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3 years ago

A responsibility chart is used in operations consulting in planning the task responsibilities for a project. True False

Business

1 answer:

KonstantinChe [14]3 years ago

7 0

Answer:

True.

Explanation:

A responsability chart is useful for describing the participation of persons completing labors and deliverables for a project or a business process. Some of the information considered in this type of chart is:

Labor or procedure.
Responsible.
Supervisor.
delivery date.

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Jellyfish Machine Shop is a manufacturer of motorized carts for vacation resorts. Patrick Cullin, the plant manager of Jellyfish

Iteru [2.4K]

Answer:

1.The normal spoilage rate is 15%

2.a The journal entry to record the normal spoilage, assuming The spoilage is related to a specific job is the following:

Material Control A/c Dr. $ 1,410

To Work in progress control (Job # 10) A/c Cr. $ 1,410

b. The journal entry to record the normal spoilage, assuming The spoilage is common to all jobs is the following:

Material Control A/c Dr. $ 1,410

Manufacturing overhead control A/c Dr. $ 5,190

To Work in progress control (Job # 10) A/c Cr. $ 6,600

c. The journal entry to record the normal spoilage, assuming The spoilage is considered to be abnormal spoilage is the following:

Material Control A/c Dr. $ 1410

Loss from Abnormal spoilage A/c Dr. $ 5190

To Work in progress control (Job # 10) A/c Cr. $ 6600

Explanation:

1.In ordert to calculate the normal spoilage rate we would have to use the following formula:

normal spoilage rate= (6 spoiled units / 40 good units)

= 0.15

= 15%

The normal spoilage rate is 15%

2.a Material Control A/c= 6 spoiled units * 235 per unit=$ 1,410, Therefore, the journal entry to record the normal spoilage, assuming The spoilage is related to a specific job is the following:

Material Control A/c Dr. $ 1,410

To Work in progress control (Job # 10) A/c Cr. $ 1,410

b. Material Control A/c= 6 spoiled units * 235 per unit=$ 1,410

Manufacturing overhead control A/c= [6 spoiled units * ($1,100 - $235) per unit]=$ 5,190, Therefore, the journal entry to record the normal spoilage, assuming The spoilage is common to all jobs is the following:

Material Control A/c Dr. $ 1,410

Manufacturing overhead control A/c Dr. $ 5,190

To Work in progress control (Job # 10) A/c Cr. $ 6,600

c. Material Control A/c= 6 spoiled units * 235 per unit=$ 1,410

Loss from Abnormal spoilage A/c=[6 spoiled units * ($1,100 - $235) per unit]=$ 5,190, Therefore, the journal entry to record the normal spoilage, assuming The spoilage is considered to be abnormal spoilage is the following:

Material Control A/c Dr. $ 1410

Loss from Abnormal spoilage A/c Dr. $ 5190

To Work in progress control (Job # 10) A/c Cr. $ 6600

5 0

3 years ago

Marina is on vacation in Jamaica and buys a bottle of rum for about half the price she would pay for the same bottle at home. Th

sergejj [24]

Answer:

The competitive advantage of the countries producing goods and services

Explanation:

The countries have advantage when they produce some goods, some countries try to specialize in the produccion certain goods, because they have climate, or ather advantage. There is also some taxes that increases the price of the imported goods, because they are cheaper than the same product that is produced locally, and the goverment protect with the tax the local producers that have a higher cost and do not have advantages, that is why the price is higher in Marina´s country.

8 0

3 years ago

23. Airlines that engage in price discrimination charge higher prices to business travelers because their _____ is more _____ th

MrMuchimi

Answer:

demand; inelastic

Explanation:

Price discrimination is when a seller charges different prices for the same product in different markets. Price discrimination is usually practised by monopolists. The aim of price discrimination is to eliminate consumer surplus.

A seller would usually charge a higher price to a consumer whose demand is price inelastic. This means that the quantity demanded is less sensitive to changes in price.

If the seller charges a higher price to a consumer whose demand is price elastic, the consumer would reduce the quantity demanded as a result of the rise in price and the total revenue of the seller would fall.

I hope my answer helps you

5 0

3 years ago

would you recommend that accountants wait until collections are made from customers before recording sales revenue

Elena L [17]

Answer: No

Explanation:

Accounting currently uses the Accrual basis and this is the best basis to use so far because it records revenue when they are earned not when the actual money comes in.

In doing this, the company is able to properly ascertain the revenue that it made in a particular period. If a company were to wait until collections were made, the company might wait for over one period to record their sales which would not be very helpful in calculating income for the period.

Also if companies waited to record only after sales, people not paying and becoming doubtful debts become a headache to record.

4 0

3 years ago

If the interest is compounded more than once per year, which rate is higher, the stated rate or the effective rate?

arlik [135]

Answer:

the effective rate is higher

Explanation:

the formula used to calculate effective rate is: effective rate = (1 + r/n)ⁿ - 1

for example, he stated rate is 6%:

if it is compounded annually, the effective rate is 6%
if it is compounded semiannually, the effective rate = (1 + 6%/2)² - 1 = 6.09%
if it is compounded quarterly, the effective rate = (1 + 6%/4)⁴ - 1 = 6.14%
and so on

7 0

3 years ago