The cost of goods manufactured at stereo corp. in the year 2017 is $285,000.
What is Manufacturing?
Manufacturing is the process of <u>turning raw materials or sections into finished goods using tools, human labour, machinery, and chemical products.</u>
Manufacturing enables companies to sell finished goods at a price higher than the cost of the materials used. Huge manufacturing allows for the mass production of goods using assembly line procedures and sophisticated technology as core assets. Manufacturing techniques that are efficient allow manufacturers to start taking advantage of scale economies of scale, generating more units at the a lower cost. Manufacturing is a vital and significant component of the economy. It entails the transformation of raw materials such as <u>ore, timber, and food </u>into finished goods such as <u>metal goods, soft furnishings, and processed foods.</u>
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Answer:
Explanation:
Cash flow statement should include items that are either received or paid for in cash. In the given case, the following items have been incorrectly reported
Issuance of Note for Truck is a non-cash transaction as well as Purchase of Truck with a Note. There is no cash involved with either transaction. Depreciation is listed in the sources of cash however depreciation is a non-cash operating expense and should not be included. The organization of the statement of cash flows presented in the question is not correct as well. Once organized in the correct manner and adjusted for the depreciation correctly the result is net increase in cash at 119,000 not 109,000. This shows that the Cash flow from operating activities provides a net income of -33,000 which is a loss
Answer:
a. 105
b. For machining $130
For assembly $50
Explanation:
a. The computation of the company's current plant-wide overhead rate is shown below:-
Current plant-wide overhead rate = Total manufacturing overhead ÷ Total direct labor hours
= $1,050,000 ÷ 10,000
= 105
b. The computation of refined departmental overhead rates is shown below:-
Departmental overhead cost = Overhead cost of department ÷ Cost driver of department
For machining
= $650,000 ÷ 5,000
= $130
For Assembly
= $400,000 ÷ 8,000
= $50
Answer:
sell, retail, trade, advertise, promote, buying,
Explanation:
Answer: Vroom and Yetton's normative decision model.
Explanation:
The Vroom–Yetton normative decision model is a situational leadership theory of industrial and organizational psychology that was developed by Victor Vroom, in collaboration with Phillip Yetton and later with Arthur Jago. The situational theory argues the best style of leadership is contingent to the situation.
Regarding decision making, the Vroom-Yetton model suggests that being autocratic, seeking advice, considering alternative approaches before a decision is made, informing a group on an issue, and letting that group develop the solution without forcing your own ideas are all important at times.
