Answer:
That statement is true
Explanation:
Strategic goal is the type of goal that is carefully designed to accomplish a business strategy, This type of goals need to express the desired outcome that wanted be achieved and listed a specific set of actions that can make the company achieve that outcome. Strategic goal commonly created when a company want a more concrete way to measure its success compared to other competitors.
This can be seen in Jerome's italian pizza.
"Increase profits by 15% a year for each of the next five years" is what considered to be the desired outcome.
lowering costs and prices, providing quicker delivery, and providing good customer service are the Sets of action that the company intended to take.
Answer:
Fuel is an expense and the fact that it was not paid off immediately means that it is an amount owed to Western Oil thereby making it an Accounts Payable.
Journal entry is:
Date Account title and Description Debit Credit
Fuel Expense $4,360
Accounts Payable $4,360
Answer:
a.) Raw material 210000
Account payable 210000
(Purchase material on account)
b.) 1.Work in process 151200
Raw material 151200
(material used)
2.Overhead 37800
Raw material 37800
(Record indirect material )
c.)1. Work in process 49000
Factory payroll 49000
(Record direct labor)
2. Overhead 20000
Factory payroll 20000
(Record indirect labor)
d.) Overhead 106000
Accumulated depreciation 106000
(record depreciation)
e.) Overhead 130000
Account Payable 130000
f.) work in process (8*76400) 611200
Overhead 611200
g.) Finished goods 511000
Work in process 511000
( record completion of goods from wip to finished goods)
h.)Account receivable 605680
Sales 6056800
(record sales on account)
Explanation:
f.Overhead applied to a particular job= Predetermined rate* job hours allocated
h. copmlete job were shipped to customer at 34% above cost =(452000*34%)=452000+153680=605680.
Answer:
$784,000
Explanation:
For calculating budgeted sales for the upcoming week can be calculated as under:
Sale Budget (Units) = Hardcover Books sales units per day * 7 days
= 1,600 books per day * 7 days
= 11,200 Units
Now the sales units would be converted into Dollars:
Sales Budget ($) = 11,200 Units * $70 days = $784,000
