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Schach [20]
3 years ago
11

The Work-in-Process inventory account of a manufacturing firm shows a balance of $3,250 at the end of an accounting period. The

job cost sheets of two uncompleted jobs show charges of $510 and $310 for materials, and charges of $410 and $670 for direct labor. From this information, it appears that the company is using a predetermined overhead rate, as a percentage of direct labor costs, of:
Business
1 answer:
max2010maxim [7]3 years ago
3 0

Answer:

$1.25

Explanation:

With regards to the above and given that;

Direct material = $510 310

Direct labor = $410 $670

Manufacturing overhead?

Work in process = Direct material + Direct labor + manufacturing overhead

$3,250 = $820 + $1,080 + MOH

$3,250 - $1,900 = MOH

MOH = $1,350

Overhead rate = MOH/Direct labor hour

= $1,350/1080

= $1.25

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You have an opportunity to lead an interdisciplinary team in a new area that is beyond your competence. You may?
STALIN [3.7K]

A cross-functional team, sometimes referred to as an interdisciplinary or multidisciplinary team, is made up of individuals with various functional specialties who are working together to achieve a common objective.

<h3>What should we develop for the interdisciplinary teams to work effectively?</h3>

An interdisciplinary approach entails team members from several disciplines cooperating toward a shared goal in order to create objectives, make choices, and distribute resources and responsibilities.

A cross-functional team, sometimes referred to as an interdisciplinary or multidisciplinary team, is made up of individuals with various functional specialties who are working together to achieve a common objective. Personnel from the departments of finance, marketing, operations, and human resources might be present.

A client, the client's family or caregiver, medical and mental health professionals, nurses, social workers, rehabilitation therapists (occupational therapists, physical therapists, speech therapists, and recreational therapists), rehabilitation engineers, and a funding source make up the majority of this team.

Multidisciplinary teams feature team members working separately to develop strategies unique to their discipline, whereas interdisciplinary teams are made up of several disciplines working cooperatively toward a shared goal.

To learn more about interdisciplinary approach refer to:

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6 0
1 year ago
"When a company is cash poor, a project with a short payback period but a low rate of return may be preferred to a project with
ololo11 [35]

Answer:

True

Explanation:

The formula to compute the payback period is shown below:

Payback period = Initial investment ÷ Annual net cash inflow

When the company is cash poor so the first target is to improve the liquidity and maintain that liquidity so that the company is able to pay off its short term debt or obligations

Therefore for a long payback period and a high

A cash poor firms first target is to maintain the liquidity then it would lead to a short payback period but at the same time the less rate of return preferring a project with a long payback period having high rate

Hence, the given statement is true

4 0
3 years ago
Assume a corporation has cumulative voting and there are two directors up for election. What is the minimum number of votes a sh
Rainbow [258]

Answer:

500

Explanation:

Cumulative voting allows a minority shareholder to cast a minimum of 100 times 5 equals 500 votes.

This is supposed to give him as much say in the company as other shareholders as he is able to vote.

4 0
3 years ago
____________________ are a pool of assets that trade like stocks on an exchange. They track a group of stocks, such as all stock
barxatty [35]

Answer:

Exchanged-traded funds

Explanation:

Exchanged-traded funds are forms of investment that are usually traded on stock exchange the way other securities are traded, but they have an underlying asset.

Unlike mutual funds ETF are traded on the stock exchange at all periods of the day.

Assets held by ETF includes, shares, currencies, bonds, and commodities like gold and oil.

Value of trade is kept close to the net value of the underlying asset.

7 0
3 years ago
Scott was a member of the seven-person board of directors of Buffalo Corporation. Officers of that corporation were considering
kodGreya [7K]

Answer: has the right to inspect corporate books and records, as information regarding the corporation and its affairs is essential to perform his duties.

Explanation:

Based on the information given, it is vital for Scott to inspect corporate books and records, as information regarding the corporation and its affairs is essential to perform his duties.

Since Scott is part of the people who are considering a large purchase of new equipment to begin production of a completely new product line, he therefore needs to check out the corporate books and records in order to gain factual information which will support his stance on the matter.

Therefore, the correct option is C.

7 0
3 years ago
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