Answer:
$27,000
Explanation:
The computation of the amount of factory maintenance department costs that would be allocated to the fabrication department is shown below:
= Fabrication square foot occupied ÷ Total square foot occupied × factory overhead cost of factory maintenance department
= 20,000 ÷ 50,000 × $67,500
= $27,000
The overhead cost of factory maintenance department is allocated on square foot occupied and the same is considered
The total square foot occupied is
= 20,000 + 30,000
= 50,000
Answer:
b. to reduce deposits
Explanation:
A Capital requirement refers to the amount of capital that a financial institution must have to meet the requirements set by it's financial regulator. All of the answers provided are purposes that this hopes to accomplish except for reducing deposits. It actually hopes to increase deposits which means more customers that are coming in.
Answer:
Option C.
Dr Insurance Expense $2,100
Cr Prepaid Insurance $2,100
Explanation:
The initial payment of $12,600 is for 6 months which means monthly charge of insurance is $2,100 ($12,600 / 6 months). The initial prepaid expense was recorded as under:
Dr Prepaid Insurance $2,100
Cr Cash Account $2,100
At the end of each month, the insurance expense is recognized and the entry is as under:
Dr Insurance Expense $2,100
Cr Prepaid Insurance $2,100
Answer:
Work specialization.
Explanation:
Is an organizational structure. Work specialization is the degree to which task in the organization are divided into separate jobs with each step completed by a different person.
The theory of Work specialization is: breaking down large jobs into smaller components, and delegating different parts to individual workers.
Most managers today see work specialization as an important organizing mechanism as it helps employees to be more efficient.
Saves time by eliminating the need to switch between jobs.
Answer:
Expected number of orders=31.6 orders per year
Explanation:
<em>The expected number of orders would be the Annual demand divided by the economic order quantity(EOQ).</em>
<em>The Economic Order Quantity (EOQ) is the order quantity that minimizes the balance of holding cost and ordering cost. At the EOQ, the holding cost is exactly the same as the ordering cost.</em>
It is calculated as follows:
EOQ = (2× Co D)/Ch)^(1/2)
Co- ordering cost Ch - holding cost, D- annual demand
EOQ = (2× 10 × 100000/2)^(1/2)= 3162.27 units
Number of orders = Annual Demand/EOQ
= 100,000/3,162.27= 31.62 orders
Expected number of orders=31.6 orders per year
