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mina [271]
3 years ago
7

Guerra Electronics manufactures a variety of electronic gadgets for use in the home. Which of the following would probably be th

e most accurate measure of activity to use for allocating the costs of inspecting the finished products at Guerra? a.Direct labor-hours b.Inspection time c.Number of inspections d.Machine hours
Business
1 answer:
zvonat [6]3 years ago
4 0

Answer: b. Inspection time

Explanation: Overhead allocation is required under the rules of various accounting frameworks and is defined as the apportionment of indirect costs (costs used by multiple activities which cannot be assigned to specific cost objects) to produced goods. Overhead allocation is quite significant because often times, it is substantially greater than the direct cost of goods.

The time spent for inspection which is vital to controlling quality, reducing manufacturing costs, eliminating losses and assigning causes of defective work etc. would be the most accurate measure of activity to use for allocating the costs of inspecting finished products as it is included in manufacturing overhead.

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In material requirement planning calculations, gross requirements for finished products are taken from ________________________.
Ipatiy [6.2K]

Answer:

Forecasted sales

Explanation:

In the production process amount of inventory purchased for producing goods must be carefully calculated.

This avoids waste incurred from buying excess of materials needed for operation. Also when there is shortage of materials time and resources are wasted getting more materials.

So when calculating material requirements for finished products it is important that we consider sales forecasts.

Materials purchased based on this will just adequately meet the demand for product.

This reduce cost of storage of excess materials.

7 0
3 years ago
A ______ establishes a company's financial and strategic objectives, and provides a set of guidelines for achieving the desired
inysia [295]

Answer:

strategic plan

Explanation:

In Business management, a strategy can be defined as a set of guiding principles, actions and decisions that an organization combines so as to achieve its business goals, attract customers and possess a competitive advantage over its rivals in the industry.

Typically, to formulate strategies that are well aligned with the mission of an organization or business firm, some of the activities that needs to be performed includes the following;

1. Knowing your core competencies: this involves identifying your strengths such as knowledge, technology, underlying skill, experience, ability or process that enables you to perform exceptionally and provide a unique set of products or services that meets the needs of your customers.

2. Assessment of the organization's internal strengths and weaknesses: it gives an organization certain advantages, edge and disadvantages in meeting the needs of various customers by analyzing their strengths, weaknesses, opportunities and threats (SWOT).

3. Examination of the organization's external environment: this involves examining and identifying all the factors outside of an organization that affects its performance such as customers, government policies, competitors etc.

4. Analyze your competitors: organization should ensure they are always a step ahead of the their competitors in the industry.

In conclusion, a business strategy or strategic plan sets the overall direction for an organization or business because it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan.

8 0
3 years ago
In 2010, the number of clown costumes sold at a single costume shop was 17. By 2015, that number had grown to 39. Assuming a con
Leviafan [203]

Answer:

No of clown sold in 2010 = 17

No of clown sold in 2015 = 39

Unit rate of change = 39 - 17/17 x 100

Unit rate of change = 129.41%

Explanation

The unit rate of change from 2010 to 2015 is equal to the number of clown sold in 2015 minus the number of clown sold in 2010 divided by the number of clown sold in 2010 multiplied by 100.

4 0
3 years ago
Fundamental areas of management in supply chain operations management include:____________
inessss [21]

Answer:

<u>1.</u> Quality, Inventories, and Processes.

Explanation:

6 0
3 years ago
A partnership has the following capital balances: Comprix (40% of gains and losses) $ 180,000 Heflin (30%) 280,000 Kaplan (30%)
MrRissso [65]

Answer:

$210,000 is the capital balance of Heflin after acquisition by Mahar

Explanation:

In this question we are asked to calculate the capital balance of Heflin given the data in the above question.

Firstly, we identify the capital account of Heflin before the acquisition. From the question, this is equivalent to a value of $280,000

Now, we calculate the proportionate capital transferred. That is same as 25% of the total; 25/100 * 280,000 = $70,000

The ending capital of Heflin after acquisition would be mathematically = Capital account of Heflin before admission - Ending capital of Heflin after admission= $280,000 - $70,000 = $210,000

8 0
3 years ago
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