Answer:
Account Title Debit Credit
Raw materials inventory $52,000
Cash $52,000
Account Title Debit Credit
Factory Supplies $22,000
Raw materials $22,000
Account Title Debit Credit
Work in Process inventory $20,100
Raw materials $20,100
Answer:Quid pro quo case
Explanation:
Qui pro quo is a Latin word which simply means "something for something", that is an exchange of wants of great values.
Anita asked for sexual favour from her employee, Bert, in exchange for him to retain his position as the manager but his refusal caused him to lose his position as the manager to a common secretary.
Quid pro quo indicates that an something has been traded in return for something of value. Quid pro quo exist in a business organization when the business owner propose to promote an employee if he/she could fulfill their desires. In the case of Anita and Bert, the desire could be seen as 'sexual desires' in other words, sexual harassment by Anita to her employee.
Answer:
The best way for Professor Fader to pick the Salesperson of the Month is to measure the change in <u>total customer lifetime value</u> for that month delivered and give the award to the salesperson with the highest points.
Explanation:
Total Customer Lifetime Value (CLV) refers to the total value delivered by a customer over a particular period not just in the number of purchases they have made. A customer's value also includes, but is not limited to:
The formula for calculating CLV is by:
(Annual Customer Revenue X Lenth of Relationship in Years) - (Total costs of acquiring plus Total Cost of Serving the customer)
or
(ACR x LR)-(TCA+TCS) = CLV
Cheers!
Answer:
1a. Predetermined overheard rate is $20.8
1b. Product cost for each product:
Xactive ($) Pathbreaker ($)
<u> 113.72 86.4</u>
Explanation:
1(a)
Predetermined overheard rate is calculated with formula:
<u>Budgeted Cost</u>
Activity Level
For Rocky Mountain:
= <u>$2,687,360</u>
129,200
= $20.8
1 (b) Product cost involves the total cost incurred directly as a result of making a product. Product cost is calculated by adding direct material cost, direct labour cost and manufacturing overheard together.
Product cost
Xactive Pathbreaker
Direct material 65.60 51.80
Direct labour cost 19.00 13.80
Manufacturing overheard($20.8) <u>29.12 20.8</u>
<u>113.72 86.4</u>
<u />