Answer:
The preparation is shown below:
Explanation:
The preparation of the physical flow schedule is presented below:
Beginning work in process units 80,000 units
Units started in process 95,000 units
Total units to account for 175,000 units
Units accounted for:
Units completed and transferred out:
Started and completed 78,000 (95,000 units - 17,000 units)
Beginning work in process 80,000
Ending work in process units 17,000
Total units accounted for 175,000
Answer:
a. Determine the standard cost per unit for direct materials and direct labor.
standard direct labor rate = $20 x 30/60 minutes = $10 per faucet
standard direct materials rate = $1.80 x 2.5 lbs = $4.50 per faucet
b. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance.
direct materials price variance = (actual price x actual quantity) - (standard price x actual quantity) = ($1.95 x 13,000) - ($1.80 x 12,500) = $25,350 - $22,500 = $2,850 UNFAVORABLE
direct materials quantity variance = (standard price x actual quantity) -(standard price x standard quantity) = ($1.80 x 13,000) - ($1.80 x 12,500) = $23,400 - $22,500 = $900 UNFAVORABLE
total direct materials variance = direct materials price variance + direct materials quantity variance = $2,850 + $900 = $3,750 UNFAVORABLE
Answer:
General agent
Explanation:
A general agent is a person that the principal authorises to perform transactions in relation to a part business on a certain place.
A general agent can perform all acts in relation to a business that has been assigned by the principal. For example in real estate when an agent performs property management functions for his client he is acting as a general agent.
On the other hand a special agent is one that is employed by a principal to perform a specific task or job and his scope of responsibility is limited to that job function.
Answer:
$23,740
Explanation:
Given that,
Sales = $103,000
Fixed expenses for the month = $36,000
Contribution margin ratio = 58%
Net operating income:
= (Contribution margin ratio × Sales) - Fixed expenses for the month
= (0.58 × $103,000) - $36,000
= $59,740 - $36,000
= $23,740
Therefore, the best estimate of the company's net operating income in a month when sales are $103,000 is $23,740.
The answer is authorized to use an organization’s system. In addition, if an authorized user tells another person his secret code, the unauthorized user can masquerade as the authorized user with significantly less likelihood of detection. People who have some motive to attack an organization and are not authorized to use the system of the organization are called outsiders and can pose a serious threat to an organization.
