $120,000/$200,000 = $0.60

Basic Deluxe Total

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Forming department:

Overhead costs Setup $48,000

General overhead $32,000

Total overhead costs $80,000

Overhead rate = $80,000/$145,000 = $552

Assembly department

General overhead $40,000/$55,000 = $0.727

Basic Trophies Deluxe Trophies Total

Forming Department $60,000 $35,000 $95,000

Direct manufacturing labor $30,000 $20,000 $50,000

Total direct costs $90,000 $55,000 $145,000

Overhead costs 49,680 30,360 80,040

Total departmental costs $139,680 $85,360 $225,040

Assembly

Direct materials $5,000 $10,000 $15,000

Direct manufacturing labor 15,000 25,000 40,000

Total direct costs $20,000 $35,000 $55,000

Overhead costs 14,540 25,445 39,985

Total departmental costs $34,540 $60,445 $94,985

Total production costs $174,220 $145,805 $320,025

Budgeted production 10,000 5,000

Budget unit costs $17.42 $29.16

Basic Trophies Deluxe Trophies Total

Forming Department $60,000 $35,000 $95,000

Direct manufacturing labor $30,000 $20,000 $50,000

Assembly

Direct materials $5,000 $10,000 $15,000

Direct manufacturing labor 15,000 25,000 40,000

Total overhead allocated $72,600 $47,400 $120,000

Total production costs $182,600 $137,400 $320,000

Budgeted production 10,000 5,000

Budget unit costs $18.26 $27.48

Overhead costs allocation:

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Forming department:

Overhead costs Setup $48,000/250 $38,400 $9,600 $48,000

General overhead $32,000/$50,000 19,200 12,800 32,000

Assembly department

General overhead $40,000/$40,000 15,000 25,000 40,000

Total overhead allocated $72,600 $47,400 $120,000

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2 years ago

Dexter Industries purchased packaging equipment on January 8 for $72,000. The equipment was expected to have a useful life of th

Flauer [41]

Answer:

<h2>Dexter Industries</h2>

1. Depreciation Expense for the three years ending December 31:

i) Straight-line Method:

Depreciation charge = (Cost - Residual Value)/Useful life

= Depreciable amount/useful life

Annual Depreciation = ($72,000 - $4,500)/3 = $22,500

Depreciation Expense:

Year 1 $22,500

Year 2 $22,500

Year 3 $22,500

ii) Units-of-Activity Method

Depreciable amount x (hours used/useful life in hours)

or Depreciable amount per hour x hours used

Depreciable amount = $72,000 - $4,500 = $67,500

Depreciation Expense:

Year 1 $28,500 (7,600/18,000 x $67,500) or 7,600 x $3.75

Year 2 $22,500 (6,000/18,000 x $67,500) or 6,000 x $3.75

Year 3 $16,500 (4,400/18,000 x $67,500) or 4,400 x $3.75

iii) Double-Declining-Balance Method

Steps:

Divide 100/useful life = 33.33333%. This is the straight-line percentage.

Multiply this by 2, to obtain the percentage for double-declining method.

This gives 66.66666%

Depreciation Expenses:

Year 1 = $48,000 ($72,000 x 66.66666%)

Year 2 = $16,000 (($72,000 - $48,000) x 66.66666%))

Year 3 = $3,500 not $5,000 (($72,000 - $48,000 - $16,000) x 66.66666%))

The last year's depreciation cannot exceed the book value less the residual value.

1B) Total Depreciation Expense for the three years by each method:

i) Straight-line Method

Total Depreciation = $22,500 x 3 = $67,500

ii) Units-of-Activity Method

Total Depreciation = $67,500 ($28,500 + 22,500 + 16,500)

iii) Double-Declining-Balance Method

Total Depreciation = $67,500 ($48,000 + 16,000 + 3,500)

2. The method that yields the highest depreciation expense for Year 1:

The Double-Declining-Balance Method

3. The method that yields the most depreciation over the three-year life of the equipment:

None. They yield the same total depreciation because of the presence of the residual value.

Explanation:

1) Cost of Equipment = $72,000

Useful Life = 3 years or 18,000 operating hours

Residual Value = $4,500

2) Depreciation is systematic reduction of the recorded cost of a long-term asset until the asset's value becomes zero or negligible. It is an accounting estimate based on the entity's judgement. It is a way of spreading the cost of a noncurrent asset in accordance with the accrual concept and matching principle over the periods that benefit from the long-term asset. There are many methods which can be adopted.

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2 years ago

When travelers are bumped from overbooked flights, they are frequently offered vouchers good for future travel. The dollar value

earnstyle [38]

Answer:

The correct answer is letter "E": distributive fairness.

Explanation:

Distributive fairness is what is fair and correct regarding benefits assignation to a certain group. The principles of distributive fairness are ruling principles designed to guide the benefits of assignation and load of economic activity. English philosopher Thomas Hobbes <em>(1588-1679)</em> used to relate the principle of distributive fairness with the right of each individual to ensure self-preservation, something that included food, water, clothing, and somewhere to live.

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2 years ago

A change in depreciation method is treated as a change in estimate that is achieved by a change in accounting principle, and is

viktelen [127]

A change in depreciation method is treated as a change in estimate that is achieved by a change in accounting principle, and is accounted for prospectively in the current and future periods.

The rules and regulations that businesses and other organizations must abide by when reporting financial data are known as accounting principles. These regulations standardize the terminology and procedures that accountants must employ, making it simpler to analyze financial data.

A unified set of accounting guidelines, methods, and standards known as generally accepted accounting principles (GAAP) were released by the Financial Accounting Standards Board (FASB).

The consistency that accounting principles establish enables more accurate and effective viewing of financial statements and reporting for businesses.

Learn more about accounting principles here

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1 year ago

NEED HELP ASAP THANK YOU

solniwko [45]

Answer:

Explanation:

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2 years ago