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ludmilkaskok [199]
3 years ago
13

Juanita corporation uses a job-order cost system and applies overhead on the basis of direct labor cost. At the end of October,

Juanita had one job still in process. The job cost sheet for this job contained the following information:
Direct materials...............................$480
Direct Labor....................................$150
Manufacturing overhead applied....$600
An additional $100 of labor was needed in November to complete this job. For this job, how much should Juanita have transferred to finished goods inventory in November when it was completed?
Business
1 answer:
Bingel [31]3 years ago
4 0

Answer:

$1,730

Explanation:

Currently, the job order contains the following costs:

  • Direct materials $480
  • Direct labor $150
  • Manufacturing overhead $600 (or $4 per $1 of direct labor)

Since the manufacturing process still requires $100 more of direct labor, it should also require $400 more of overhead costs. So the total cost of the job order will be:

($480 + $150 + $600) + ($100 + $400) = $1,730

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Answer:

It is difficult for new supervisors and managers to be promoted from within because adequate training are not provided. Most of the good habits that make up a good leader must be learned.

Explanation:

Challenges faced by new managers include:

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It is important for managers to know how to differentiate between times they can focus their attention to employee concerns and times they decide not to attend to anyone and whether this is applicable to their team.

A calender will be needed for this type of situation.Schedule regular check-ins with employees, and block off times for you to focus on your own work. Unexpected and urgent situations will always arise, so you will have to add in some flexibility.

Resist the urge to make yourself available to every demand that comes your way.

2. Managing friends and former peers

When you attain the new rank of a manager, it is important to define the boundaries of your relationships with your subordinates as soon as possible.

Explain what you require from your staff and what they can expect from you. For your part, they will expect your trust, communication, and fairness, no matter how your relationship was defined before you were promoted as a manager.

3. Trying to make changes too quickly

First-time managers are always very excited to start making their marks on the organisation, but if you force too many changes at a fast rate, your staff may push back.

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A lot of new managers sometimes have a hard time delivering important feedback or having difficult conversations.

If you avoid telling an employee their faults and how they need to shape up, you might end up driving away others on your staff including your top performers by letting the problem spread.

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8 0
3 years ago
Accounting professionals can perform various services that provide assurance about the and of information given by one party to
Burka [1]

Answer:

It is true

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Chartered Accountants most especially external auditors are trained to provide assurance services that will give credit and reliability to the financial information being presented to the users by the directors.

Their services include statutory audit and other related assurance services.

The report produced by a Chartered Accountant (e.g External Auditor) gives reasonable assurance to the shareholders of the company or any other external users.

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3 years ago
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3 years ago
You observe the following term structure: Effective Annual YTM 1-year zero-coupon bond 5.2 % 2-year zero-coupon bond 5.3 3-year
Lisa [10]

Answer:

Explanation:

a. If you believe that the term structure next year will be the same as today’s, calculate the return on (i) the 1-year zero and (ii) the 4-year zero.

b. Which bond provides a greater expected 1-year return? O 1-year zero-coupon bond O 4-year zero-coupon bond

The return on one year bond is = 5.2%

The price of 4 year bond today

=\frac{ 1000}{ (1.055)^4}

Price of 4 year bond today = 807.22

If yield curves is unchanged, the bond will have 3-year maturity and price will be

=\frac{  1000}{(1.054)^3}

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Return

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Return = 5.8%

The longer term bond has given the higher return in this case at it's YTM fell during the holding period(4 -year)

8 0
3 years ago
What role does utility play in the economic model of consumer​ behavior? When modeling consumer​ behavior, utility A. reflects t
olya-2409 [2.1K]

Answer:

A. reflects the enjoyment a consumer receives from consuming a particular set of goods and services

Explanation:

When modeling consumer​ behavior, utility reflects the enjoyment a consumer receives from consuming a particular set of goods and services

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