Answer: edge computing
Explanation:
Edge computing refers to an open and distributed IT architecture which possesses features such as decentralized processing power, and Internet of Things (IoT) technologies.
Data is not transmitted to a day center but rather being processed by the device itself or the server. It helps in bringing data storage and computation closer to the data sources and this helps in saving bandwidth and improving response times.
Since the company wants to improve its operations by using data from devices at individual locations to make real-time adjustments to service delivery, then the technology that would be combine with its current Cloud operations to make this possible is the edge computing.
Answer:
The Journal entries are as follows:
(i) On August 1,
Legal expense A/c Dr. $9,600
To Common stock $8,000
To Additional Paid-in capital $1,600
(To record issue of 800 common shares of par value $10 to attorney)
(ii) On August 15,
Cash A/c Dr. $75,000
To Common stock $50,000
To Additional Paid-in capital $25,000
(To record issue of 5,000 common shares each at $10 par value)
(iii) On October 15,
Land A/c Dr. $48,000
To Common stock $30,000
To Additional Paid-in capital $18,000
(To record issue of 3,000 common shares as a consideration for purchase of Land)
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Answer:
1. $6.50 per machine hour
2. $920
3. $ 17.69
4. $21.23
5. <u>Pricing methodology - Cost plus Mark -up</u>
- This ensures that the price charged covers all costs related to the product, which is good for maintaining profits.
- However the price does not consider the market demand and competition which might affect sales volumes
Explanation:
<u>Predetermined overhead rate</u>
Predetermined overhead rate = Budgeted Overheads / Budgeted Activity
= $650,000 / 100,000
= $6.50 per machine hour
<u>Total manufacturing cost assigned to Job 400</u>
Direct material $450
Direct labor cost $210
Overheads Applied ($6.50 × 40) $260
Total manufacturing cost $920
<u>Unit product cost for Job 400</u>
Unit product cost = Total Cost / Number of units completed
= $920 / 52 units
= $ 17.6923
= $ 17.69
<u>Selling price if Moody uses a markup percentage of 120%</u>
Selling price = Unit product cost × 120 %
= $ 17.69 × 120%
= $21.23