Answer:
Debit Salaries Expense $5,400; Credit Salaries Payable $5,400
Explanation:
Based on the information given we were told
the Company employee earn the amount of $1,800 in salaries for each working day and since they are been paid on Monday for the 5 work week ending on the previous Friday in which we Assume that year ended on December 31, which is a Wednesday this means that the Journal entry will be
Dr Salaries Expense $5,400
Cr Salaries Payable $5,400
(1,800×3)
Organizations that have never dealt with one or never established an Earned Value Management System frequently undervalue the importance of the IBR (EVMS). An IBR: Offers a chance to contrast the expectations of the Customer Program Manager(s) with those of the Contractor Program Managers who are actually executing the project.
<h3>Why is an integrated baseline review important?</h3>
The IBR creates a shared knowledge of the baseline for project performance measurement. Through this knowledge, a plan of action for assessing the risks present in the program's performance measurement baseline and the management procedures in use during project execution will be agreed upon.
<h3>What is earned value management?</h3>
In order to monitor progress against a baseline, identify issues, and anticipate cost (and, to some extent, schedule) at completion, Earned Value Management (EVM), a project performance management technique, integrates cost, schedule, technical scope, and risk.
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Answer:
Both the trail mix and granola bars are tied products since the selling of one of the (the popular trail mix) is tied to the selling of the other product (the less popular granola bars).
Companies do this taking advantage of a very popular product, in order to either increase the sales of a less popular product or simply to get rid of the remaining inventories of some other product.
Answer:
a. $33,300
b. $0.03 per copy
c. $7,560
Explanation:
Units of Output = (Cost - Residual Value) × ( Period`s Production / Total Expected Production)
Depreciable Cost = Cost - Residual Value
= $36,600 - $3,300
= $33,300
Depreciation Rate = Depreciable cost ÷ Expected Production
= $33,300 ÷ 1,110,000 copies
= $0.03 per copy
Depreciation for the year = Depreciation Rate × Period`s Production
= $0.03 × 252,000 copies
= $7,560
Answer:
increase in income of $80
Explanation:
Prepare an Analysis of Costs and Savings if the Company buys from Outside Supplier.
Note : The fixed costs per unit at are unavoidable are irrelevant and disregarded in this decision.
<u>Analysis of Costs and Savings</u>
Purchase Price (400 widgets × $44.00) = ($17,600)
Savings :
Variable Costs ($35.60 × 400 widgets) = $14,240
Fixed Cost ( $8.60 × 400 widgets) = $3,440
Net Income effect = $80
Conclusion :
The effect on net income if the company instead buys the widgets is an increase in income of $80