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I am Lyosha [343]
3 years ago
8

Faughn Corporation has provided the following data concerning manufacturing overhead for July:

Business
1 answer:
creativ13 [48]3 years ago
6 0

Answer: D. Manufacturing overhead was underapplied by $10,000; Cost of Goods Sold after closing out the Manufacturing Overhead account is $253,000

Explanation:

The Manufacturing overhead applied is less than the actual manufacturing overhead incurred by:

= 79,000 - 69,000

= $10,000

Manufacturing overhead is therefore underapplied as the amount applied is too low to cover the amount incurred.

The Cost of Goods sold after closing out is:

= Cost of goods sold before closing out + Underapplied manufacturing overhead

= 243,000 + 10,000

= $253,000

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Williams Optical Inc. is considering a new lean product cell. The present manufacturing approach produces a product in four sepa
zzz [600]

Answer:

The value-added, non-value-added, total lead time, and the value-added ratio under the present production approaches is as follows:

value-added=20 minutes

non-value-added=905 minutes

total lead time=925 minutes

value-added ratio=2.2%

The value-added, non-value-added, total lead time, and the value-added ratio under the proposed production approaches is as follows:

value-added=20 minutes

non-value-added=50 minutes

total lead time=70 minutes

value-added ratio=28.6%

Explanation:

In order to calculate the  the value-added, non-value-added, total lead time, and the value-added ratio under the present production approaches we would have to use the following formula:

value-added=Process times, step 1 +Process times, step 2+Process times, step 3+Process times, step 4

value-added=5+8+4+3

value-added=20 minutes

non-value-added=Total within batch wait time+movie time

non-value-added=(5+8+4+3)*(45-1)+25

non-value-added=905 minutes

total lead time= value-added+ non-value-added

total lead time=20+905

total lead time=925 minutes

value-added ratio=value-added/total lead time

value-added ratio=20/925

value-added ratio=2.2%

In order to calculate the  the value-added, non-value-added, total lead time, and the value-added ratio under the proposed production approaches we would have to use the following formula:

value-added=Process times, step 1 +Process times, step 2+Process times, step 3+Process times, step 4

value-added=5+8+4+3

value-added=20 minutes

non-value-added=Total within batch wait time+movie time

non-value-added=(5+8+4+3)*(3-1)+10

non-value-added=50 minutes

total lead time= value-added+ non-value-added

total lead time=20+50

total lead time=70 minutes

value-added ratio=value-added/total lead time

value-added ratio=20/70

value-added ratio=28.6%

7 0
3 years ago
On January 2, Cohan Company acquired 37% of the outstanding stock of Sanger Company for $715,500. For the year ended December 31
anzhelika [568]

Answer:

Explanation:

check the file attached for solution i hope it helps

Download docx
5 0
3 years ago
A buyer and a seller enter a contract for the sale of a three-bedroom residential property. Shortly after the contract is in pla
Komok [63]

Answer:

The best answer to the question: How should the parties proceed, when talking about the buying of a house in which the buyer has already entered a contract with the seller of the property, before having an inspection performed on it, to find out that there are some issues with the property itself, would be, C: The fixes do not become part of the sales agreement.

Explanation:

To begin with, the buyer should have had the inspection done before entering an agreement, and much more signing the contract. Now that the contract is in place, and since the buyer did not have the inspection done beforehand, the terms that would have made the seller responsible for making fixes on the damaged property are not part of the contract. The buyer signed the contract without these adendums and therefore, it is no longer the seller´s responsibility, as part of the original contract, to take care of them. The buyer must abide by the original contract because he did not insist on having any such provisions placed on it that would have made the seller responsible for the fixes.

3 0
3 years ago
Categorize each statements as a component of Gross Domestic Product (GDP): consumption, investment, government, or net exports.
marishachu [46]

Answer:

The Gross Domestic Product (GDP) is a measure of the value of all final Goods and Services in an Economy in a given period usually a year.

It can be calculated using the Expenditure method which is;

= <em>Consumption + Investment + Government Spending + Net Exports</em>

Consumption

Here, the final goods and services that all households in the Economy purchased and used for the year are included. It is usually the largest component of GDP.

The following will fall here.

- <em>Ice cream</em>

<em>- A domestically manufactured personal computer</em>

<em>- Cab fare for personal use</em>

<em>- A ticket to a local sporting event</em>

<em>- 55 cent tacos</em>

Investment

The Goods that will fall under here include Capital goods purchased or made in an Economy for the purpose of increasing production capacity.

Of the goods listed only one will fall here being;

- <em>A Domestically Manufactured Personal Computer. </em>

<em />

Government Spending

This includes all Public Spending in the Economy on goods and services for things such as Health and Defense but excluding transfer payments such as Social Security.

- <em>Public School Teacher's Salary will fall under here. </em>

Net Exports

These are the Exported goods from the country less the goods that it imported. From the above only one item falls under this category;

- <em>Exported Doll House</em>

6 0
3 years ago
Golden Eagle Company prepares monthly financial statements for its bank. The November 30 adjusted trial balance includes the fol
jolli1 [7]

Answer:

Date       General Journal                                Debit       Credit

Dec 31    Supplies expenses                           $2,300

               (1,650+3,800-3150)

                      Supplies                                                       $2,300

               (To record the supplies used during the period)

Dec 31     Insurance expenses                         $1,650

                      Prepaid expenses                                        $1,650

                (To record the insurance expired for December)

Dec 31      Salaries expenses                            $15,300

                       Salaries payable                                          $15,300

                (To record the unpaid salaries)

Dec 31        Deferred revenue                            $1,150

                   (3450/3 months)

                          Rent revenue                                             $1,150

                   (To record the revenue earned during the period)

7 0
3 years ago
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