<span>The answer for the above question is managerial. When Herbert took a new position at Galbrook Manufacturing Company, the firm was near insolvency. One of Herbert's first acts was to establish specific goals for sales growth and a strategy for achieving them. He also changed the organizational structure and developed an elaborate control system for keeping the company on track. Herbert is functioning in a(n) managerial position at Galbrook Manufacturing.</span>
Answer:
exception reporting
Explanation:
A decision support system (DSS) can be regarded as a computerized program that is utilized in supporting determinations as well as judgments, and courses of action s regards a
an organization or a business.
An exception reporting can be regarded as process of using document which states out the instances whereby actual performance is been deviated from expectations in a significantly manner, this is usually in a negative direction. The main reason for this report is to align the attention of management on areas that requires immediate action.
It should be noted that the analysis feature of a decision support system (DSS) pinpoints the region that generated the highest total sales is exception reporting.
Answer:
Standard Hours Standard Rate per Hour Standard Cost
24 minutes (0.4 hrs.) $5.40 $2.16
During August, 8,390 hours of direct labor time were needed to make 19,600 units of the Jogging Mate. The direct labor cost totaled $43,628 for the month.
1. What is the standard labor-hours allowed (SH) to makes 19,600 Jogging Mates?
- 19,600 jogging mates x 0.4 hours = 7,840 hours
2. What is the standard labor cost allowed (SH × SR) to make 19,600 Jogging Mates?
- 7,840 hours x $5.40 = $42,336
3. What is the labor spending variance?
- labor spending variance = standard cost - actual cost = $42,336 - $43,628 = $1,292 unfavorable
4. What is the labor rate variance and the labor efficiency variance?
- labor rate variance = (standard rate - actual rate) x actual hours = ([$5.40 - ($43,628/8,390 hours)] x 8,390 hours = ($5.40 - $5.20) x 8,390 hours = $0.20 x 8,390 = $1,678 favorable
- labor efficiency variance = (standard hours - actual hours) x actual rate = (7,840 hours - 8,390 hours) x $5.20 = -550 hours x $5.20 = -$2,860 unfavorable
Answer:
a. Debit deferred revenue and credit service revenue for $9000.
Explanation:
Note: The full question is attached as below
Subscription earned for 9 months = $12000 / 12 * 9
Subscription earned for 9 months = $9,000
Date Account titles Debit Credit
Dec 31, 2021 Deferred revenue $9,000
To Service revenue $9,000
Answer:
2.21%
Explanation:
The internal rate of return is the rate of return on the project where the present value of future cash flows equals the initial investment outlay. It is known as the break-even discount rate since, at IRR, the net present value is zero.
The IRR can be determined using the excel IRR function as shown thus:
=IRR(values)
values are the cash flows from years 0-4
Find attached excel file for IRR computation
