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siniylev [52]
3 years ago
11

In the context of stragetic planning the streagtic goals of an orgainzation represent concrete benchmarks that managers can use

to measure perfromance in each key.a) trueb) false
Business
1 answer:
Marta_Voda [28]3 years ago
7 0

Answer:

a. True

Explanation:

For accomplishing the company objective, the planning plays a major role without planning the goals of the company could not able to achieve.

Also to measure the performance for each key, the benchmarks is also plays a vital role as it defines the difference between the standard performance and the actual performance

Hence, the given statement is true

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The Ferre Publishing Company has three service departments and two operating departments. Selected data from a recent period on
Jet001 [13]

Answer:

The Ferre Publishing company

Service Costs Assigned to each Operating Department:

                                Service Departments               Operating Departments

              Admin.    Janitorial    Mainten.       Binding      Printing    Total

Costs  $168,000   $126,000   $57,600     $330,000  $516,000 $1,197,600

Admin (168,000)                                             100,800     67,200     0

Janitorial                (126,000)                          36,000     90,000      0

Maintenance                            (57,600)          19,200     38,400      0

Total cost                                                    $486,000   $711,600 $1,197,600

Explanation:

a) Data and Calculations:

                                Service Departments               Operating Departments

                 Administration Janitorial Maintenance     Binding      Printing    Total

Costs          $168,000        $126,000     $57,600     $330,000  $516,000   $1,197,600

Number of

employees           60                    35              140              315         210    760

Square feet of

space occupied 15,000       10,000       20,000        40,000      100,000    185,000

Hours of

press time                                                                     30,000      60,000     90,000

Allocation bases:

Administration cost = Number of employees 525

Janitorial cost = Square feet 140,000

Maintenance cost = Hours of press time 90,000

Allocation Rates and to Operating Departments:

Administration $168,000/525 = $320 per employee

Binding = 315 * $320 = $100,800

Printing = 210 * $320 = $67,200

Janitorial costs = $126,000/140,000 = $0.90 per square feet

Binding = 40,000 * $0.90 = $36,000

Printing = 100,000 * $0.90 = $90,000

Maintenance costs = $57,600/90,000 = $0.64 per press hour

Binding = 30,000 * $0.64 = $19,200

Printing = 60,000 * $0.64 = $38,400

3 0
3 years ago
Addison Co. budgets production of 2,790 units during the second quarter. Other information is as follows: Direct labor Each fini
Doss [256]

Answer and Explanation:

1. The preparation of direct labor budget is given below:-

Direct labor budget

Units to be produced              2,790

Hours required per unit          5

Total labor hours needed 13,950

(2,790 × 5)

Labor rate per hour                $10

Direct labor budget               $139,500

(13,950 × $10)

2. The preparation of factory overhead budget is given below:-

Total labor hours needed                 13,950

Variable overhead rate per hour       $12

Budgeted variable overheads           $167,400

(13,950 × $12)

Budgeted Fixed overheads              $580,000

Budgeted total overheads                $747,400

8 0
3 years ago
What do individual shareholders gain when they buy shares of a company’s stock?
Darina [25.2K]
I think the answer is A
4 0
4 years ago
Requirements
Stella [2.4K]

Journal entries:

Nov. 1, common stocks issued

Dr Cash 41,000

    Cr Common stock 41,000

Nov. 4, office supplies and furniture purchased

Dr Office supplies 1,200

Dr Furniture 2,300

    Cr Accounts payable 3,500

Nov. 6, service revenue

Dr Cash 2,100

    Cr Service revenue 2,100

Nov. 7, land purchased

Dr Land 27,000

    Cr Cash 27,000

Nov. 10, service revenue

Dr Accounts receivable 800

    Cr Service revenue 800

Nov. 14, payment of furniture

Dr Accounts payable 2,300

    Cr Cash 2,300

Nov. 15, wages expense

Dr Wages expense 1,470

    Cr Cash 1,470

Nov. 17, collection of accounts receivable

Dr Cash 500

    Cr Accounts receivable 500

Nov. 20, service revenue

Dr Accounts receivable 680

    Cr Service revenue 680

Nov. 25, received cash in advance

Dr Cash 1,900

    Cr Unearned revenue 1,900

Nov. 28, service revenue

Dr Cash 3,100

    Cr Service revenue 3,100

Nov. 29, purchase prepaid insurance

Dr Prepaid insurance 840

    Cr Cash 840

Nov. 30, wages expense

Dr Wages expense 1,470

    Cr Cash 1,470

Nov. 30, rent expense

Dr Rent expense 650

    Cr Cash 650

Nov. 30, utilities expense

Dr Utilities expense 650

    Cr Accounts payable 650

Nov. 30, dividends distributed

Dr Retained earnings 2,800

    Cr Dividends payable 2,800

Dr Dividends payable 2,800

    Cr Cash 2,800

Since there is not enough space here, I prepared an excel spreadsheet with the T-accounts.

In order to prepare a trial balance sheet, I must first prepare an Income Statement:

Service revenue              $6,680

Wages expense             ($2,940)

Rent expense                   ($650)

<u>Utilities expense              ($650)</u>

Net income:                    $2,440

Retained earnings = $2,440 (net income) - $2,800 (dividends) = ($360)

        STEWART CO.

     BALANCE SHEET

       NOV. 30, 2018

Assets:

Cash $12,070

Accounts receivable $980

Prepaid insurance $840

Office supplies $1,200

Furniture $2,300

Land $27,000

Total assets: $44,390

Liabilities and stockholders' Equity:

Accounts payable $1,850

Unearned revenue $1,900

Common stock $41,000

Retained earnings ($360)

Total liabilities and stockholders' equity: $44,390

Download pdf
8 0
3 years ago
Assume Simple Co. had credit sales of $250,000 and cost of goods sold of $150,000 for the period. Simple uses the percentage of
kati45 [8]

Answer:

$2,250

Explanation:

The computation of the bad debt expense is shown below:

= Credit sales × estimated percentage - credit balance in allowance for doubtful accounts

= $250,000 × 1% - $250

= $2,500 - $250

= $2,250

For computing the bad debt expense, we simply calculated the estimated value and then deduct the credit balance in allowance for doubtful accounts from that.

6 0
3 years ago
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