1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
fomenos
3 years ago
10

Beginning inventories: Raw materials $ 40,000 Work in process $ 19,000 Estimated total manufacturing overhead at the beginning o

f the year $595,000 Estimated direct labor-hours at the beginning of the year 35,000 direct labor-hours Results of operations: Raw materials purchased on account $ 423,000 Raw materials (all direct) requisitioned for use in production $ 420,000 Direct labor cost $ 641,000 Actual direct labor-hours 33,000 direct labor-hours Manufacturing overhead: Indirect labor cost $ 143,000 Other manufacturing overhead costs incurred $ 531,000 Cost of goods manufactured $1,441,000 The ending balance in the Work in Process inventory account is:
Business
1 answer:
madam [21]3 years ago
4 0

Answer:

youcant

Explanation:

bc

You might be interested in
Wisteria Co. produces snowboards and uses a standard cost system. Variable overhead is applied using direct labor hours. Standar
Ket [755]

Answer:

Variable overhead rate variance = $2,870 favorable

Explanation:

Variable overhead rate variance is the difference between the standard cost allowed for variable production overhead and the actual variable cost incurred.

This computed as follows:

                                                                                    $

17,130 hours should have cost ( 17,130 ×7.20)      123336

but did cost                                                            <u>120,466</u>

Variable overhead rate variance                           <u>  2870 </u> Favorable

Variable overhead rate variance = $2,870              

6 0
3 years ago
1. How do customers judge the quality of a supermarket? 2. Indicate how and why each of these factors is important to the succes
kirza4 [7]

Answer:

1. How do customers judge the quality of a supermarket?

They judge the quality of a supermarket depending on their values and most urgent needs.

Customers who value quality, and even luxury, will say that a good supermarket is one that offers high quality products.

Customers who value price, will prefer a low-cost supermarket.

2. Indicate how and why each of these factors is important to the successful operation of a supermarket:

a. Customer satisfaction - a very important factor because it determines how well the supermarket is serving its customers.

b. Forecasting - the supermarket needs to forecast all sorts of things, from, sales forecasts, to profit forescasts, to costs forecasts.

c. Capacity planning - the supermarket needs to know what it is actually able to do, and what projects it can embark on, for this, it needs to do a lot of capacity planning.

d. Location - Location is extremely important for a supermarket. It determines a large part of the customer demand because customers prefer supermarkets to be close to where they live.

e. Inventory management - Supermarkets need to manage inventories carefully, specially because a lot of the goods that a supermarket sells, are perishables.

f. Layout of the store - The Supermakert needs to be careful when determining the layout of the store. Customers want a layout that is easy to navigate, and where goods are placed according to a coherent classification.

g. Scheduling - The supermarket needs to establish a convenient schedule for its customer base.

What are some of the ways Wegmans uses technology to gain an edge over its competition?

Wegmans is characterized for its early adoption of ground-breaking technologies. For example, recently Wegmans developed a mobile application to assist blind shoppers.

6 0
2 years ago
Swift Company was organized on March 1 of the current year. After five months of start-up losses, management had expected to ear
scoundrel [369]

A new income statement for August for Swift company is shown below.

Also, since the president has asked you to check over the income statement and make a recommendation as to whether the company should look for a buyer for its assets.

My recommendation would be to not buy.

                                            Swift Company

                                         Income Statement

                               For the Month Ended August 31

Particulars                                                   Amount (in $)    Amount (in $)

Sales ..............................................................                          450,000

Cost of goods sold:

Finished goods inventory, August 1 ...............  40,000

Add: Cost of goods manufactured ................. <u>310,000 </u>

Goods available for sale ................................ 350,000

Deduct: Finished goods inventory, August 31..<u> 60,000</u>            <u> 290,000 </u>

Gross margin ..................................................                         160,000

Selling and administrative expenses .................                      <u>142,000</u>

Net operating income......................................                           18,000

Sam failed to distinguish between product costs and period costs when preparing the August income statement, and he also failed to recognize changes in inventories between the beginning and end of the month.

Once these errors are corrected, the company's financial situation looks much better, and selling the company may not be a good idea.

Hence, my recommendation would be not to buy.

Learn more about income statement:

brainly.com/question/24498019

#SPJ4

7 0
1 year ago
Suppose First Main Street Bank, Second Republic Bank, and Third Fidelity Bank all have zero excess reserves. The required reserv
lapo4ka [179]

Answer:

a) First Main Street Bank's T-account (before the bank makes any new loans) will look as follows:

<u>                   Assets                         |                Liabilities                  </u>

Reserves                   $1,800,000 |  Deposits             $1,800,000

b) The effect of a new deposit on excess and required reserves when the required reserve ratio is 25% are as follows:

Amount Deposited (Dollars) = $1,800,000

Change in Excess Reserves (Dollars) = $1,350,000

Change in Required Reserves (Dollars) = $450,000

Explanation:

a) Complete the following table to reflect any changes in First Main Street Bank's T-account (before the bank makes any new loans)

A deposit of $1,800,000 by Yakov into his checking account at First Main Street Bank will lead to the creation of both an asset and a liability for First Main Street Bank.

The reserves on the asset side of the T-account of First Main Street Bank will therefore increase by $1,800,000. This gives the bank the opportunity to able to give loan to its other customers from the additional reserves.

On the other hand, the deposit of $1,800,000 by Yakov will be recorded as a demand deposit on the liability side of the T-account of First Main Street Bank. This is because it is possible for Yakov to withdraw his deposit at any time.

This transaction will therefore be reflected as follows:

<u>                   Assets                         |                Liabilities                  </u>

Reserves                   $1,800,000 |  Deposits             $1,800,000

b) Complete the following table to show the effect of a new deposit on excess and required reserves when the required reserve ratio is 25%.

Note: See the attached excel file to see how the table will actually look.

The required reserve ratio of 25% implies that First Main Street Bank is required by law to hold 25% of the new reserves which in this case is the initial deposits from Yakov.

By calculating this, 25% of $1,800,00 is $450,000 and it indicates an increase of $450,000 in the required reserve of First Main Street Bank.

After deducting 25% from 100%, we have 75% left. And 75% of $1,800,000 is $1,350,000. This $1,350,000 is the excess reserves that First Main Street Bank can use to give loans to other customers.

The breakdown is therefore as follows:

Amount Deposited (Dollars) = $1,800,000

Change in Excess Reserves (Dollars) = 75% * $1,800,000 = $1,350,000

Change in Required Reserves (Dollars) = 25% * $1,800,000 = $450,000

Download xlsx
5 0
3 years ago
Solid Tool Company's decision makers view a particular risk in the use of Solid's product as open and obvious. Continuing to mar
LuckyWell [14K]

Answer: (B) Utilitarian Ethics

Explanation:

 The Utilitarian ethics is one of the type of ethical concept that helps in determining the right outcome from the given consequences.

It is one of the form of moral framework that helps in producing the moral reasoning approach that is specifically used in an organization for the business purpose.

According to the given question, the solid tool is one an organization that producing various types of solid's products and the helps in justifying from the perspective of  utilitarian Ethics.          

 Therefore, Option (B) is correct answer.

7 0
3 years ago
Other questions:
  • The chief executive of a large telecommunications company wanted to restructure the organization so product leaders would have m
    11·1 answer
  • I have to create 2 sole trader businesses:
    9·1 answer
  • Two firms compete in a market to sell a homogeneous product with inverse demand function P = 600 – 3Q. Each firm produces at a c
    6·1 answer
  • The sneaker company that you work for had a great marketing campaign and has increased sales for the original running shoe that
    7·1 answer
  • The cost of to a retailer of a ski patrol backpack used in emergency situations is $84.96. The retailer uses a markup of 40% bas
    9·1 answer
  • Department M had 2,000 units 40% completed in process at the beginning of June, 12,000 units completed during June, and 1,200 un
    12·1 answer
  • In order for a broker to write an offer for a buyer on a HUD-acquired property, the broker must use a:
    15·1 answer
  • The financial information below presents selected information from the financial statements of Pelican Company. Sales revenue du
    12·1 answer
  • Darius, Inc. has the following income statement (in millions): DARIUS, INC. Income Statement For the Year Ended December 31, 201
    13·1 answer
  • Sum Company has reminded Innovation Marketing of the limitations of their budget. Innovation Marketing reviewed the marketing pl
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!