All categories

2 years ago

Selected data for Lemon Grass, Inc. for the year are provided below:_________.

Business

1 answer:

____ [38]2 years ago

3 0

Answer:

Total= $65,900

Explanation:

Manufacturing overhead costs are all the production costs that are involved in production but aren't direct material or direct labor.

Manufacturing overhead:

Factory Utilities $1,600

Indirect Materials Used 30,000

Property Taxes on Factory Building 6,400

Indirect Labor Incurred 21,000

Depreciation on Factory Equipment 6,900

Total= $65,900

You might be interested in

Gato Inc. had the following inventory situations to consider at January 31, its year-end. (a1) Identify which of the following i

Norma-Jean [14]

Answer:

A) Should not be included in inventory but included in Steele Corp's inventory

B) Should be included in inventory

C) Should be included in inventory

D) Should not be included in inventory because once they are shipped, they become the buyers property.

E) Should not be included in inventory but suppliers inventory.

F) Should be included in inventory

G) Should not be included in inventory. Should be included in Office Supplies inventory rather than Merchandise Inventory

Explanation:

A) Should not be included in inventory but included in Steele Corp's inventory

B) Should be included in inventory

C) Should be included in inventory

D) Should not be included in inventory because once they are shipped, they become the buyers property.

E) Should not be included in inventory but suppliers inventory.

F) Should be included in inventory

G) Should not be included in inventory. Should be included in Office Supplies inventory rather than Merchandise Inventory

4 0

3 years ago

Clearwater Hampers is a small British company that sells luxury food and drink gifts in various combinations in picnic hampers.

Nikolay [14]

Answer:

The correct phrase for the blank space is: creative problem solver.

Explanation:

Companies have to adapt to their customers to attract more of them, moreover, when the institutions have a presence in different regions worldwide. In such scenarios, they have to act as creative problem-solvers to adjust what the consumer desire and what the institution has projected to offer.

Firms must conduct different market research to gather more information on their target market and should study the resources it counts on to satisfy those individuals' expectations.

8 0

3 years ago

Suppose you are the CEO of a start-up toy manufacturer. You know that if your business is to be successful, you have to create a

Sauron [17]

Answer:

a. Leslie, who is independent and self-confident. She doesn’t need people to tell her what to do.

b. Malcolm, who loves to play. His last boss says that Malcolm was the "chief kid" in his last office.

c. Frankie, who has been in the toy business for 10 years and who knows what he’s doing, but who always likes testing a new idea.

Explanation:

In this scenario the CEO of a start-up toy manufacturer wants to create at least 10 wildly different toys in the next three years.

He will primarily need people that are creative and are inclined to work with new ideas.

The wrong choice will be someone who follows the rules and is stable. Such a staff will not contribute new ideas that will move the company to make profits.

Leslie is confident and does not need to be told what to do, so she will take initiative to do new things.

Malcolm loves to play and this will boost creative ideas.

Frankie likes testing new ideas and will be comfortable working creatively.

6 0

3 years ago

This year Ed celebrated his 25th year as an employee of Designer Jeans Company. In recognition of his long and loyal service, th

Zinaida [17]

Answer:

The answer is A) $2,000

Explanation:

According to the IRS Publication 525 (2018), Taxable and Nontaxable Income

"If you receive tangible personal property (other than cash, a gift certificate, or an equivalent item) as an award for length of service or safety achievement, you generally can exclude its value from your income. However, the amount you can exclude is limited to your employer's cost and can’t be more than $1,600 ($400 for awards that aren’t qualified plan awards) for all such awards you receive during the year. Your employer can tell you whether your award is a qualified plan award. Your employer must make the award as part of a meaningful presentation, under conditions and circumstances that don’t create a significant likelihood of it being disguised pay."

Ed has to include the $2,000 he received as income but the $250 watch can be excluded.

8 0

3 years ago

Cheryl wants to have $2,000 in

Marina CMI [18]

Answer:

$1, 727.68

Explanation:

Cheryl wants to have $2000 three years from now in an account that pays 5%

The $2000 is equivalent to the Future value when applying the compound interest formula. The present value is the amount she needs to invest now.

Fv= PV (1+5/100)^3

$2000 = PV(1+0.05)^3

$2000 =Pv 1.157625

Pv = $2000/1.157625

Pv= 1,727.68

Cheryl has to invest $1, 727.68

4 0

2 years ago

Selected data for Lemon​ Grass, Inc. for the year are provided​ below:_________.

Selected data for Lemon Grass, Inc. for the year are provided below:_________.