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kenny6666 [7]
3 years ago
7

Marshall Welding Company has two service departments (Cafeteria and Human Resources) and two production departments (Machining a

nd Assembly). The number of employees in each department follows. Cafeteria 20 Human Resources 30 Machining 100 Assembly 150 Marshall Welding uses the step-down method of cost allocation and allocates cost on the basis of employees. Human Resources cost amounts to $1,200,000, and the department provides more service to the firm than Cafeteria. How much Human Resources cost would be allocated to Machining
Business
1 answer:
Serhud [2]3 years ago
5 0

Answer:

the  cost of Human Resources would be allocated to Machining is $480,000

Explanation:

The computation of the cost of Human Resources would be allocated to Machining is given below:

= Cost of the human resource × machining department ÷ (machining department + assembly department)

= $1,200,000 × 100 ÷ (100 +  150)

= $480,000

hence, the  cost of Human Resources would be allocated to Machining is $480,000

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2.A company began 2019 with retained earnings of $23.45 million. During the year, it paid four quarterly dividends of 0.25 per s
Naily [24]

Answer: $23.63 million

Explanation:

First and foremost, we can calculate the quarterly common stockholder dividend which will be:

= $0.25 × 1 Million

= $0.25 million

Then, the annual dividend to the common stockholders will be:

= $0.25 million × 4

= $1 million

The quarterly preferred stockholder dividend will be calculated as:

= $0.50 × 0.50 Million

= $0.25 million

We would then multiply $0.25 million by 4 to get the annual dividend attributable to the preferred stockholders which will be:

= $0.25 million × 4

= $1 Million

Total Dividend would then be:

= Annual dividend to common stockholders + Annual dividend to preferred stockholder

= $1 Million + $1 Million

= $2 Million

The value of the retained earnings balance at the end of the year will then be:

= Retained Earnings at the beginning of the year + Net Income – Dividend

= $23.45 + $2.18 - $2.00

= $23.63 million

3 0
3 years ago
Which of the following marketing budgets is based on marketing tasks? A. Bottom-up B. Customer-mix C. Percent-of-sales D. Top-do
Hunter-Best [27]
<h2><u>Answer:</u></h2>

The correct option is A (Bottom-Up)

<h3><u>Explanation:</u></h3>

As indicated by Theoretical Synthesis, "when an upgrade is displayed short and lucidity is unsure that gives an ambiguous boost, discernment turns into a best down methodology." Conversely, brain research characterizes base up handling as a methodology wherein there is a movement from the individual components to the entirety.  

Bottom Up Strategic Management. With a best down key methodology, the official group of the business sets up plans and objectives, and afterward imparts that system to center supervisors, who at that point move toward becoming entrusted with executing that procedure through general population representatives.

8 0
3 years ago
QS 15-4 Raw materials journal entries LO P1 During the current month, a company that uses job order costing purchases $90,000 in
Temka [501]

Answer:

The journal entries are shown below:

Explanation:

The journal entries are as follows

Raw materials inventory $90,000  

      To  Cash  $90,000

(Being the raw material is purchase for cash is recorded)

Factory overhead $17,000  

         Raw materials inventory  $17,000

(Being the factory supplies is recorded)

Work in process inventory $66,100  

         Raw materials inventory $66,100

(Being the work in process is recorded)

Only these three entries are to be recorded)

8 0
3 years ago
Robinson's has 24,000 shares of stock outstanding with a par value of $1 per share and a market price of $40 a share. The balanc
Zina [86]

Answer:

Find attached question with multiple choices

The third option ,72,000 shares, is the correct answer.

Explanation:

A stock split refers to redenomination of shares by increasing the number of shares and proportionately reducing the number par value per share.

A 3-1 share split means that one prior share now commands three shares while the price of one share is apportioned between the three shares

Robinson now 3/1*24,000 shares=72,000 shares

One previous share was $1 par value but the three new shares would $1/3=$0.33 per share instead of the previous $1 par value

Download xlsx
7 0
3 years ago
Gehrig is the office manager of a business with 20 employees. He gives the employees their work, attempts to organize them into
zhannawk [14.2K]

Answer:

The answer is: D) He is the leader of the informal organization in this business.

Explanation:

Informal organization refers to the interlocking social structure that governs how people work within an organization. It is made up of all the personal connections, social networks, and common interests inside the organization.  

Gehrig is the manager of the company, but Wayne is the leader of the group of people that work there.  

5 0
3 years ago
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