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2 years ago

Tyare Corporation had the following inventory balances at the beginning and end of May:

Business

1 answer:

Oksana_A [137]2 years ago

6 0

Answer:

a. $5,460

Explanation:

The computation of the ending amount of direct labor cost is shown below:

First we have to compute the direct labor hours which is

= Ending work in process - direct materials cost

= $17,578 - $7,750

= $9,828

The total per direct labor hours is

= $12 + $15

= $27

So, the direct labor hours would be

= $9,828 ÷ $27

= 364 hours

So, the ending direct labor cost is

= 364 hours × $15 per hour

= $5,460

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QUICKEST AND BEST ANSWER GETS A FOLLOW AND BRAINLIEST

Bumek [7]

Back in 2015, McDonald’s was struggling. In Europe, sales were down 1.4% across the previous 6 years; 3.3% down in the US and almost 10% down across Africa and the Middle East. There were a myriad of challenges to overcome. Rising expectations of customer experience, new standards of convenience, weak in-store technology, a sprawling menu, a PR-bruised brand and questionable ingredients to name but a few.

McDonald’s are the original fast-food innovators; creating a level of standardisation that is quite frankly, remarkable. Buy a Big Mac in Beijing and it’ll taste the same as in Stratford-Upon Avon.

So when you’ve optimised product delivery, supply chain and flavour experience to such an incredible degree — how do you increase bottom line growth? It’s not going to come from making the Big Mac cheaper to produce — you’ve already turned those stones over (multiple times).

The answer of course, is to drive purchase frequency and increase margins through new products.
Numerous studies have shown that no matter what options are available, people tend to stick with the default options and choices they’ve made habitually. This is even more true when someone faces a broad selection of choices. We try to mitigate the risk of buyers remorse by sticking with the choices we know are ‘safe’.

McDonald’s has a uniquely pervasive presence in modern life with many of us having developed a pattern of ordering behaviour over the course of our lives (from Happy Meals to hangover cures). This creates a unique, and less cited, challenge for McDonald’s’ reinvention: how do you break people out of the default buying behaviours they’ve developed over decades?

In its simplest sense, the new format is designed to improve customer experience, which will in turn drive frequency and a shift in buying behaviour (for some) towards higher margin items. The most important shift in buying patterns is to drive reappraisal of the Signature range to make sure they maximise potential spend from those customers who can afford, and want, a more premium experience.
I hope this was helpful

8 0

2 years ago

Hudson Co. reports the contribution margin income statement for 2015. Assume sales remain constant at 10.000 units.HUDSON CO. Co

gizmo_the_mogwai [7]

Answer:

Results are below.

Explanation:

Giving the following information:

Selling price= $244

Unitary variable cost= 195 - 8= $187

Fixed costs= 327,600 + 37,000= $364,600

<u>We need to determine the new pre-tax income:</u>

Sales= 244*10,000= 2,440,000

Total variable cost= 187*10,000= (1,870,000)

Total contribution margin= 570,000

Fixed costs= (364,600)

Pre-tax income= 205,400

5 0

2 years ago

Which of the following actions would be likely to encourage a firm's managers to make decisions that are in the best interests o

vaieri [72.5K]

I think it is grey with blue tinsel charts... 86/56

8 0

2 years ago

On January 1, 2021, the general ledger of TNT Fireworks includes the following account balances:

ivolga24 [154]

Answer:

TNT Fireworks

1. Adjusting Entries on January 31:

Accounts Debit Credit

a. Depreciation Expense $375

Accumulated Depreciation $375

b. Uncollectible Expense $5,620

Allowance for Uncollectible Accounts $5,620

c. Accrued interest revenue $120

Interest Revenue $120

d. Salaries Expense $34,000

Salaries payable $34,000

e. Income Tax Expense $10,400

Income tax payable $10,400

2. Adjusted Trial Balance as of January 31, 2021:

Accounts Debit Credit

Cash $ 2,600

Accounts Receivable 238,400

Allowance for Uncollectible Accounts $9,220

Inventory 12,600

Notes Receivable

(5%, due in 2 years) 28,800

Land 169,000

Equipment 20,900

Accumulated Depreciation 375

Depreciation Expense 375

Salaries Expense 65,200

Utilities Expense 17,900

Income Tax Expense 10,400

Uncollectible Expense 5,620

Accounts Payable 102,200

Salaries Payable 34,000

Income Taxes Payable 10,400

Common Stock 234,000

Retained Earnings 69,600

Sales Revenue 234,000

Interest Revenue 120

Accrued Interest

Receivable 120

Cost of Goods Sold 122,000

Total $693,925 $693,915

3. Multi-step Income Statement for the period ended January 31, 2021:

Sales Revenue 234,000

Cost of goods sold 122,000

Gross profit $112,000

Interest Revenue 120

Total revenue $112,120

Depreciation Expense 375

Salaries Expense 65,200

Utilities Expense 17,900

Uncollectible Expense 5,620 $89,095

Income before tax $23,025

Income Tax Expense 10,400

Net Income $12,625

Retained Earnings, January 1 69,600

Retained Earnings, January 31 $82,225

4. Classified Balance Sheet as of January 31, 2021:

Assets:

Cash $ 2,600

Accounts Receivable 238,400

Uncollectible Accounts 9,220 229,180

Accrued Interest Receivable 120

Inventory 12,600

Current assets $244,500

Notes Receivable

(5%, due in 2 years) 28,800

Land 169,000

Equipment 20,900

Accumulated Dep. 375 20,525 218,325

Total assets $462,825

Liabilities:

Accounts Payable 102,200

Salaries Payable 34,000

Income Taxes Payable 10,400 $146,600

Equity:

Common Stock 234,000

Retained Earnings 82,225 $316,225

Total liabilities and Equity $462,825

5. Closing Journal Entries:

Accounts Debit Credit

Income Summary $221,495

Depreciation Expense 375

Salaries Expense 65,200

Utilities Expense 17,900

Income Tax Expense 10,400

Uncollectible Expense 5,620

Cost of Goods Sold 122,000

To close temporary accounts to the income summary.

Sales Revenue 234,000

Interest Revenue 120

Income Summary $234,120

To close temporary accounts to the income summary.

Cash $ 2,600

Accounts Receivable 238,400

Inventory 12,600

Notes Receivable

(5%, due in 2 years) 28,800

Accrued Interest

Receivable 120

Land 169,000

Equipment 20,900

Allowance for Uncollectible Accounts $9,220

Accumulated Depreciation 375

Accounts Payable 102,200

Salaries Payable 34,000

Income Taxes Payable 10,400

Common Stock 234,000

Retained Earnings 82,225

To close permanent accounts to the balance sheet.

Explanation:

a) Data and Calculations:

Accounts Debit Credit

Cash $ 60,100

Accounts Receivable 27,800

Allowance for

Uncollectible Accounts $ 3,600

Inventory 37,700

Notes Receivable

(5%, due in 2 years) 28,800

Land 169,000

Accounts Payable 16,200

Common Stock 234,000

Retained Earnings 69,600

Totals $ 323,400 $ 323,400

See workings attached.

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8 0

3 years ago

marks corporation has two operating departments, drilling and grinding, and an office. the three categories of office expenses a

Scorpion4ik [409]

The correct answer is $35750

The amount of depreciation that should be allocated to drilling for the current period is $35750

<h3>How does depreciation work?</h3>

Depreciation is the process of subtracting the entire cost of an expensive item you purchased for your company. However, you write off portions of it over time rather than completing it altogether in one tax year. Depreciating assets gives you more control over your budget because you may schedule how much money is written off annually.

<h3>How much depreciation should be devoted to drilling throughout the current time frame?</h3>

Office costs: Salaries are $30,000, depreciation is $20,000, and advertising is $40,000. The total number of employees for drilling and grinding is 2500.

The overall net sales for drilling are 375 000, for grinding they are 450 000.

Drilling costs are 75,000, grinding costs are 125,000, and overall costs are 200000.

then,

Salaries: $30,000× $\frac{1000}{2500}$ =$12,000

Depreciation: $20,000× $\frac{75000}{200000}$ =$7,500

Advertising: $40,000× $\frac{325000}{800000}$ =$16,250

Total $35,750

To know more about depreciation work visit:

brainly.com/question/14864259

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question options are wrong the correct question is:

marks corporation has two operating departments, drilling and grinding, and an office. the three categories of office expenses are allocated to the two operating departments using different allocation bases. the following information is available for the current period: office expenses total allocation base salaries $ 30,000 number of employees depreciation 20,000 cost of goods sold advertising 40,000 percentage of total sales department number of employees sales cost of goods sold drilling 1,000 $ 325,000 $ 75,000 grinding 1,500 475,000 125,000 total 2,500 $ 800,000 $ 200,000 the amount of depreciation that should be allocated to drilling for the current period is: multiple choice $25,000. $12,500. $7,500. $20,000. $35750. this is a correct option.

8 0

1 year ago