All categories

3 years ago

Under what category of expense do manufacturing wages fall?

Business

1 answer:

vlada-n [284]3 years ago

8 0

Answer:

Direct expenses

Explanation:

Manufacturing expenses are categorized into direct and indirect expenses.

Direct expenses are the costs that can be traced to a specific product or service. There are the expenses that relate to the production or provision of a particular good or service. Direct expenses include the cost of material, direct labor, and direct factory overhead costs.

Indirect expenses consist of operating expenses such as rent, administrative salaries, insurance, telephone, internet , and computer costs. These costs cannot be linked to a particular product.

You might be interested in

Helix Corporation produces prefabricated flooring in a series of steps carried out in production departments. All of the materia

Tresset [83]

The costs per equivalent units (Total Costs / Equivalent units) is $1.57, and for conversion is $0.98.

What is equivalent units of production ?

equivalent units of product are a conception used to understand how important plutocrat incompletely completed products are worth to a company.
They're useful for process going , which is the analysis of plutocrat inflow within the manufacturing process.
Equivalent units of product( EUP) is the quantum or number in units wherein total costs applicable will be divided to determine the applicable cost of goods vended and ending supplies.
This represents the product of a process in terms of equivalent units. In other words, it means converting the uncompleted product into its fellow of completed units. Numerous particulars are in nonstop product, so without some way to calculate original units, it would be delicate to determine how important plutocrat was tied up in product costs. Deficient work must be reckoned for on a regular base so that a value can be placed on the deficient work.

Here,

Units transferred to the next production department = 286,000(two eight six, zero zero zero)

Work in process inventory, May 31 (60,000 (40% for Materials, 20% for Conversion)) = 24,000(material), 12,000(conversion)

Equivalent units = 310,000(material), 298,000(conversion)

Cost in work in process inventory, May 1 = 62,400(material), 19,000(conversion)

Cost added during May = $424,300(material), $273,040(conversion)

Total Costs = $486,700(material), $292,040(conversion

Hence, The costs per equivalent units (Total Costs / Equivalent units) is $1.57, and for conversion is $0.98.

Learn more about Equivalent units here:

brainly.com/question/13798644

#SPJ4

7 0

2 years ago

What could explain why South Korea's gross domestic product (GDP) per capita increased so much faster since the 1970s than Nor

ira [324]

Answer:

Explanation:

Per capita GDP measures the standard of living of the people in a country. The higher the Per capita GDP, the higher the standard of living

Per capita GDP = GDP / population

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

South Korea operates a market economy compared with North Korea. A market economy leads to greater efficiency in production when compared with a command economy.

A market economy is an economy where production decisions are made by the forces of demand and supply. there is no intervention of the government in production decisions

Characteristics of a market economy

• Private ownership of means of production

• freedom of choice. Producers are free to produce what they desire

• competition among producers

• no government intervention.

A command economy is an economy where production decisions are made by the government.

4 0

3 years ago

The Optical Scam Company has forecast a sales growth of 20 percent for next year. The current financial statements are shown her

Stolb23 [73]

Answer:

The external financing needed for next year is $1,766,004.

Explanation:

The external financing needed for next year can be calculated using the following formula:

External financing needed = ((Total assets / Sales) * Change in sales) - ((Short-term liabilities / Sales) * Change in sales) - ((Projected sales * Profit margin) * (1 - Dividend payout ratio)) ................... (1)

Where;

Total assets = $24,705,000

Sales = $30,500,000

Change in sales = Sales * Sales growth rate = $30,500,000 * 20% = $6,100,000

Short-term liabilities = Accounts payable = $6,405,000

Projected sales = Sales * (1 + Sales growth rate) = $30,500,000 * (1 + 20%) = $36,600,000

Profit margin = Net income / Sales = $2,630,550 / $30,500,000 = 0.0862475409836066

Dividend payout ratio = Dividends / Net income = $1,052,220 / $2,630,550 = 0.40

Substituting all the values into equation (1), we have:

External financing needed = (($24,705,000 / $30,500,000) * $6,100,000) - (($6,405,000 / $30,500,000) * $6,100,000) - (($36,600,000 * 0.0862475409836066) * (1 - 0.4))

External financing needed = $1,766,004

Therefore, the external financing needed for next year is $1,766,004.

8 0

3 years ago

Hunter's Hut is considering a project that will require additional inventory of $150,000 and will increase accounts payable by $

tatyana61 [14]

Answer:

Hnters

Explanation:

Hunter's Hut is considering a project that will require additional inventory of $150,000 and will increase accounts payable by $125,000. Accounts receivable is currently $300,000 and is expected to increase by 10 percent if this project is accepted. What is the project's initial cash flow for net working capital

8 0

3 years ago

Which of the following are universal functions of marketing? a. storing b. risk-taking c. financing d. transporting e. all of th

Zinaida [17]

Answer:

e. all of the above is the correct answer.

Explanation:

The functions of marketing are to know the customer's demands and to satisfy customer needs.

Universal functions of marketing are

Buying

storing: products are stored in the warehouse until the customers require them.

Risk-taking: Marketer takes a chance when any new product is launched in the market as there is a chance of both profit and failure.

selling: promotion of the product is done by advertisements and also by personal sales.

grading: sorting and grading of the products are done as per their quality.

transportation: is used to transport the products from the production place to the place for shopping.

securing market information:Gathering information about customers, competitors, wholesalers that help in making marketing conclusions.

financing: giving a require cash tp produce, store, sell and transport the products.

4 0

3 years ago