Answer:
B is the correct answer.
Explanation:
Business proposals are formal written statements made on a customer's inquiry. It can also be called as a report in which a seller describes how the business can best fulfill the needs of a customer and includes a detailed manner what the company has to offer, what the company can provide and how it can match to the buyers request and why your product is the best choice for the buyer.
It is written as a response to Request for Proposal (RFP). Request for proposal is written to request goods and services. The various sections of a business proposal are cover letter, title page, table of contents, Executive summary, procedures.
Answer:
minutes of grinding= 60,468 minutes
Explanation:
Giving the following information:
Grinding minutes per unit:
Product A= 3.80
Product B= 5.30
Product C= 4.30
Product D= 3.40
Monthly demand in units:
Product A= 4,260
Product B= 4,260
Product C= 3,260
Product D= 2,260
A total of 54,900 minutes is available per month on these machines.
minutes of grinding= Total product A + Total product B + Total product C + Total product D
minutes of grinding=4260*3.80 + 4260*5.3 + 3260*4.3 + 2260*3.4= 60,468 minutes
Answer:
D.$400 over allocated
Explanation:
For computing the over-allocated or under-allocated amount, first, we have to determine the predetermined overhead rate which is shown below:
Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)
= $371,000 ÷ 180,000 hours
= $2.06
Now we have to find the actual overhead which equals to
= Actual direct labor-hours × predetermined overhead rate
= 190,000 hours × $2.06
= $391,400
So, the ending overhead equals to
= Actual manufacturing overhead - actual overhead
= $391,000 - $391,400
= $400 over - applied
Answer:
The required adjusting entry would be to debit the Interest <u>expense</u> account and <u>credit</u> the Interest<u> </u><u>payable</u> account.
Explanation:
The number of days that a loan debt stays unpaid is referred to as the outstanding number of days.
In line with the general accounting rules, all expenses must be debited. Therefore, the interest expense has to be debited.
Interest payable, however, is the amount owed to a lender by a firm and is thus credited as the matching journal entry to the interest expense.
Therefore, we have:
The required adjusting entry would be to debit the Interest <u>expense</u> account and <u>credit</u> the Interest<u> </u><u>payable</u> account.
Answer:
A. Answer questions about the project prior to submittal of proposals
Explanation:
A bidder conference is a meeting held by a buyer to discuss a possible purchase with multiple potential suppliers.