Answer:
$37,000
Explanation:
The following costs were incurred in a recent period
Direct Materials $33,000
Depreciation on Factory Equipment $12,000
Factory Janitor's Salary $23,000
Direct Labor $28,000
Utilities for Factory $9,000
Selling Expenses $16,000
Production Supervisor's Salary $34,000
Administrative Expenses $21,000
Therefore, the total amount of period cost can be calculated as follows
Total amount of period costs = Selling expenses + administrative expenses
= $16,000 + $21,000
= $37,000
Hence the total amount of period costs for the above period is $37,000
Answer:
Note: The full question is attached as picture below
a. Let X is denoted as company’s monthly demand, P(X=x) is denoted as the probability of the company’s monthly demand.
The expected value is obtained below:
E(X) = (300*0.20) + (400*0.30) + (500*0.35) + (600*0.15)
E(X) = 60+120+175+90
E(X) = 445
b. The expected value of the monthly demand is 445. The each unit demands the revenue to generate is $70 and their cost is $50.
The gain/loss of the company = (300*(70−50)) - (145*50)
The gain/loss of the company = (300*20) - (145*50)
The gain/loss of the company = 6,000 - 7,250
The gain/loss of the company =−$1,250(Loss)
Direct Material Cost Per Square Foot= 8+.1= 8.1 per square foot.
Answer: D. Liabilities, stockholders' equity, and revenues.
Explanation: In case of liabilities and equity increase by credit because they are the funds with which the company has to finance the assets according to the balance sheet. Example: Accounts payable suppliers, share capital of shareholders.
Revenues correspond to the income statement and also increase in credit. Example: Revenue from sales, income from commissions.
Cost reduction is a major advantage of outsourcing project work because companies can secure competitive prices for contracted services, especially if the work can be outsourced offshore.
Outsourcing is a business practice of employing a third party to take over tasks that were originally performed by direct employees of a company. Outsourcing is usually done as a cost reduction method including but not limited to salaries, technology, expertise, taxes, and equipment. This is possible because different organizations have different compensation structures for their employees which allows the outsourcing company to secure competitive prices for the contracted services.
Offshore outsourcing is generally an even more lucrative option as it offers expertise from around the globe, quality services with lower costs due to different costs of living, and around-the-clock services due to different time zones among other benefits.
When used properly, outsourcing is a highly effective strategy for cost reduction and provides a competitive advantage.
You can learn more about cost reduction at
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