Problem 1, The following data pertain to a single department for the month of October for ABC Company.

Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $2,300 of dir

ioda

Answer: $13,700

Explanation:

Given the following :

Month of September:

Direct materials = $2300

Direct labor used = $3800

Overhead = 200% of direct labor cost incurred

Therefore September overhead :

200% × $3800

2 × $3800 = $7,600

Work in process account at the end of September :

Direct labor cost + direct material cost + overhead

$3800 + $2300 + $7600 = $13,700

7 0

3 years ago

Old Economy Traders opened an account to short-sell 1,000 shares of Internet Dreams from the previous question. The initial marg

Molodets [167]

Answer:

a) 8,000

b) Yes

c) -60%

Explanation:

a) 8,000

b) Yes

c) -60%

) 8,000

a.the trader puts up=20000(1000*50%*40)

he lost $10000(1000*$10)

if he trader pays $2000 in dividend

the remaining margin=20000-10000-2000

$8000

b.) margin rate=equity /liability

8000/50000*100%=

16% , so we have a margin call

c.Equity decreases from 20000 to 8000 in 1 year

return= -12000/20000=-0.60

=-60%

4 0

3 years ago

Which of the following characteristics would you expect QRT Software to have? Check all that apply. In this company, decision ma

Rom4ik [11]

QRT Software creates and distributes inventory-control software. The heart of QRT Software is a small group of product managers who work with a number of external companies. One company develops the code, another is responsible for marketing, a third for quality control, and a fourth for distribution.

QRT Software is an example of team organization. As a result of this structure, which of the following are you likely to observe? Check all that apply

Answer:

This structure allows an organization to focus on a core competency.

The company is highly flexible.

This company uses outsourcing extensively to achieve organizational goals.

Explanation:

QRT Software can be seen as a well structured virtual organization; it comprises of various interdependent organizations working together through a small central team, hence, the extensive use of outsourcing to achieve the company's needs and goals.

At the same time, the vitual nature of the firm, made decision making to be spread among the external companies, thereby making the central organization to focus on its core competency. In return, this gives the company a lot of flexibility.

3 0

3 years ago

the standards for the new galaxy phone specify 4.1 direct labor-hours per unit at $12.10 per direct labor-hour. last month 1,600

hammer [34]

a.The labor rate variance for the month $2,640 (Favorable).

b.The labor efficiency variance for the month $484 (Unfavorable).

<h3>Solution:</h3>

The following is a calculation of labor rate variation and labor efficiency variance:

Variation in labor rates = Actual cost - (Actual hours x Standard rate)

= $77,220 - (6,600 × $12.10)

= $77,220 - 79,860

= $2,640 Favorable

Variation in labor efficiency = Standard rate (Actual hours - Standard hours)

= $12.10 × (6,600 - 1,600 × 4.1)

= $12.10 × 40

= $484 Unfavorable

<h3 /><h3>Direct Labor:</h3>

Direct labor (DL) expenses in accounting are the costs connected with paying people to produce a product or perform a service. Workers must be explicitly involved in the production or delivery of the product or service. One of the costs associated with manufacturing a product or delivering a service is direct labor expenditures. Furthermore, direct labor costs differ from indirect labor expenses.

The following are some examples of direct labor costs:

1.Wages paid to assembly line workers in a manufacturing context.

2.Wages given to restaurant kitchen staff in a service setting.

Learn more about labor-hours:

brainly.com/question/15701334

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4 0

1 year ago

Daniel’s family exports custom cowboy hats to Australia and Brazil. Would a “stronger” dollar be helpful to their business?

grandymaker [24]

Answer:

I would have to say A. Yes

Explanation:

If they have a stronger dollar that doesn't drop in value quickly then they can keep on accepting that currency reliably.

5 0

3 years ago

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