Why can the big candy makers produce candy that is less expensive per price?

Legislation requires that all non-salaried employees who work more than 40 hours a week be paid over-time for the week. This leg

egoroff_w [7]

This legislation is called the Fair Labor Standards Act.

This act gives rights to United States workers. Among these rights are child labor laws, the requirement of employers to pay overtime to workers who work over 40 hours per week and also sets a minimum wage that must be paid to employees.

5 0

3 years ago

Read 2 more answers

(tco 7) which access control method is characterized by the information owner being responsible for assigning privileges to appr

Tems11 [23]

Web applications need access controls to allow users (with varying privileges) to use the application.They also need administrators to manage the applications access control rules and the granting of permissions or entitlements to users and other entities. Various access control design methodologies are available. To choose the most appropriate one, a risk assessment needs to be performed to identify threats and vulnerabilities specific to your application, so that the proper access control methodology is appropriate for your application.

3 0

4 years ago

Suppose Stark Ltd. just issued a dividend of $2.57 per share on its common stock. The company paid dividends of $2.20, $2.31, $2

crimeas [40]

Answer:

Growth rate (g) = n-1√(Latest dividend) - 1

Current dividend

= 4-1√($2.49/2.20) -1

= 3√(1.1318) -1

= 1.04 - 1

= 0.04 = 4%

Ke = Do(1 + g) + g

Po

Ke = $2.57(1 + 0.04) + 0.04

65

Ke = 0.04 + 0.04

Ke = 0.08 = 8%

Explanation:

In this case, we need to calculate the growth rate using the above formula. Then, the cost of equity will be calculated. Cost of equity is a function of current dividend paid subject to growth rate divided by current market price.

Explanation:

5 0

4 years ago

Marcelino Co.'s March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $530,000, and factory payro

shtirl [24]

Answer:

Marcelino Co.

a. Total materials purchases = $530,000

b. Direct materials used in production:

Beginning balance of direct materials = $73,000

Current direct materials used = 442,000

Total materials used in production = $515,000

c. Direct labor paid and assigned to Work in Process Inventory:

Job 307 Job 308 Total

Beginning Direct labor $17,000 $17,000

Current Direct labor 153,000 $102,000 255,000

Total Direct labor $170,000 $102,000 $272,000

d. Indirect labor paid and assigned to Factory Overhead:

Indirect labor $28,000

Applied = $27,720 (99% ($193,000/$195,000))

e. Overhead costs applied to Work in Process Inventory

=

Job 307 Job 308 Total

76,500 51,000 $127,500

f. Actual overhead costs incurred and paid in cash:

Indirect materials $51,000

Indirect labor, $28,000

Factory rent, $40,000

Factory utilities, $25,000

Total overhead costs = $144,000

g. Transfer of Jobs 306 and 307 to Finished Goods Inventory:

Job 307 Job 308 Total

Balances on March 31

Direct materials $42,000 $42,000

Direct labor 17,000 17,000

Applied overhead 8,500 8,500

Costs during April

Direct materials 210,000 $100,000 $310,000

Direct labor 153,000 102,000 255,000

Applied overhead 76,500 51,000 127,500

Total cost $507,000 $253,000 $760,000

h. Cost of goods sold for Job 306 = $349,000

i. Revenue from the sale of Job 306 = $700,000

j. Assignment of underapplied overhead to the Cost of Goods Sold account:

Total overhead applied = $179,000

Total overhead incurred = 195,000

Underapplied overhead = $16,000

Explanation:

a) Data and Calculations:

Raw materials Inventory (March 31) $88,000

Purchases of raw materials during April = $530,000

Factory Payroll cost = $386,000

Overhead costs =

Indirect materials $51,000

Indirect labor, $28,000

Factory rent, $40,000

Factory utilities, $25,000

Factory equipment depreciation, $51,000

Total overhead costs = $195,000

Job 306 Job 307 Job 308 Total

Balances on March 31

Direct materials $31,000 $42,000 $73,000

Direct labor 21,000 17,000 38,000

Applied overhead 10,500 8,500 19,000

Balances $62,500 $67,500 $130,000

Costs during April

Direct materials 132,000 210,000 $100,000 $442,000

Direct labor 103,000 153,000 102,000 358,000

Applied overhead 51,500 76,500 51,000 179,000

Total cost $349,000 $507,000 $253,000 $1,109,000

7 0

3 years ago

During 2017, Fanning Manufacturing Company incurred $64,400,000 of research and development (R&D) costs to create a long-lif

Tpy6a [65]

Answer:

Since the question involves multiple steps, please refer to the explanation section for a point-wise answer

Explanation:

(a) Imagine a "stream" to mean the flow of the product from the inception of the idea to the sale of the final output. Therefore, upstream and downstream costs are those are those that club various segments of cost during the manufacturing & selling process on the basis of when the cost is incurred in this cycle. Up-stream costs include the costs incurred before the beginning of the manufacturing process. Therefore, product design, structuring of packaging, R&D are all considered upstream costs. Downstream costs are incurred during the production process and the subsequent sale and customer service expenses. In the context of the question, Upstream costs for Fanning Manufacturing would be R&D expenses. Downstream cost include Manufacturing costs, packaging, shipping, and sales commission.

(b) Cost of Goods Sold (COGS) would be the amount of units sold (i.e $407,000) multiplied by the manufacturing costs ($66). Therefore, COGS would be $26,862,000.

A total of 446,000 units were produced which means the inventory costs (units x manufacturing costs) would be $29,436,000. Out of this $26,862,000 were expensed out as COGS. Therefore, ending inventory balance would be the differential amount of $2,574,000.

(c) Fanning wants to earn a profit margin of 30% of the total cost of developing, making and distributing the batteries. Therefore the company wants a profit equivalent to 30% of all the costs incurred from R&D to sales commission. Total cost is COGS+Selling, Packaging, shipping, sales commission + R&D which is $94,518,000. 30% of this is $28,355,400. So, sales revenue should be this amount PLUS all the costs incurred which would be $122,873,400 (this is assuming no other expenses like interest and taxes and other income).

Sales per unit (or sales price) would therefore be $122,873,400/407,000 units sold = 301.9 ≅ $302 per unit

(d)

Sales 122,914,000.00

Cost of Goods Sold (26,862,000.00)

Gross Profit 96,052,000.00

Selling, General & Administrative Expenses (3,256,000.00)

Research & Development (64,400,000.00)

Operating Profit/Net Profit 28,396,000.00

Note: Again, this is assuming no other income and expenses. Since interest and tax expenses are assumed to be zero, operating income is equal to net income

3 0

3 years ago