Answer:
See below
Explanation:
1. Classify each of the products as period or product cost .
Direct materials - Product cost
Direct labor - Product cost
Manufacturing overhead - Product cost
Selling expense - Period cost
2. The total product cost for last month is calculated as;
= Direct materials + Direct labor + Manufacturing overhead
= $8,000 + $3,100 + $2,500
= $13,600
Therefore, total product cost for last month is $13,600
$3.20
Take the total sales divided by total customers.
Sales of hotdogs 40* $2 = $80
of grilled cheese 10* $5 = $50
of cheeseburgers 5 * $6 = $30
Total sales $160/50 customer = $3.20/per customer
Answer and Explanation:
1. Event Nature of expenditure
The capital expenditure is the expenditure which is incurred for one time or we can say it is spent on long term assets. While on the other hand, the revenue expenditure is expenditure which is incurred on frequent basis
Based on this, the treatment is as follows
i. Capital expenditure
ii. Revenue expenditure
iii. Revenue expenditure
iv. Capital expenditure
2. The Journal entry is shown below:-
a. Equipment Dr, $40,000
To Cash $40,000
(Being replacement of compressor is recorded)
Here we debited the equipment as it increased the assets and we credited the cash as it decreased the assets
b. Building Dr, $225,000
To Cash $225,000
Here we debited the equipment as it increased the assets and we credited the cash as it decreased the assets
Answer:
Operation excellence
Explanation:
This concept demonstrates the steady improvement in the product cycles with the support of product cycles, teamwork skills, leadership, problem-solving, decision making, etc. through which an organization's goals and objectives could be effectively and efficiently achieved.
The motive of every organization is to sell the products of the company as per the customer expectations so that it can gain the competitive advantage in the market place by minimizing the cost to the greater extent but at the same time, the company should maintain the quality of the product
Answer:
Division G should be charged $6,000
Explanation:
cost per purchase requisition = $42,000 / 3,500 = $12 per purchase requisition
Division G initiated 500 purchases, so it should be charged 500 x $12 = $6,000
Division L initiated 700 purchases, so it should be charged 700 x $12 = $8,400
The other departments should be charged the remaining amount = $42,000 - ($6,000 + $8,400) = $27,600
