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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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Many companies moved their operations from new england and the midwest to locations in the south because: the South had less expensive site factors than northern regions.

<h3>Change of operation location from midwest to south</h3>

The major reason why most companies tend to moved their operation to south was to maximize profit.

Compare to midwest, the site factors such as rew material, labor and land were more cheaper in the south.

This companies change their operation location because they want to reduce cost as their aims and objective is to generate or maximize profit.

Inconclusion the South had less expensive site factors than northern regions.

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2 years ago

Q 6.3: Hanson Technology is a computer manufacturer. For years, Hanson has relied on the JIT inventory method. However, due to n

Taya2010 [7]

Answer:

The answer is: Their inventory levels will increase

Explanation:

When companies use the Just in Time (JIT) they reduce their ordinary inventory to a minimum level, without any safety stock and that help them lower costs and improve their efficiency.

Since Hanson is changing from the JIT inventory system to a more traditional inventory system, their inventory levels should increase to include certain safety stock levels.

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3 years ago

3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification

Mazyrski [523]

<u><em>Explanation</em></u>:

<u>(a) FIFO</u>

In using this method we calculate cost based on the price of the earliest (first) purchased inventory date.

(b) LIFO

Here we calculate cost by using the price of the most recent (last) purchased inventory date. eg for inventory cost calulations for March 9 we use the price value of March 29

(c) weighted average

This meeting uses the average cost of the entire inventory in the month. Calculated by dividing total cost by today inventory.

(d) specific identification.

Here cost are just assigned to each individual item or batch of items in the period.

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3 years ago

What is the benefits of international bussiness to firms ?

muminat

Answer:

Benefits to Firms

It helps in improving profits of the organizations by selling products in the nations where costs are high. It helps the organization in utilizing their surplus resources and increasing profitability of their activities. Also, it helps firms in enhancing their development prospects.

Explanation:

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3 years ago

Incident action planning and strategic communication planning

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Answer:

D. are related because the first step to each is understanding the situation.

Explanation:

An incident action plan is a course of panning, which aims to resolve all identified phases of incident control within a time limit. it begins foundationally with an understanding of the the situation and objectives built to solve the problems that situation imposes.

Strategic communication planning is the alignment of an organization's core objectives with its communication function. The aim is to drive plans and tactics that would prompt the performance of an organization. It is however pertinent to understand the situation like identifying whom should be communicated to, determining the reasons for the communication etc , which is the first step.

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3 years ago