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4 years ago

Question 16

Business

1 answer:

irinina [24]4 years ago

3 0

Answer:

Managers, in today's work environment, rely less on autocratic and more on empowering leadership.

Explanation:

Managers rely less on autocratic because they rather empower people to do things.

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Poodle Corporation was organized on January 3, 2011. The firm was authorized to issue 100,000

Zanzabum

Answer:

C. $370,000

Explanation:

Poodle Corporation was organized on January 3, 2011. The firm was authorized to issue 100,000 shares of $5 par common stock.

During 2011, Poodle had the following transactions relating to shareholders' equity:

Issued 30,000 shares of common stock at $7 per share.

Issued 20,000 shares of common stock at $8 per share.

Reported a net income of $100,000.

Paid dividends of $50,000.

Therefore total Paid-in capital at the end of 2011 is derived by :

(30,000 shares x $7) + (20,000 x $8) = $370,000

Paid - In capital refers to the funds that stockholders have invested through the purchase of stock from the issuing company, including premiums and not just par value.

3 0

4 years ago

Steelcase Inc. is one of the largest manufacturers of office furniture in the United States. In Grand Rapids, Michigan, it produ

melisa1 [442]

Answer:

Total Flexible Budgets for 12,000, 15,000, and 18,000 units is $ 556,000 $ 643,000 and $830,000

Explanation:

Steelcase Inc.

Assembly Department:

Steel per filing cabinet ............................................. 55 pounds

Direct labor per filing cabinet ...................................... 20 minutes

Supervisor salaries ................................................ $180,000 per month

Depreciation ...................................................... $28,000 per month

Direct labor rate................................................... $21 per hour

Steel cost ......................................................... $0.40 per pound

Steelcase Inc.

Flexible budget 

For the month of August 2014.

Units: 12000 15000 18000

Steel for filing cabinet 660,000 825000 990,000 pounds

Steel cost $264,000 330,000 $ 396,000

Direct labor Hrs 4,000 5,000 6,000

Direct labor Cost $84,000 $105,000 $ 126,000

Supervisor salaries $180,000 $180,000 $180,000

Depreciation $28,000 $28,000 $28,000

Total $ 556,000 $ 643,000 $830,000 

First we find the Steel for filing cabinets in pounds . Then we multiply with the rate to find the steel cost.

Similarly we find the direct labor hours and then the direct labor cost.

We assume that the supervisor salaries and depreciation are fixed.

4 0

3 years ago

The following standards for variable manufacturing overhead have been established for a company that makes only one product:

Marianna [84]

Answer:

variable overhead efficiency variance= $22,780 unfavorable

Explanation:

Giving the following information:

Standard hours per unit of output 7.0 hours

Standard variable overhead rate $ 13.40 per hour

Actual hours 2,725 hours

The actual output of 150 units

To calculate the variable overhead efficiency variance, we need to use the following formula:

variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate

Standard quantity= 150*7= 1,050 hours

variable overhead efficiency variance= (1,050 - 2,750)*13.4

variable overhead efficiency variance= $22,780 unfavorable

6 0

4 years ago

The production function is f (L, M) = 5L1/2M1/2, where L is the number of units of labor and M is the number of machines. If the

Anton [14]

Answer:

The correct answer is option d.

Explanation:

The production function is given as:

f (L, M) = $5L^{1/2} M^{1/2}$

The total cost will be

= wL + rM

Here, w is the cost of labor or wages and r is the cost of capital or rent.

The cost of labor is given as $9 per unit and the cost of using machine is $64 per machine.

MPl

= $\frac{dQ}{dL}$

= $\frac{5}{2}\frac{M}{L}^{1/2}$

MPm

= $\frac{dQ}{dM}$

= $\frac{5}{2}\frac{L}{M}^{1/2}$

$\frac{MPl}{MPm} = \frac{9}{64}$

$\frac{M}{L} = \frac{9}{64}$

M = $\frac{9}{64}L$

f (L, M) = $5L^{1/2} M^{1/2}$

12 = $5L^{1/2} \frac{9}{64}L^{1/2}$

12 = $\frac{15L}{8}$

L = $\frac{96}{15}$

L = 6.4

M = $\frac{9}{64}\times 6.4$

M = 0.9

Total cost

= wL + rM

= 6.4 $\times$ 9 + 0.9 $\times$ 64

= 57.6 + 57.6

= $115.2

6 0

3 years ago

Nubian and kick bbjjjvcxxsddddddfhjki

NARA [144]

Answer:
0K
Explanation:
p

8 0

2 years ago