Answer:
Please see explanation
Explanation:
1. Machine hours used by Krazy Kayak are given as follows
Machine hours=Actual manufacturing overhead costs/cost per hour
=$428,000/41
=10,439 hours
2.Manufacturing overheads are underapplied because the actual overhead cost amounting to $428,000 is greater than applied overheads amounting to $405,900. The factory overheads are under applied by $22,100(428,000-405,900)
3. The journal entry to close out over or under allocated overhead are given as follows:
Debit Credit
Factory overheads applied $405,900.
Profit and loss account $22,100
Factory overheads Control $428,000
Answer: $33,280
Explanation:
With FIFO, materials cost is added at the beginning.
Cost per unit of materials in production:
= 15,000 / 10,000
= $1.50
Cost per unit of conversion:
= 25,000 / Equivalent unit of production for conversion
Equivalent unit of production for conversion:
2,000 units were not transferred at the end of the month seeing as only 8,000 units were:
= 8,000 + (2,000 * 70%)
= 9,400 units
= 25,000 / 9,400
= $2.66
Amount transferred:
= 8,000 units * (Material cost + Conversion cost)
= 8,000 * (1.50 + 2.66)
= $33,280
In a functional structure organization the grouping is based on the Functional specialization of the individual. Product division is the division of an organization refers to the division based on the product .Like television department,Washing machine department,Fridge department.Geographic division refers to division based on the geographic location.Customer division refers to the commercial division
Explanation:
- <u>Functional Structure</u> :V.P., Human Resources: Mr. Allen is the top human resources executive.
- <u>Product Division: </u>V.P., Television Division: Mr. Hernandez oversees the television division.
- <u>Geographic Division :</u>V.P., European Market: Ms. Orlov is in charge of the company's European markets.
- <u> Customer Division :</u>V.P., Commercial Accounts: Ms. Nguyen is the head of commercial accounts.
- <u> Simple Structure :</u> Ms. Fineberg has low work specialization and few rules in her position.
In a functional structure organization the grouping is based on the Functional specialization of the individual.
Product division is the division of an organization refers to the division based on the product .Like television department,Washing machine department,Fridge department.
Geographic division refers to division based on the geographic location.
Customer division refers to the commercial division
Answer:
The most likely factor that this department store company would have considered in discontinuing its credit card operations is the issue of bad debt.
Bad debt may likely have prevented them from making the required profit to cater for the needs of the company such as payment of salaries and purchase of goods which if not treated may lead to the collapse of the company.
