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2 years ago

Granger Cards is a manufacturer of greeting cards. Classify its costs by matching the costs to the terms.

Business

1 answer:

OverLord2011 [107]2 years ago

4 0

Answer:

1. Direct Materials: C) Paper

2. Direct Labor: A) Artist's wages

3. Indirect materials: G) Glue for envelopes (this is asuming there isn't a direct association between glue, envelopes and greeting cards - which is the case that one envelope can be used for 1 card or 2+ cards indistinctly- and/or 1 glue can be used for more than 1 envelope)

4. Indirect labor: B) Wages of materials warehouse workers; E) Manufacturing plant manager's salary

5. Other manufacturing overhead: D) Depreciation on manufacturing equipment; F) Property taxes on manufacturing plant

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Chang Industries has 2,000 defective units of product that have already cost $14 each to produce. A salvage company will purchas

sleet_krkn [62]

Answer:

$20,000 income

Explanation:

Computation

Particulars Amount

Sale Value of corrected product= $42,000.00

(2,000 * 21)

Less : Costs of Correction = ($12,000.00)

(2000 * 6)

Less : Opportunity costs - Salvage Value Lost = ($10,000.00)

(2,000 * 5)

Incremental Revenue= $20,000.00

4 0

2 years ago

Mensa is a society for "geniuses." one way to qualify for membership is having an iq at least 2.5 standard deviations above aver

7nadin3 [17]

According to the scale, an average person would posses the mean of 100 IQ and standard deviation of 15. If to be a member of mensa one should have an iq at least 2.5 standard deviations above average, the minimum iq should be:

2.5 = (x-100)/15

x = 137.5 >>>>> Less than 1% population belong to this IQ group or higher.

7 0

2 years ago

Read 2 more answers

Ann's attempt to open a salad bar in a small town failed. Her husband is trying to sell the tables and chairs she purchased. He

Vaselesa [24]

Answer: Qualifying

Ann's husband is engaged in the qualifying process. He suspects Handlemann's Deli may be a potential buyer for the furniture he needs to sell. And he is now in the process of determining if Handlemann's Deli has a certain characteristic (inclination to purchase) to qualify him as his prospect.

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2 years ago

Listed below are some items found in the financial statements of Tony Gruber Co. Indicate in which financial statement(s) the fo

ss7ja [257]

Answer:

The correct financial statement for the respective items is:

a) Service Revenue - Income statement.

b) Equipment - Statement of financial position.

c) Advertising expense - Income statement.

d) Accounts receivable - Statement of financial position.

e) Owner’s capital - Statement of financial position.

f) Salaries and wages payable - Statement of financial position.

Explanation:

a) Service Revenue - Service revenue refers to the sales generated from the services provided/offered by the business to its customers. Service revenue is an item of the income statement and appears on the credit side amongst revenues/incomes list.

b) Equipment - Equipment in accounting is used to refer tangible items such as plant, property and motor vehicle which are expected to be used for production for longer than one accounting period. They are tangible items and form part of the statement of financial position under the non-current assets.

c) Advertising expense - Advertising expense refers to operating expense incurred by the business in advertising its products/services. It is an item of the of the income statement and appears on the debit side amongst expenses list.

d) Accounts receivable - The term accounts receivable refers to all the payments a business is expecting for goods or services it provided to its customers on credit. It is a part of the statement of financial position and appears under the current accounts.

e) Owner’s capital - Also known as the owner's equity, owners capital refers to all the investment the owner has put into the business.This maybe in the form of funds or assets. It is a part of the statement of financial position and appears under the Capital and retained earnings / losses accounts.

f) Salaries and wages payable - Salaries and wages payable refers to salaries and wages due/owed to the business's employees for prior periods.It is part of the statement of financial position and appears under the current liabilities accounts.

6 0

2 years ago

What was the average annual economic growth rate in Singapore over the 22.00 years from 1957 to 1979

borishaifa [10]

The average annual economic growth rate in Singapore over the 22.00 years from 1957 to 1979 was 3.20%.

<h3>What is average annual economic growth rate (AAGR) ?</h3>

The average annualised return of a portfolio, asset, or cash flow over time is known as the average annual growth rate, or AAGR.

The basic arithmetic mean of a set of returns is used to calculate AAGR.

Calculation for average annual economic growth rate:

Real per capita GDP in Singapore in 1957 was about $400 and it doubled to about $800.00 by 1979 over the period of 22 years.

Growth rate = $(\frac{last value}{initial value} )^{\frac{1}{n} } -1$

The last value = $800

The initial value = $400

n = number of years

Growth rate = $(\frac{800}{400} )^{\frac{1}{22} } -1$

= $(2)^{\frac{1}{22} } -1$

= 1.032 - 1

= 0.032

Growth rate % = 0.032×100

= 3.2%

Therefore, the growth rate in Singapore over 22 years are 3.2%.

To know more about Gross domestic product (GDP), here

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4 0

1 year ago