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3 years ago

Compute the total manufacturing cost for a manufacturer with the following information for the month.

Business

1 answer:

Karo-lina-s [1.5K]3 years ago

8 0

Answer:

$78,500

Explanation:

Given;

Raw materials purchased = $32,400

Direct materials used = $53,750

Direct labor used = $12,000

Factory supervisor salary = $8,000

Salesperson commissions = $6,200

Depreciation expense—Factory building = $3,500

Depreciation expense—Delivery equipment = $2,200

Indirect materials = $1,250

Total manufacturing cost = $53,750 + $12,000 + $8,000 + $3,500 + $1,250

= $78,500

Depreciation expense—Delivery equipment and Salesperson commissions are elements of selling cost. Raw materials purchased is part of direct material cost.

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Which of the following statements about advertising is most accurate? Advertising is the least costly form of promotion because

jek_recluse [69]

Answer:

The correct answer is letter "E": Through advertising, a company can control, to some extent, to whom the message is sent.

Explanation:

Advertising is the main key to Marketing by which companies promote their goods or services in an attempt to attract a target population. However, the process of determining what advertising technique a firm will use is not that simple. A series of psychological approaches are used to reach consumers strategically.

Companies at a certain level, manage their marketing audience. Though, different mediums of communication allow people of all kinds, not necessarily the company's target population, to be aware of the promotion somehow.

8 0

3 years ago

Which of the following statements is false? Multiple Choice Prepaid insurance is a deferred expense. Prepaid insurance represent

inna [77]

Answer:

B. Prepaid insurance is shown on the income statement

Explanation:

Prepaid insurance first and foremost is a current asset and as such will not reflect in the income statement but in the statement of Financial Position or Balance Sheet.

Although, prepaid insurance will be shown as paid within the year, it must be deducted from the insurance premium paid for the current year and then reported in the balance sheet as a current asset.

Prepaid insurance is treated as a current asset because it is an indication of insurance premiums paid for by the company in advance. It is a payment for economic benefits that will be enjoyed in the future, therefore it is a current asset. The only part of an insurance premium that shows in the income statement is the insurance expense paid for insurance benefit enjoyed in the current period

3 0

3 years ago

Assume that the seller owes $80,000 on a loan for the land. After receiving the $298,000 cash in (a), the seller pays the $80,00

geniusboy [140]

Answer:

1. - $ 80,000

2. - $ 80,000

3. - $ 0 - No effect

Explanation:

1. Assets

- 80,000 ( pay loan ) - decrease

2. Liabilities

- 80,000 ( loan from + 80,000 to 0 ) - decrease

3. Stockholders Equity: no change, as there was not result ( profit/loss ) nor shareholder contribution/withdrawal

5 0

3 years ago

Nolan Company's cash account shows a $22,064 debit balance and its bank statement shows $22,531 on deposit at the close of busin

Bezzdna [24]

Answer:

Nolan Company

Bank Reconciliation

June 30

Balance per cash book 22,064

Less: Bank Service charges ( 24)

Add: Error in recording payment ( $ 59- $ 50) 9

Add: Interest earned 27

Adjusted balance per cash book 22,076

Balance per bank statement 22,531

Less: Outstanding checks ( 2,655)

Add; Deposits in Transit 2,200

Adjusted balance per bank statement 22,076

Explanation:

The bank service charges and the interest earned appear on the bank statement and has to be adjusted in the cash book balance. The errors found in recording the payment at $ 59 instead of $ 50 results in an overpayment and the correction needs to be added to the cash book balance

the outstanding checks has not yet been cleared by the bank so there is a reduction on the bank statement balance. The deposits in transit has not been received by the bank so needs to be adjusted as an addition on the bank statement balance.

3 0

3 years ago

Why does the self-correcting mechanism stop working when the policy rate hits the zero lower bound?

Alex73 [517]

The available options

A. The self-correcting mechanism stops working because the falling inflation produced by a negative output gap produces higher rather than lower real interest rates when the policy rate hits the zero lower bound, and this increase depresses planned spending and further widens the output gap.

B. The self-correcting mechanism stops working because the falling inflation produced by a negative output gap produces lower rather than higher real interest rates when the policy rate hits the zero lower bound, and this decrease depresses saving and investment and therefore further widens the output gap.

C. The self-correcting mechanism stops working because the rising inflation produced by a negative output gap produces lower rather than higher real interest rates when the policy rate hits the zero lower bound, and this decrease depresses planned spending and further widens the output gap.

D. The self-correcting mechanism stops working because the rising inflation produced by a positive output gap produces lower rather than higher real interest rates when the policy rate hits the zero lower bound, and this decrease enhances planned spending and further widens the output gap.

Answer:

Explanation:

For a given situation in the question above the correct answer is Option A, which is: The self-correcting mechanism stops working because the falling inflation produced by a negative output gap produces higher rather than lower real interest rates when the policy rate hits the zero lower bound, and this increase depresses planned spending and further widens the output gap.

4 0

3 years ago