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3 years ago

Reedy Company reports the following information for 2012:

Business

1 answer:

asambeis [7]3 years ago

4 0

Answer:

Ending WIP= $13,500

Explanation:

First, we need to calculate the factory overhead:

Factory overhead= 25,000*0.75= $18,750

Now, the ending WIP inventory:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

68,250 = 11,000 + 27,000 + 25,000 + 18,750 - Ending WIP

Ending WIP= $13,500

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salantis [7]

Answer:

Johnson Stores

Staffing Budget for Holidays:

a. The amount to budget for additional sales clerks for the holiday season is:

= $24,192.

b. The additional profit generated if a staff is added for the increased sale is:

= $1,209.60.

Explanation:

a) Data and Analysis:

Number of sales clerk required for each $12,000 in daily sales = 1

Average sales increase = $96,000

Number of sales clerk required for the $96,000 sales increase = 8 ($96,000/$12,000)

Number of shopping days from Black Friday to Christmas Eve = 27

Sales clerk works a shift per day = 8 hours

Wages per hour = $14

Total hours to be worked by the additional sales clerk = 8 * 27 * 8 = 1,728

Total wages = 1,728 * $14 = $24,192

Average gross profit on sales = 40%

Total gross profit on sales = $24,192 * 40% = $9,676.80

Additional gross profit generated by adding a staff = $1,209.60 ($9,676.80/8)

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3 years ago

If you are in a car accident cause by someone else who also has insurance, which type of insurance plan will not require you to

max2010maxim [7]

If you are in a car accident cause by someone else who also has insurance, the type of insurance plan that will not require you to pay out of pocket costs is liability insurance. If the car accident was not your fault and the person who caused the accident is also insured the claim should be paid by him under his coverage and your pocket will be safe as well as your insurance will not be affected.

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4 years ago

uses two measures of activity, flights and passengers, in the cost formulas in its budgets and performance reports. The cost for

OLga [1]

Answer:

$11,026 Favorable

Explanation:

The computation of the spending variance for plane operating costs in November is shown below:

= Budgeted cost - Actual cost

= [(84 × $3,160) + (252 × $18) + $593,00] - $318,250

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= $11,026 Favorable

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3 years ago

Which type of organizational purchase situation is characterized by high purchase importance and complexity, a large and evolvin

yaroslaw [1]

Answer:

New Task

Explanation:

The new task is a company purchasing scenario where the purchaser initially buys a products or services for the first time with no testing experience.

An comprehensive search is performed to assess alternatives, however. The higher the price or risk concerned, the more decision-making participants ' knowledge is required.

For instance, an organization that purchases raw resources for the first time to produce devices.

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3 years ago

Determine Digby's current strategy. How will they seek a competitive advantage? From the following list, select the top five sou

GalinKa [24]

Answer:

Please find the detailed answer as follows:

Explanation:

After reviewing Digby's current strategy, top five sources of competitive advantage for digby are as follows:

Increase demand through TQM initiatives .
Offer attractive credit terms .
Seek excellent product designs, high awareness, and high accessibility .
Seek high plant utilization, even if it risks occasional small stockouts .
Reduce cost of goods through TQM initiative.

Related concepts to understand the problem.

Competitive advantage. A competitive advantage is an improvement over competitors gained by contribuiting consumers greater value.

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3 years ago