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satela [25.4K]
3 years ago
7

Kirkaid Company recorded the following transactions for the just completed month:

Business
1 answer:
Illusion [34]3 years ago
6 0

Answer:

The correct answer is $5,000.

Explanation:

According to the scenario, the given data are as follows:

Total raw material = $118,000

Direct material = $89,000

So, Indirect material = Total raw material - Direct material = $118,000 - $89,000

= $29,000

Total labor = $142,000

Direct labor = $122,000

So, Indirect labor = Total labor - Direct labor = $142,000 - $122,000

= $20,000

Additional actual manufacturing OH = $214,000

Applied manufacturing OH = $268,000

So, we can calculate the underapplied or overapplied overhead for the month by using following formula:

Underapplied or overapplied overhead = Applied manufacturing OH - Actual OH

= $268,000 - ( $29,000 + $20,000 + $214,000)

= $268,000 - $263,000

= $5,000

Hence, the overapplied overhead is $5,000.

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For an analysis of the salaries of your​ company, you plot the salaries of all employees against the number of years they have w
Arisa [49]

Answer:

1. That values that you must plot are:

  • (1, 4.08))
  • (20, 5.08)
  • (40, 6.18)

2. Yes, the plot of those three points is straight enough.

Explanation:

<em><u>A. What are the values you will​ plot? </u></em>

The x-ccordinate of your plot is still the number of years the exmployees have worked for the company.

The y-coordinate of your plot is the the​ base-10 logarithm of  the salary.

Therefore:

<u>1) A​ part-time shipping​ clerk</u>: 1 year, $12,000

           ⇒     (1,log_{10}12,000)=(1,4.08)

<u>2) A manager</u>: 20 years, $120,000

  ⇒     (20,log_{10}120,000)=(20,5.08)

<u>3) The​ CEO</u>: 40 years​ ago, $1,500,000

  ⇒     (40,log_{10}1,500,000)=(40,6.18)

Summarizing, the points to plot are:

  • (1, 4.08)
  • (20, 5.08)
  • (40, 6.18)

<u><em>B. Will the plot of these three points be straight​ enough?</em></u>

To find whether the plot is straight enoguh, you may either plot them, make a regression, or, since they are only three points, you can whether the change of rate of the points is constant.

  • <u>Change of rate of the first two points, r</u>:

       r = rise/run = Δy / Δx = (5.08 - 4.08) / (20 - 1) =1.00/19 ≈ 0.05

  • <u>Change of rate of the second and the third points, r</u>:

       r = rise/run = Δy / Δx = (6.18 - 5.08) / (20 - 1) = 0.05

Since both rate of changes are equal (or reasonably equal) the plot is  straight enough.

4 0
2 years ago
Various studies indicate that cost savings from a TMS helps an organization reduce freight costs by:____
sveta [45]

Answer:

6 - 10%

Explanation:

The full form of a TMS system is Transportation management system. It is majorly used in supply chain system in large organizations. It is considered to be one of the major technologies that is used in the supply chain management.

It is a logistic platform which used the technology to execute business plan and optimize the movements of incoming and outgoing  of the goods and materials to make the shipment process more efficient and smooth.  

In various studies made, it has been indicated or determined that a TMS system helps the organization to reduce the freight cost by 6 - 10 percent.

7 0
2 years ago
Mich Inc., a hardware store, has a rating system in place that rates employees on their friendliness, usefulness, and product kn
makvit [3.9K]

Answer:

Customer-focused compensation strategy

Explanation:

Customer-focused compensation strategy is the rating system where the employees are rated based on the way customers are being serviced. In this scenario, Mich Inc. is rating its employees on their friendliness, usefulness, and product knowledge, so the compensation strategy followed by Mich is closely described as a customer-focused strategy.

7 0
3 years ago
Question 4 of 20
Eduardwww [97]
The percentage of 250000 to 180000 is 72% or answer D
6 0
1 year ago
Beautiful Lawns Company estimates its doubtful accounts by aging its accounts receivable and applying percentages to various age
mr_godi [17]

Answer:

$3,000

Explanation:

Calculation to determine How much bad debts expense will Beautiful Lawns report in 2016

Using this formula

Bad debts expense=Estimated doubtful accounts -Allowance for Doubtful Accounts credit balance

Let plug in the formula

Bad debts expense=$3,600-$600

Bad debts expense=$3,000

Therefore The amount of bad debts expense that Beautiful Lawns will report in 2016 is $3,000

8 0
2 years ago
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