1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kompoz [17]
3 years ago
11

Concord Corporation is planning to sell 500 boxes of ceramic tile, with production estimated at 470 boxes during May. Each box o

f tile requires 44 pounds of clay mix and a 0.25 hour of direct labor. Clay mix costs $0.40 per pound and employees of the company are paid $17 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Concord has 4600 pounds of clay mix in beginning inventory and wants to have 5000 pounds in ending inventory.
What is the total amount to be budgeted for manufacturing overhead for the month?
Business
1 answer:
Savatey [412]3 years ago
5 0
I my be. Wrong but it be 3500. Percent box
You might be interested in
Assume Digby Corp. is downsizing the size of their workforce by 10% (to the nearest person) next year from various strategic ini
Zanzabum

Answer:

$1799280

Explanation:

EXISTING WORKFORCE = COMPLEMENT = 392 (SEE SECOND ROW, FOURTH COLUMN)

COMPANY WANT TO REDUCE THE SIZE BY 10%

SO NEW WORKFORCE = 392 -10% = 392-39.2 =352.8

SO TOTAL SEPARATION COST = NEW WORKFORCE X COST PER EMPLOYEE

TOTAL SEPARATION COST = 352.8 x (100 + 5000) =$1799280

5 0
3 years ago
s the initial transaction in a new margin account, a customer buys 1,000 shares of XYZ stock at $30. The market value increases
Ratling [72]

Answer:

Equity increases by $20,000 an SMA by $10,000

Explanation:

While equity is defined as the remaining value of an owner's interest in a business , the simple moving average is defined as the average of a selected range of prices , usually the closing prices by the number of periods in that range.

For every $1 increase in market value , the SMA increase by $0.5 and the equity by $1

<u>Workings</u>

1000 shares at $30 = $30,000

Market value  = 1000* $50 = $50,000

Equity increase - 50,000-30,000 = 20,000

SMA = 20,000 *0.5 = 10,000

6 0
3 years ago
Nordstrom, an upscale department store, has a well-known reputation for going the extra mile to serve its customers. This reputa
Kaylis [27]

Answer:

A sustainable competitive advantage

Explanation:

In a market that is perfectly competitive, firms offer products that are similar. They have to constantly seek ways to maintain their competitiveness by differentiating their product from others.

Maintaining an excellent customer service culture that goes the extra mile to solve customer problems is one of the ways to maintain competitive advantage.

Nordstrom is using this effectively to differentiate their services.

6 0
3 years ago
What is the first step of business law
andre [41]

Answer:

Conduct market research

Market research will tell you if there’s an opportunity to turn your idea into a successful business. It’s a way to gather information about potential customers and businesses already operating in your area. Use that information to find a competitive advantage for your business.

Explanation:

5 0
3 years ago
Cost and Amortization of Intangible Assets On January 2, 2019, Frazier Company purchased a restaurant franchise for $85,000. The
umka21 [38]

Answer: The following journal entries would apply:

<u>Purchase of franchise:</u>

Debit: Restaurant franchise (intangible asset) $85,000

Credit: Cash $85,000

<u>Amortization of franchise:</u>

Debit: Amortization charge $708

Credit: Accumulated amortization $708

Explanation: When the franchise was purchased, there was a cash outflow. So the above first entries would apply in order to recognize the intangible asset in Frazier Company's books. However, the intangible was meant to be amortized over 10 years, meaning $85,000/10 years = $8,500 annual amortization charge. We still have to divide this by 12 in order to arrive at the monthly amortization charge. So $8,500 divided by 12 months = $708 monthly. The above entries apply on amortization.

5 0
3 years ago
Other questions:
  • Andrea lost her job as an accountant because her company gave the contract for keeping accounts to a firm in Asia. The company d
    9·2 answers
  • The Adams Independent School District wants to sell a parcel of unimproved land that it does not need. Its three best offers are
    13·1 answer
  • The balance sheet reports the A. financial position on a specific date. B. financial position for a specific period. C. results
    14·1 answer
  • Foxhound Corp reported net income of $720,000 for the year ended December 31, 2019. Foxhound had 100,000 common shares outstandi
    14·1 answer
  • Jones Manufacturing purchased $10,000 of merchandise inventory on account from a vendor and paid a $500 freight bill. The credit
    15·1 answer
  • Neehara recently opened a premium bakery. she did not have enough savings and hence she applied for a loan to obtain the additio
    13·1 answer
  • Hat does a blueprint slide do? check all that apply. provides a clear explanation of one main point provides an overview of your
    11·2 answers
  • Suppose that the amount of time it takes to build a highway varies directly with the length of the highway and inversely with th
    9·1 answer
  • Callahan Company uses the weighted-average method in its process costing system. The Packaging Department started the month with
    9·1 answer
  • Sylvia is a budget analyst for the state of Kentucky. her job is to look over the state government's spending and suggest and su
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!