Answer:
D. Just gallons of paint, without concern for the different colors and sizes
Explanation:
Aggregate planning is explained to be an operational activity critical to the organization as it looks to balance long-term strategic planning with short term production success.
Thus annual and quarterly plans are broken down into labor, raw material, working capital, etc. requirements over a medium-range period (6 months to 18 months). This process of working out production requirements for a medium range is called aggregate planning.
Also it is noted that a complete information is required about available production facility and raw materials.
A solid demand forecast covering the medium-range period.
Answer:
A long-term liability should be reported as a current liability in a classified balance sheet if the long-term debt: Is callable by the creditor - Will be refinanced with stock.
Option A is the correct answer.
Explanation:
Generally, a short term liability is required to be paid by the company within a period of 1 year. Nevertheless, if the liability is callable the creditor, the company is not required to pay the liability within a year.
Thus, in this instance, a current liability can be detailed as a long term debt in the balance sheet.
Answer:
b. $490,000
Explanation:
Total cost refers to the summation of all costs that is expended during production processes of certain products, which is made up of prime cost, overhead cost, etc.
Total cost = Prime cost + Overhead cost
Where,
Overhead cost = Setup [1,000 × $75 per setup] $75,000 + Machine hours [1,900 × $50 per machine hour] $95,000
Overhead cost = $170,000
Prime cost = $320,000
Therefore,
Total cost = $320,000 + $170,000
Total cost = $49,000
You must pay two types of taxes on earned income: Social Security/Medicare taxes (called FICA, OASDI, or payroll taxes) and income taxes. The payroll taxes that are withheld from your paycheck have two components.
Answer:
$219,084
Explanation:
The cost of the land to be recorded includes the purchase price of the land as well as other cost incurred in the process of making the land available for use.
Any amount received as a result of this purchase in form of rebates and discounts will be deducted from the cost.
Hence the cost of the land
= $196,981 + $18,718 + $3,885 - $500
= $219,084
