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Zina [86]
2 years ago
12

hen a store has a sale, it cuts the prices on the goods it sells. Is that more likely to happen when there is a surplus orwhen t

here is a shortage
Business
1 answer:
ch4aika [34]2 years ago
5 0
When there is a surplus. Obviously the producer/seller has more of the item than the consumer/buyers want or need. Therefore, they (producers) are reducing the price to unload the item. A surplus tends to cause prices to fall.
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The Red Wolf Society, a nongovernmental not-for-profit organization, receives numerous contributed hours from volunteers during
Allushta [10]

Answer:

$1,600

Explanation:

Revenue is recognized as and when the <em>control</em> of a good or service is transferred to the customer.

Total Hours = 10 hours × 8 weeks

                    = 80 hours

Use the <em>rate of pay at the utility office</em> to determine the contribution revenue for Red Wolf Society

Revenue = 80 hours × $20 per hour

               = $1,600

4 0
2 years ago
Plant-wide, department, and activity-cost rates. Acclaim Inc. makes two styles of trophies, basic and deluxe, and operates at ca
Elena L [17]

Answer:

Acclaim Inc.

                                         Basic Trophies     Deluxe Trophies

Budgeted unit cost:

a. using single-plant o/h rate   $17.60                  $28.80

b. using departmental rates    $17.42                  $29.16

c. using ABC                            $18.26                  $27.48

d. They show different costs because the overhead rates are based on different parameters.

I recommend ABC system.  It is more fair because the overhead rates are based on product line's activity usage instead of an arbitrary figure.

Explanation:

a) Data and Calculations:

                                         Basic Trophies     Deluxe Trophies        Total

Budgeted production               10,000                   5,000              15,000

Batches                                         200                        50                   250

                                         Basic Trophies     Deluxe Trophies        Total

Forming Department            $60,000              $35,000           $95,000

Direct manufacturing labor $30,000              $20,000           $50,000

Assembly

Direct materials                    $5,000                $10,000            $15,000

Direct manufacturing labor  15,000                  25,000             40,000

Total direct costs              $110,000                $90,000        $200,000

Overhead costs                  66,000                   54,000           120,000

Total production costs    $176,000               $144,000        $320,000

Budgeted production          10,000                    5,000

Budget unit costs               $17.60                  $28.80

Overhead rate

Total overhead/total direct costs = $120,000/$200,000 = $0.60

                                                             Basic        Deluxe        Total

                                                         Trophies    Trophies

Forming department:

Overhead costs Setup $48,000

General overhead        $32,000

Total overhead costs   $80,000

Overhead rate = $80,000/$145,000 = $552

 Assembly department

General overhead         $40,000/$55,000 = $0.727

                                         Basic Trophies     Deluxe Trophies        Total

Forming Department            $60,000              $35,000           $95,000

Direct manufacturing labor $30,000              $20,000           $50,000

Total direct costs                 $90,000              $55,000          $145,000

Overhead costs                     49,680                 30,360              80,040

Total departmental costs  $139,680               $85,360         $225,040

Assembly

Direct materials                    $5,000                $10,000            $15,000

Direct manufacturing labor  15,000                  25,000             40,000

Total direct costs               $20,000                $35,000          $55,000

Overhead costs                    14,540                   25,445            39,985

Total departmental costs  $34,540                $60,445          $94,985

Total production costs     $174,220               $145,805       $320,025

Budgeted production          10,000                    5,000

Budget unit costs               $17.42                  $29.16

                                         Basic Trophies     Deluxe Trophies        Total

Forming Department            $60,000              $35,000           $95,000

Direct manufacturing labor $30,000              $20,000           $50,000

Assembly

Direct materials                    $5,000                $10,000            $15,000

Direct manufacturing labor  15,000                  25,000             40,000

Total overhead allocated  $72,600                 $47,400        $120,000

Total production costs    $182,600                $137,400       $320,000

Budgeted production          10,000                    5,000

Budget unit costs                $18.26                  $27.48

Overhead costs allocation:

                                                            Basic        Deluxe        Total

                                                         Trophies    Trophies

Forming department:

Overhead costs Setup $48,000/250  $38,400  $9,600     $48,000

General overhead  $32,000/$50,000   19,200   12,800       32,000

Assembly department

General overhead $40,000/$40,000   15,000   25,000      40,000

Total overhead allocated                    $72,600 $47,400   $120,000

6 0
3 years ago
A ________ system tracks all communications between the company and the customer, the purpose of each communication, and any nec
jeka94
Contact management is a system that tracks all communications between the company and the customer, the purpose of each communication, and any necessary follow-up.
4 0
2 years ago
Four companies computed their days' sales in inventory as follows: Company A: 47.2 Company B: 36.5 Company C: 45.1 Company D: 39
Leviafan [203]

The most efficient and effective in managing its inventory is Company B.

<h3>Who is the most efficient?</h3>

The days' sales in inventory  is a financial ratio that measures the rate at which a firm is able to sell its inventory in a given year. The lower the ratio, the more efficient a firm is in selling its inventory.

Days' sales in inventory = number of days in a period / inventory turnover

Inventory turnover =  cost of goods sold / average inventory

To learn more about financial ratios, please check: brainly.com/question/26092288

#SPJ1

7 0
2 years ago
A project requires many different resources for its execution. thus, a project manager has requested a new part from an out-of-s
Stella [2.4K]
Your answer is:

4 business days
8 0
3 years ago
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