I'd go with Agribusiness, that sounds like it would be the most helpful, since Agribusiness deals with both produce and services.
Answer:
A) Deciding where to locate a new manufacturing plant
Explanation:
Strategic planning is the process in which the company sets its goals for the future, and makes plans to achieve those goals.
Strategic planning is therefore, a process focused on the future, not on daily activities, and is usually the main job of the CEO.
Deciding where to locate a new manufacturing plant is an example of strategic planning because expanding manufacturing capacity is a form of planning growth for the future of the firm.
Answer:
Variable manufacturing overhead rate variance= $688.8 favorable
Explanation:
Giving the following information:
Variable overhead 0.3 hours $5.70 per hour
The company used 2,460 direct labor-hours to produce this output. The actual variable overhead cost was $13,331.
<u>To calculate the variable overhead rate variance, we need to use the following formula:</u>
Variable manufacturing overhead rate variance= (standard rate - actual rate)* actual quantity
Actual rate= 13,331/2,460= $5.42
Variable manufacturing overhead rate variance= (5.7 - 5.42)*2,460
Variable manufacturing overhead rate variance= $688.8 favorable
Answer:
Explanation:
The journal entries are shown below:
a) April 1, 2012;
Dr Cash A/C. $290,000
Dr finance charge $10,000
Cr payable $300,000
($500,000 × 2% = $10,000)
b)
Dr Cash A/c $350,000
Cr Account receivable $350,000
c)
Dr payable $300,000
Dr interest expense $7,500
Cr Cash $307,500
(10% × $300,000 × 3/12 = $7,500)
