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2 years ago

A business plan in its simplest form could be a paragraph written on a napkin describing a business strategy

Business

1 answer:

Crazy boy [7]2 years ago

5 0

Answer:

True

Explanation:

A business plan a guide that shows how business objectives will be met. It states the mission of the business, the resources, the target market, and the path to be followed to achieve the goals.

As the name suggests, a business plan is a 'plan.' It is important to have a business plan in place. The plan can be written with many details and in the standard format or scribbled on paper. Other plans are only in soft copy, while others are yet to be written.

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Bakerston Company is a manufacturing firm that uses job-order costing. The company's inventory balances at the beginning and end

Jet001 [13]

Answer:

a schedule of cost of goods manufactured

Direct Raw materials $281,000

Direct Labor $377,000

Indirect Raw materials $26,000

Indirect Labor $96,000

Factory utility costs: $10,000

Depreciation - factory operations $120,000

Add Opening Work In Process $27,000

Less Closing Work In Process ($9,000)

cost of goods manufactured $928,000

Under Recovery = $14,000

Explanation:

a. Prepare a schedule of cost of goods manufactured.

Raw Materials Used in Manufacturing = $14,000+$315,000-$22,000

= $307,000

a schedule of cost of goods manufactured

Direct Raw materials $281,000

Direct Labor $377,000

Indirect Raw materials $26,000

Indirect Labor $96,000

Factory utility costs: $10,000

Depreciation - factory operations $120,000

Add Opening Work In Process $27,000

Less Closing Work In Process ($9,000)

cost of goods manufactured $928,000

b. Was the manufacturing overhead under- or overapplied

Factory Overheads Applied = Predetermined Rate × Actual Activity

Predetermined Rate = Budgeted Overheads/ Budgeted Activity

= $231,000/33,000 machine hours

=$7.00 per machine hour

Factory Overheads Applied = $7.00 × 34,000 machine hours

= $238,000

Actual Overheads

Indirect Raw materials $26,000

Indirect Labor $96,000

Factory utility costs: $10,000

Depreciation - factory operations $120,000

Total $252,000

Actual Overheads $252,000 > Factory Overheads Applied $238,000

Under Recovery = $14,000

5 0

3 years ago

The more precisely defined the target market is, the _____ the numbers are to estimate.

bija089 [108]

The answer is a I believe I'm not really sure

4 0

3 years ago

Read 2 more answers

Schedule 1 (Form 1040), lines 8z and 24z will be used to report other ____________ that do not have their own designated line.

Korolek [52]

The lines 8z & 24z in Schedule 1 (Form 1040) are used to report other Income and adjustments that do not have their own designated line.

The Form 1040 is a tax document used by taxpayers to file an annual income tax return.

In the schedule form 1040, the line 8 report other incomes like:

net operating loss
gambling income
cancellation of debt
jury duty
pay prize

In the schedule form 1040, the line 24 report other adjustments like:

housing deduction
attorney fees etc

In conclusion, the lines 8z & 24z in Schedule 1 (Form 1040) are used to report other Income and adjustments that do not have their own designated line.