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Over [174]
3 years ago
9

Using the direct method, Pone Hill Company allocates Janitorial Department costs based on square footage serviced. It allocates

Cafeteria Department costs based on the number of employees served. It has the following information about its two service departments and two production departments, Cutting and Assembly:
Square Feet Number of
Employees
Janitorial Department 100 20
Cafeteria Department 10,000 10
Cutting Department 2,000 60
Assembly Department 8,000 20
The percentage (proportional) usage of the Janitorial Department by the Cutting Department is
Business
1 answer:
nadezda [96]3 years ago
8 0

Answer:

Cutting department= 9.9%

Explanation:

Giving the following information:

Using the direct method, Pone Hill Company allocates Janitorial Department costs based on square footage serviced.

Square Feet

Janitorial Department 100

Cafeteria Department 10,000

Cutting Department 2,000

Assembly Department 8,000

Total square feet= 20,100

Cutting department= 2,000/20,100= 9.9%

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Use the following information to prepare the September cash budget for PTO Co. The following information relates to expected cas
MAXImum [283]

Answer and Explanation:

The Preparation of the cash budget is shown below:-

PTO Co.

Cash budget

For the month ended Sept. 30

Particulars Amount

Beginning cash balance $41,000

Add: Cash receipts for sales $258,000

Total cash available $299,000

LesS:

Cash disbursement

Direct Material $97,200

($72,000 × 30%) + ($108,000 × 70%)

Direct labor $30,000

Other expenses $59,000

Accrued Taxes $10,800

Interest on bank loan $1,700

Total Cash disbursement $198,700

Ending cash balance $100,300

4 0
3 years ago
The placing of direct materials into the production process is recorded by an entry debiting:_________.A. Materials Expense.
Alik [6]

Answer: C. Work in Process Inventory.

Explanation:

When Raw Materials are purchased they are simply put into the Materials Account.

When the company needs to start working on them however, they will transfer the raw materials to the Work in Progress account which records the Direct Materials and Direct Labor that are used in the Production process. By Debuting this account they indicate that the materials in it have increased.

5 0
3 years ago
The shape of the production function reflects the law of diminishing marginal product of labor.a. Trueb. False
Anna35 [415]

Answer: True

Explanation:

Looking at the Production Function you will notice that Output increases at different rates to input added. First output increases at an increasing rate then at a constant rate then at a decreasing rate.

This shows the concept of the Law of Diminishing Marginal returns because as more input(labor) was added, at some point the output started increasing at a decreasing rate till it gets to a point where marginal returns will be negative.

The reason for this is that each worker is now working with less capital than before (assuming capital doe not change) and so will only produce less.

5 0
2 years ago
What two requirements of supply must someone meet to be considered a producer?
netineya [11]
The two requirements of supply that someone must meet in order to be considered a producer are the following:
1. the willingness to supply a product or service
2. the ability to supply a product or service

Without these two, you don't have what it takes to become a producer. But if you have the means to support your company, and the wish to do so, there's nothing stopping you. 
8 0
2 years ago
What is an example of personal information that an identity thief would look for?
kvv77 [185]

ALL OF THE ABOVE: Your social security number , your bank account number , your birth date .

8 0
3 years ago
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