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expeople1 [14]
3 years ago
11

Douglas, Inc., employs a normal costing system. The following information pertains to the year just ended. Total manufacturing c

osts were $2,500,000. Cost of goods manufactured was $2,425,000. Applied manufacturing overhead was 30 percent of total manufacturing costs. Manufacturing overhead was applied to production at a rate of 80 percent of direct-labor cost. Work-in-process inventory on January 1 was 75 percent of work-in-process inventory on December 31. Based on this information, what amount is the total cost of direct material used during the year
Business
1 answer:
horsena [70]3 years ago
5 0

Answer:

$812,500

Explanation:

The computation of the direct material used during the year is shown below:

As we know that

Total manufacturing cost = Direct material + direct labor + applied overhead

where

Applied overhead = 30% of total manufacturing cost

= 30% of $2,500,000

= $750,000

And, the direct labor is

= $750,000 ÷ 0.80

= $937,500

Now the direct material cost is

= $2,500,000 - $750,000 - $937,500

= $812,500

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Which business environment are SMEs part of? Micro, market,macro environment and why
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Micro-environment factors include internal factors i.e. customers, suppliers, competitors, etc. whereas macro-environment has external factors like political, social, economic, etc.



studiousguy.com › Marketing

3 0
3 years ago
Suppose a huge increase in credit card frauds leads to many businesses refusing to accept payments by credit cards. As a result,
julia-pushkina [17]

Answer:

Suppose a huge increase in credit card frauds leads to many businesses refusing to accept payments by credit cards. As a result, people want to keep more cash on hand, increasing the demand for money. Assume the Fed does not change the money supply. According to the theory of liquidity preference, the interest rate will __increase__ , which causes aggregate demand to__decrease_

If instead the Fed wants to stabilize aggregate demand, it should ___increase__ the money supply by _purchasing__ government bonds.

Explanation:

The economy's aggregate demand will increase as a result of the increased preference for liquidity leads to an increase in consumer spending, thereby increasing the Gross Domestic Product.  If the Fed increases the money supply in response to the increased preference for liquidity, it will cause a reduction in interest rates, thereby further increasing consumer spending.

5 0
3 years ago
When is the best time to consider diversification for a company? A. The company has strong competitive position in its industry
Advocard [28]

Answer: A. The company has strong competitive position in its industry and industry growth is sluggish.

Explanation: Diversification is best done from a position of strength, a company should be doing well in its current industry and market before considering diversifying. A company having strong competitive position in its industry and when there is a sluggish growth in that industry, the company can diversified.

Diversification in corporate is a strategy that a company implement to increase market shares and sale volume by introducing new product in another industry and market different from the one they are operating.

5 0
3 years ago
The Federal Reserve can: A. simultaneously set any money supply and any nominal interest rate target. B. set the target money su
adell [148]

Answer:

The answer is C.

Explanation:

The Federal Reserve acts as the Central Bank. And the tool it uses to control the economy is monetary policy and its tools are:

1. Reserve requirements

2. Open market operation

3. Discount rate(interest rate)

The Federal reserve can control the money supply in the eco economy through any of these tools.

For example, if Federal reserve wants to increase the money supply, they can do the following:

a) reducing the interest rate it lends commercial banks money, commercial banks too reduces the interest it charges businesses or households. With lower interest, households and businesses are encouraged to borrow, thereby increasing the money supply and vice-versa.

b) lowering the reserve requirements. Reserve requirement is the minimum balance commercial banks must have with the federal reserves. This is guided by law. Lowering the reserve requirements enable commercial banks to have more money to lend to their customers and vice-versa.

In all, Federal reserve use any of these tools to control money supply that is consistent with their target nominal interest rate.

4 0
3 years ago
You are an HRIS specialist. What is your job description? Group of answer choices ​manage one or more administrative human resou
Brums [2.3K]

I will answer your question as much as i can since the multiple options are not clearly spelt out.

Answer:

Explanation:

HRIS, the acronym for Human Resource Information System, is a system that is used by human resources manager/department to gather, store, analyze information that concerns a firm's human resources which is important in the collection, storage, management, etc of data for human resource function.

Simply put, HRIS is a system that is used to collect, store and analyze human resources data for onward storage and management as it concerns a firm.

A firm's human resources includes databases, computer application, hardware and/or software, etc.

As a human resource manger, the job description of the position includes staffing(recruitment and employment), employee benefits and compensation management as well as defining job roles of job positions.

The above responsibilities of HRM usually is aimed at maximizing the productivity of a firm through its employees. This simply means HRM is there to motivate and get the best out of employees to ultimately improve the productivity of the firm.

Cheers.

7 0
3 years ago
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