Answer:
C :Job 1000, $1,860; Job 1001, $3,100
Explanation:
The computation of the total cost is shown below:
For Job 1000:
= Direct materials + Direct labor hours × wage rate per hour × Direct labor hours × overhead rate per hour
= $1,200 + 30 × $15 + 30 × $7
= $1,200 + $450 + $210
= $1,860
For Job 1001:
= Direct materials + Direct labor hours × wage rate per hour × Direct labor hours × overhead rate per hour
= $2,000 + 50 × $15 + 50 × $7
= $2,000 + $750 + $350
= $3,100
Answer:
The correct answer is 3. identification of a strategic resource gap that will impede future growth.
Explanation:
The build-borrow-or-buy framework is adopted to develop the most appropriate strategy towards an organization's growth. It provides three alternatives to the management: build the asset itself, borrow it from an external organization, or simply buy it.
Sometimes, any one of these three options is applicable to an organization, but typically, a combination of these may be preferred by the management, thus adopting a multi-faceted approach.
The first step in the build-borrow-or-buy framework is to identify strategic resource gaps that could impede future growth using the organization's strategic planning process. This is because it is necessary to identify right at the beginning what resources the organization needs going into the future. If this gap is wrongly assessed, the organization, may under-estimate or over-estimate its existing resources, thus ending up with the wrong growth strategy.
Answer:
$307,390
Explanation:
Given that,
Cost of Goods Available:
= Beginning Inventory + Net Purchases
= $140,000 + $658,000
= $798,000
Cost of goods Sold:
= [(100 - Gross profit ratio) ÷ 100] × Sales
= [(100 - 29) ÷ 100] × $691,000
= $490,610
Ending Inventory:
= Cost of goods available - cost of good sold
= $798,000 - $490,610
= $307,390
Answer:
Cash interest paid to the bondholders in 2016 is $9,000
Explanation:
The cash interest paid on the bond can be ascertained using the below coupon amount formula:
cash interest=face value*coupon rate
face value of the bond is $100,000
coupon rate is 9%
cash interest=$100,000*9%=$9,000
The cash account would be credited while interest expense is debited with $9000 plus amortization of premium on bonds
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