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What is the advantage of using computerized source documents to prepare job-cost records?

serious [3.7K]

The answer is letter c. The foremost concern with the source documents of job cost records is the accuracy of the records. Problems happening in this area consist of incorrect recording of quantity or dollar amounts, materials recorded on one job being “borrowed” and used on other jobs, and erroneous job numbers being assigned to materials or labor inputs. The main advantages of using computerized source documents for job cost records are the accurateness of the records and the capability to offer managers with immediate feedback to help control job costs.

7 0

4 years ago

Your company has just purchased a new production machine for $100,000. They plan to use this machine for the next 5 years. The m

Kryger [21]

Missing information :

interest rate = 14%

Answer:

annual savings rate per operating hour $0.94

Explanation:

initial investment $100,000

total operating hours = 3,000 x 5 = 15,000 hours

savings first year $35,000

then decrease by 3% per year

annual savings:

year 1 $35,000

year 2 $33,950

year 3 $32,931.50

year 4 $31,943.56

year 5 $30,985.25

we need to determine the PV of the savings per year:

PV = $35,000/1.14 + $33,950/1.14² + $32,931.50/1.14³ + $31,943.56/1.14⁴ + $30,985.25/1.14⁵ = $30,701.75 + $26,123.42 + $22,227.82 + $18,913.15 + $16,092.77 = $114,058.91

NPV of investment = $114,058.91 - $100,000 = $14,058.91

annual savings per operating hour = $14,058.91 / 15,000 = $0.94

5 0

3 years ago

What is the process called when a entrepreneur is always scanning or looking for technological, poliitcal, social or demographic

uranmaximum [27]

Answer: Market research,

When a entrepeneur is looking for how to excel with respect to its competitors as seeing the continuous changes is called market research to improve the business strategy, so it is very important to define the objectives that you want to draw in the company such as increase in revenue, increase in participation or improvement in competitive advantages.

6 0

4 years ago

Just for the Halibut, Inc. designs and manufactures custom made fishing rods. On June 1, it had one job started with a beginni

Nataly [62]

Answer:

Price= $850,5

Explanation:

With the following information we need to calculate the price of the job:

Direct materials issued to production<= $60

Direct labor= $75

Manufacturing overhead= $99*direct hour=99*5=$495

Direct hours=$75/$15hour= 5hours

Total cost= 60+75+495= $630

Price= total cost*1,35=$850,5

3 0

3 years ago

Muhammad, a 21-year old computer engineer, is opening an individual retirement account (IRA) at a bank. His goal is to accumulat

zavuch27 [327]

Answer:

The first annual depoisit will be of 3,373.49 dollars

Explanation:

Given the formula for future growing annuity

we need to solve for the yearly payment:

grow rate: 0.04

annual effective rate: 8% compounding semiannually:

$(/1+0.08/2)^2-1 = r_e\\$

r= 0.0816

FV 2,500,000

n 46

<em><u>Formula for future value fo an ordinary annuity:</u></em>

$C_0 \times \frac{(1+r)^n-(1+g)^n}{r-g} = FV$

$C_0 \times \frac{(1+0.0816)^{46}-(1+0.04)^{46}}{0.0816-0.04} = 2,500,000\\C_0 = $3,373.4855$

The first annual depoisit will be of 3,373.49 dollars

3 0

3 years ago