Which of the following best describes the management function of organizing?

Gradwell, Inc., manufactures and sells two products: Product K8 and Product I4. Data concerning the expected production of each

lisabon 2012 [21]

Answer:

Gradwell, Inc.

The overhead applied to each unit of Product I4 under activity-based costing is closest to:_______.

$243.00 per unit.

Explanation:

a) Data and Calculations:

production per unit DL rate Total Labor Cost

product K8 300 5.0 1,500 $17.20 $25,800

product I4 900 3.0 2,700 $17.20 $46,440

total direct labor hours 4,200 $17.20 $72,240

production per unit Direct Materials Total Material Cost

product K8 300 $150.20 $45,060

product I4 900 $243.70 219,330

Total direct materials costs = $264,390

Estimated Expected activity

Activity Cost Pools Activity Measures Overhead Product Product Total

Cost K8 I4

labor related DLHs $176,064 1,500 2,700 4,200

machine setups setups 71,290 400 600 1,000

order size MHs 121,396 4,300 4,600 8,900

Total $368,750

Overhead Cost Allocation Product Product Total

K8 I4

Labor cost $62,880 $113,184 $176,064

Machine setups 28,516 42,774 71,290

Order size 58,652 62,744 121,396

Total $150,048 $218,702 $368,750

Quantity 300 900

Overhead per unit $500.16 $243.00

4 0

3 years ago

Malcolm is a professional writer. He has already published many best-sellers. One of his friends expressed interest in knowing m

maxonik [38]

Answer:

Malcolm is a professional writer. He has already published many best-sellers. One of his friends expressed interest in knowing more about his writing process, so Malcolm showed his friend a few of his first drafts. The friend observed that the drafts were nothing like the final book, and the writing seemed amateurish compared to Malcolm's published work. When asked about it, Malcolm said that it was the normal way of things. In this scenario, the following is the reason of this:

A) Malcolm would have revised his work many times before he was satisfied with it.

Explanation:

The option A is best reason because generally a writer doesn't break his or her flow while writing and that is what Malcolm would have done. After, he would have revised his work many times until he was satisfied.
The option B is not correct as it is not possible to change the book of a writer entirely by the publishing company.
The option C is also incorrect as the drafts were not long and cohesive because his friend found the draft amateurish but not perfect.
The option D is incorrect as it is not true that writers only create first draft and other people produce all other subsequent drafts.

4 0

3 years ago

Maggie called her insurance agent after estimating the damages. She had already spent $2,000 on pumping out the water and repair

Sonja [21]

The correct answers are B, E and D

6 0

3 years ago

Read 2 more answers

A new technological breakthrough increases production for an industry and shifts the supply curve to the right. If the firm ____

Katyanochek1 [597]

Answer:

The correct answer is letter "C": produces products that are considered elastic.

Explanation:

Elasticity refers to the sensitivity of a good or service to reflect change in its supply or demand after a change in price. A product's supply is said to be elastic if the changes in the quantity supplied increases and it immediately determines a price in the price.

Thus, if for technological reasons the output of a company increases, considering that the product is elastic, the prices will increases which will provide the organization more revenue. That firm will be more than glad about the technological advance.

6 0

3 years ago

Owen is considering giving a large charitable contribution to an organization in the current year. Owen's adjusted gross income

oee [108]

Answer:

Explanation:

There is a limit on the amount of charitable contribution that a taxpayer can claim as deduction and it depends on the type of property that a taxpayer donates and nature of charity organization. A taxpayer can deduct up to 60% of adjusted gross income (AGI) in the case of cash contributions to public charity. When he contributes capital gain property, he can deduct up to 30% of adjusted gross income in the case of public charity. When he contributes capital gain property to private non operating foundation, he can deduct up to 20% adjusted gross income.

Calculate the maximum amount of deduction as follows

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4 0

3 years ago