Answer:
see explanation
Explanation:
<em>Hi, your question is incomplete, I tried to look for it online but I could not find it. Here is an explanation on the steps to solve the problem.</em>
Step 1 : Determine the Total Materials Cost
Total Materials Cost
Opening WIP cost $310,000
Costs added during the period $40500
Total $350,500
Step 2 : Total Equivalent units for materials
Equivalent units for materials = Completed units + Equivalent units in ending work in process inventory.
Step 3 : Unit equivalent cost for materials
Unit equivalent cost = Total Cost ÷ Total equivalent units
Step 4 : ending work in process inventory cost
Ending work in process inventory = Unit equivalent cost x equivalent units in ending work in process with respect to materials
Answer: a). Debit Factory Payroll Payable $160,000; credit Cash $160,000.
Explanation: Direct labor refers to the manpower used in production. They are the factory workers involved in using the raw materials to produce finished goods.
Expense on direct labor is provided for during the production by a debit to factory payroll expense and a credit to factory payroll payable.
As such, the journal entry will be a debit to factory payroll payable $160,000 and a credit to cash $160,000. This means cash will reduce by $160,000 as the factory workers are paid while payables which is a provision account will reduce as well on the cash book by the same amount.
Answer:
The correct answer is Banks view franchises as having fewer risks than other start-up businesses.
Explanation:
Franchising as an investment opportunity offers great advantages over other systems, this is an attractive alternative to develop a business; However, it will always be necessary to consider the pros and cons, before making a decision to franchise my business or not.
When I evaluate the possibility of franchising my business I have to be willing to assume a greater or lesser risk, that is, I am free to choose how much risk I am willing to accept in the development of my business model under the franchise scheme, and it is precisely this knowledge of the situation, which allows us to make the best decision about whether to expand my business (and under what conditions) or on the contrary wait for the business model to be at a more advanced stage of maturity before starting a project of franchise development.
Answer:
Modular product design
Explanation:
Modular product design is a term used to describes a method or strategy of developing a product, by breaking the product's development into separate parts often referred to as modules, specifically according to their functions and operations such that these modules can be developed separately.
Hence, in this case, to develop a product that can easily be configured in a wide variety of ways. The design approach would be best be Modular product design
