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3 years ago

How would a manufacturer benefit by using fewer scarce resources

Business

1 answer:

Dima020 [189]3 years ago

4 0

A manufacturer tries to benefit by using scarce resources in the following ways -

Scarce resources will reduce the cost of production leading to maximum profits.

Lesser cost of production will make it more budget friendly and popular among the customers.

Because of better margins, business can invest in research and development to offer better quality products to its customers.

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A business in which the owners have little personal responsibility for the company’s debts and actions is called a

adell [148]

I believe the answer is A.

7 0

3 years ago

A weekly time ticket for Joyce Caldwell follows: Direct Labor Time Ticket Dates: Monday 8/13 − Friday 8/17, 2018 Ticket Number:

dusya [7]

Answer:

Wages for Job 271= 16* 31= $ 496

Wages for Job 272= 8 *31= $ 248

Wages for Job 273= 31*16= $ 496

Explanation:

Job 271, 8+8= 16 hours

Wages for Job 271= 16* 31= $ 496

Job 272, 4+ 4= 8 hours

Wages for Job 272= 8 *31= $ 248

Job 273 Weekly =40 - 16- 8= 16 hours

Wages for Job 273= 31*16= $ 496

Working:

Direct Labor Time Ticket

Dates:

Monday 8/13 −

Friday 8/17, 2018

Ticket Number: TT 338 Employee: Joyce Caldwell

Date Time Started Time Ended Total Hours

Job Number 8/12/2018 7:00 AM 3:00 PM 8 hours

Job 271 8/13/2018 7:00 AM 3:00 PM 8 hours

Job 271 8/14/2018 7:00 AM 3:00 PM 8 hours

Job 272 8/15/2018 7:00 AM 11:00 AM 4 hours

Job 272 8/15/2018 12:00 PM 4:00 PM 4 hours

Maintenance 8/16/2018 7:00 AM 3:00 PM 8 hours

Job 273

Weekly Totals 40 hours

Hourly Labor Rate × $31 Total Wages Earned $1,240

7 0

3 years ago

Tancredi Corporation has two manufacturing departments--Machining and Customizing. The company used the following data at the be

olganol [36]

Answer:

Results are below.

Explanation:

First, we need to calculate the predetermined overhead rate:

Fixed overhead= 33,500

Total variable overhead= (1.8*5,000) + (3*5,000)= 24,000

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (33,500 + 24,000) / 10,000

Predetermined manufacturing overhead rate= $5.75

Now, we can determine the total cost for each Job:

Job E:

Direct material= $12,800

Direct labor= $17,600

Allocated overhead= (3,400 + 2,000)*5.75= $31,050

Total cost= $61,450

Job J:

Direct material= $7,000

Direct labor= $1,600

Allocated overhead= (1,600 + 3,000)*5.75= $26,450

Total cost= $35,050

6 0

3 years ago

Sunland Company has the following account balances: Sales Revenue $226,700, Sales Discounts $4,410, Cost of Goods Sold $129,600,

Kaylis [27]

Answer and Explanation:

The Journal entry is shown below:-

1. Sales revenue Dr, $226,700

To Income revenue $226,700

(Being close accounts with credit income balances is recorded)

2. Income revenue Dr, $134,010

To Sales discount $4,410

To Cost of goods sold $129,600

(Being close accounts with debit expenses account is recorded)

8 0

3 years ago

The ___________ planning horizon is shorter than the aggregate production plan's, but must be longer than a firm's production le

klio [65]

Answer:

The correct answer is letter "B": Master production schedule.

Explanation:

A Master Production Schedule (MPS) is a detailed plan that outlines what products and in which quantities products should be manufactured over a certain period. This schedule contrasts the Aggregate Production Plan (APP) which has a broader scope in business production not only for a product but for a product family usually in large plants.

MPS planning horizon is shorter than the APP but easier to understand assuming the demand for the product is constant. The MPS lead time to produce a good tends to be longer than the APP.

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4 years ago