Mcgraw hill education physical science vocabulary list 8th grade

Classify the following items as Direct materials, Selling and administrative expense, Factory overhead, or Direct labor. a. Rent

xxTIMURxx [149]

Answer:

a. Rent expense on factory building = Factory overhead, because it is the factory building.
b. Sales supplies used = Selling and administrative expense.
c. Factory supplies used = Factory overhead.
d. Indirect materials used = Factory overhead.
e. Wages of assembly line personnel = Direct Labor.
f. Cost of primary material used to make product = Direct Materials.
g. Depreciation on office equipment = Selling and administrative expense.
h. Rent on office facilities = Selling and administrative expense.
i. Insurance expired on factory equipment = Factory overhead.
j. Utilities incurred in the office = Selling and administrative expense.
Advertising expense = Selling and administrative expense.

4 0

3 years ago

How would you ensure that proper plans are installed for the creditors section which was been managed poorly in the future?

Natalija [7]

I'm not sure whether you have any options, but here are some of the ways you can ensure that proper plans are installed for the creditors section in the future:
1. Proper handing and monitoring of resources which includes systems, documentation, and procedures - this is very important, to take care of everything so that there are no mistakes
2. Finances must be reviewed correctly, either it is external or internal - unless you do this, you are facing a risk of losing yours, as well as creditors' money
3. Perform and conduct series of simulations before actual implementation - you need to know whether your changes will work before you actually introduce them

5 0

3 years ago

Firms are very small relative to the market. Firms have significant price control. Firms produce very similar products. There is

Anika [276]

Answer:

Firms are very small relative to the market. PERFECT COMPETITION
Firms have significant price control. NOT PERFECT COMPETITION - in perfect competition all firms are price takers.
Firms produce very similar products. PERFECT COMPETITION
There is a large number of firms. PERFECT COMPETITION
There are significant barriers to entry and exit to the market. NOT PERFECT COMPETITION - in perfect competition there is free market entry and exit
Firms have no price control. PERFECT COMPETITION
Firms produce differentiated products. NOT PERFECT COMPETITION - in perfect competition firms produce homogeneous products.

7 0

2 years ago

Palmona Co. establishes a $200 petty cash fund on January 1. On January 8, the fund shows $38 in cash along with receipts for th

FrozenT [24]

Answer:

Date Explanation Debit Credit

January 1 Petty Cash $200

Cash $200

Explanation:

Step 1: Journal Entries to Establish the Fund on January 1

Date Explanation Debit Credit

January 1 Petty Cash $200

Cash $200

Being the establishment of petty cash fund

Step 2: Preparing Journal Entries to reimburse funds on January 8

Date Explanation Debit Credit

January 8 Postage $74

Transportation $29

Delivery $16

Miscellaneous $43

Cash $162

Being the reimbursement of Petty Cash Fund.

Petty Cash is usually a fund established by an organisation to take care of day to day expenses. At the end of a period or at the exhaustion of the fund, an account is given and then the amount spent is reimbursed.

7 0

3 years ago

For the case of a perfectly price-discriminating monopolist (ppdm), producer surplus can be calculated as:

Marrrta [24]

Answer:

Explanation:

Producer surplus can be defined as the difference between how much a person can receive by selling a good at the market price versus how much a person would be willing to accept for the given quantity of good.

The Perfect Price Discrimination (1st degree price discrimination) will occur when an organization charges a different price for every unit consumed.

Producer surplus is formally given as PS = TR( q ppdm ) 0 q ppdm MC(q)dq

Where TR is the Total Revenue

For total cost and the definite integral of marginal cost over the range of output, we find that PS = TR( q ppdm ) TC( q ppdm ).

That is the sum of the consumer surplus and producer surplus is the total gains from trade.

8 0

3 years ago